Harbor Capital Advisors Inc. Boosts Holdings in AvePoint, Inc. (NASDAQ:AVPT)

Harbor Capital Advisors Inc. lifted its stake in shares of AvePoint, Inc. (NASDAQ:AVPT) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 121,358 shares of the company’s stock after buying an additional 2,112 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.06% of AvePoint worth $2,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Wellington Management Group LLP purchased a new position in shares of AvePoint in the 3rd quarter valued at approximately $48,226,000. Driehaus Capital Management LLC bought a new position in AvePoint in the second quarter worth $17,305,000. Cubist Systematic Strategies LLC lifted its position in AvePoint by 2,948.0% during the second quarter. Cubist Systematic Strategies LLC now owns 550,350 shares of the company’s stock valued at $5,735,000 after buying an additional 532,294 shares during the period. Squarepoint Ops LLC boosted its holdings in shares of AvePoint by 198.2% during the 2nd quarter. Squarepoint Ops LLC now owns 519,642 shares of the company’s stock valued at $5,415,000 after buying an additional 345,370 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of AvePoint in the 2nd quarter worth about $2,881,000. 44.49% of the stock is owned by institutional investors.

Insider Activity at AvePoint

In other news, CFO James Caci sold 20,215 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $17.12, for a total transaction of $346,080.80. Following the transaction, the chief financial officer now directly owns 591,890 shares of the company’s stock, valued at $10,133,156.80. This represents a 3.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Zhijian Lu sold 10,000 shares of AvePoint stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $12.24, for a total value of $122,400.00. Following the completion of the sale, the insider now owns 18,350,673 shares of the company’s stock, valued at $224,612,237.52. The trade was a 0.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 90,215 shares of company stock valued at $1,321,081. 27.78% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group boosted their price objective on shares of AvePoint from $7.50 to $15.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th.

AvePoint Trading Down 2.5 %

NASDAQ AVPT opened at $16.20 on Friday. The stock’s fifty day moving average price is $17.01 and its 200-day moving average price is $13.25. The stock has a market cap of $3.02 billion, a P/E ratio of -323.94 and a beta of 1.01. AvePoint, Inc. has a 12 month low of $7.08 and a 12 month high of $19.16.

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.