Algert Global LLC Raises Holdings in AvePoint, Inc. (NASDAQ:AVPT)

Algert Global LLC lifted its holdings in shares of AvePoint, Inc. (NASDAQ:AVPT) by 1,041.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 126,817 shares of the company’s stock after acquiring an additional 115,710 shares during the period. Algert Global LLC owned approximately 0.07% of AvePoint worth $1,493,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of AVPT. Vanguard Group Inc. grew its stake in shares of AvePoint by 3.7% during the first quarter. Vanguard Group Inc. now owns 15,050,278 shares of the company’s stock worth $119,198,000 after acquiring an additional 532,371 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of AvePoint by 14.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 42,464 shares of the company’s stock worth $337,000 after acquiring an additional 5,316 shares during the last quarter. Bayesian Capital Management LP purchased a new stake in shares of AvePoint during the first quarter worth about $130,000. SG Americas Securities LLC grew its stake in shares of AvePoint by 43.2% during the second quarter. SG Americas Securities LLC now owns 23,949 shares of the company’s stock worth $250,000 after acquiring an additional 7,222 shares during the last quarter. Finally, Calamos Advisors LLC grew its stake in shares of AvePoint by 349.9% during the second quarter. Calamos Advisors LLC now owns 204,359 shares of the company’s stock worth $2,129,000 after acquiring an additional 158,940 shares during the last quarter. Hedge funds and other institutional investors own 44.49% of the company’s stock.

AvePoint Trading Down 1.7 %

Shares of NASDAQ:AVPT opened at $17.82 on Friday. AvePoint, Inc. has a 12-month low of $7.08 and a 12-month high of $18.75. The company has a market capitalization of $3.33 billion, a PE ratio of -356.33 and a beta of 0.88. The business has a 50 day moving average of $13.41 and a two-hundred day moving average of $11.37.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on AVPT shares. The Goldman Sachs Group boosted their price target on AvePoint from $7.50 to $15.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. Cantor Fitzgerald upped their target price on AvePoint from $11.00 to $13.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. Finally, Northland Securities upped their target price on AvePoint from $18.00 to $19.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $13.20.

Insider Buying and Selling at AvePoint

In other news, major shareholder Zhijian Lu sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $11.91, for a total transaction of $119,100.00. Following the completion of the transaction, the insider now directly owns 18,430,673 shares of the company’s stock, valued at $219,509,315.43. This represents a 0.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO James Caci sold 20,215 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $17.12, for a total value of $346,080.80. Following the transaction, the chief financial officer now directly owns 591,890 shares of the company’s stock, valued at approximately $10,133,156.80. The trade was a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 130,215 shares of company stock valued at $1,795,881. 27.78% of the stock is owned by company insiders.

AvePoint Profile

AvePoint, Inc provides cloud-native data management software platform in North America, Europe, Middle East, Africa, and Asia Pacific. It also offers software-as-a-service solutions and productivity applications. The company offers modularity and cloud services architecture to address critical challenges and the management of data to organizations that leverage third-party cloud vendors, including Microsoft, Salesforce, Google, AWS, Box, DropBox, and others; license and support; and maintenance services.