Swiss National Bank Has $3.34 Million Position in AvePoint, Inc. (NASDAQ:AVPT)

Swiss National Bank decreased its holdings in shares of AvePoint, Inc. (NASDAQ:AVPT) by 7.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 202,000 shares of the company’s stock after selling 15,200 shares during the period. Swiss National Bank’s holdings in AvePoint were worth $3,335,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Quantbot Technologies LP boosted its holdings in AvePoint by 142.8% during the 3rd quarter. Quantbot Technologies LP now owns 153,747 shares of the company’s stock worth $1,810,000 after acquiring an additional 90,413 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in AvePoint by 8.3% in the third quarter. The Manufacturers Life Insurance Company now owns 70,013 shares of the company’s stock worth $824,000 after purchasing an additional 5,352 shares during the last quarter. Walleye Capital LLC purchased a new position in AvePoint in the third quarter valued at about $2,970,000. Charles Schwab Investment Management Inc. grew its position in shares of AvePoint by 7.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 897,584 shares of the company’s stock valued at $10,565,000 after acquiring an additional 63,323 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of AvePoint by 13.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,536,660 shares of the company’s stock worth $18,086,000 after purchasing an additional 184,361 shares during the last quarter. 44.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on AVPT. Citigroup dropped their price objective on AvePoint from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. William Blair reaffirmed an “outperform” rating on shares of AvePoint in a research report on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $15.75.

Insiders Place Their Bets

In other news, insider Brian Michael Brown sold 35,000 shares of the company’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $15.40, for a total transaction of $539,000.00. Following the sale, the insider now directly owns 1,347,145 shares in the company, valued at $20,746,033. This represents a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 26.19% of the company’s stock.

AvePoint Trading Down 1.1 %

Shares of AVPT stock opened at $15.06 on Thursday. AvePoint, Inc. has a 12 month low of $7.52 and a 12 month high of $19.90. The stock has a market capitalization of $3.04 billion, a P/E ratio of -301.14 and a beta of 1.11. The firm’s 50 day moving average is $17.01 and its 200 day moving average is $15.59.

AvePoint Company 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.