Charles Schwab Investment Management Inc. Buys 20,761 Shares of AvePoint, Inc. (NASDAQ:AVPT)

Charles Schwab Investment Management Inc. increased its stake in AvePoint, Inc. (NASDAQ:AVPT) by 2.3% in the fourth quarter, HoldingsChannel reports. The fund owned 918,345 shares of the company’s stock after purchasing an additional 20,761 shares during the period. Charles Schwab Investment Management Inc.’s holdings in AvePoint were worth $15,162,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of AVPT. Wellington Management Group LLP bought a new stake in shares of AvePoint in the 3rd quarter valued at about $48,226,000. Walleye Capital LLC bought a new stake in shares of AvePoint in the 3rd quarter valued at about $2,970,000. JPMorgan Chase & Co. lifted its stake in shares of AvePoint by 13.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,536,660 shares of the company’s stock valued at $18,086,000 after acquiring an additional 184,361 shares during the last quarter. Barclays PLC lifted its stake in shares of AvePoint by 358.5% in the 3rd quarter. Barclays PLC now owns 206,358 shares of the company’s stock valued at $2,428,000 after acquiring an additional 161,354 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of AvePoint by 4.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,829,548 shares of the company’s stock valued at $33,309,000 after acquiring an additional 133,156 shares during the last quarter. Institutional investors own 44.49% of the company’s stock.

AvePoint Price Performance

AVPT opened at $15.07 on Friday. The business has a 50 day simple moving average of $17.13 and a two-hundred day simple moving average of $15.47. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of -301.34 and a beta of 1.11. AvePoint, Inc. has a one year low of $7.52 and a one year high of $19.90.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AVPT. William Blair reissued an “outperform” rating on shares of AvePoint in a research note on Tuesday, March 4th. Citigroup lowered their price target on AvePoint from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, AvePoint presently has an average rating of “Moderate Buy” and an average target price of $15.75.

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.