KLP Kapitalforvaltning AS Makes New $371,000 Investment in AvePoint, Inc. (NASDAQ:AVPT)

KLP Kapitalforvaltning AS acquired a new position in shares of AvePoint, Inc. (NASDAQ:AVPT) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 22,500 shares of the company’s stock, valued at approximately $371,000.

Other institutional investors also recently bought and sold shares of the company. Knights of Columbus Asset Advisors LLC acquired a new stake in AvePoint in the 4th quarter valued at approximately $238,000. American Century Companies Inc. purchased a new position in shares of AvePoint in the 4th quarter valued at about $578,000. Virtu Financial LLC acquired a new stake in AvePoint during the fourth quarter worth approximately $209,000. Quantbot Technologies LP lifted its position in shares of AvePoint by 32.1% during the 4th quarter. Quantbot Technologies LP now owns 203,076 shares of the company’s stock worth $3,353,000 after buying an additional 49,329 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in shares of AvePoint by 390.3% during the fourth quarter. Teacher Retirement System of Texas now owns 152,728 shares of the company’s stock worth $2,522,000 after purchasing an additional 121,576 shares during the last quarter. 44.49% of the stock is owned by hedge funds and other institutional investors.

AvePoint Price Performance

Shares of NASDAQ AVPT opened at $13.33 on Friday. The company has a 50-day simple moving average of $16.57 and a 200-day simple moving average of $15.73. The company has a market cap of $2.69 billion, a PE ratio of -266.55 and a beta of 1.20. AvePoint, Inc. has a 12 month low of $7.62 and a 12 month high of $19.90.

Insider Activity

In other news, insider Brian Michael Brown sold 35,000 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 1,347,145 shares of the company’s stock, valued at $20,746,033. The trade was a 2.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 26.19% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on AVPT shares. William Blair reiterated an “outperform” rating on shares of AvePoint in a research report on Tuesday, March 4th. Citigroup dropped their price objective on AvePoint from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus 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.