12,635 Shares in AvePoint, Inc. (NASDAQ:AVPT) Acquired by Virtu Financial LLC

Virtu Financial LLC bought a new position in shares of AvePoint, Inc. (NASDAQ:AVPT) in the fourth quarter, HoldingsChannel.com reports. The firm bought 12,635 shares of the company’s stock, valued at approximately $209,000.

Other large investors have also made changes to their positions in the company. Global Retirement Partners LLC bought a new stake in AvePoint in the 4th quarter valued at $25,000. National Bank of Canada FI bought a new position in AvePoint during the third quarter worth about $29,000. Heck Capital Advisors LLC acquired a new stake in AvePoint in the 4th quarter valued at $29,000. R Squared Ltd acquired a new stake in shares of AvePoint in the 4th quarter valued at $45,000. Finally, Principal Securities Inc. boosted its position in AvePoint by 12,961.9% in the fourth quarter. Principal Securities Inc. now owns 2,743 shares of the company’s stock valued at $45,000 after buying an additional 2,722 shares in the last quarter. Institutional investors and hedge funds own 44.49% of the company’s stock.

AvePoint Stock Performance

Shares of AVPT opened at $14.62 on Friday. The firm’s 50 day moving average price is $16.90 and its two-hundred day moving average price is $15.64. AvePoint, Inc. has a twelve month low of $7.52 and a twelve month high of $19.90. The firm has a market cap of $2.95 billion, a P/E ratio of -292.34 and a beta of 1.11.

Insider Activity at AvePoint

In other news, insider Brian Michael Brown sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $15.40, for a total transaction of $539,000.00. Following the completion of the transaction, the insider now directly owns 1,347,145 shares of the company’s stock, valued at $20,746,033. This trade represents a 2.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 26.19% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AVPT has been the topic of several research reports. William Blair reiterated an “outperform” rating on shares of AvePoint in a research report on Tuesday, March 4th. Citigroup reduced their target price on AvePoint from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $15.75.

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.