Quadrature Capital Ltd Makes New Investment in AvePoint, Inc. (NASDAQ:AVPT)

Quadrature Capital Ltd bought a new position in AvePoint, Inc. (NASDAQ:AVPT) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 17,992 shares of the company’s stock, valued at approximately $148,000.

A number of other institutional investors have also added to or reduced their stakes in AVPT. Harvest Fund Management Co. Ltd bought a new position in AvePoint in the 4th quarter worth about $47,000. SG Americas Securities LLC purchased a new position in shares of AvePoint in the 4th quarter worth about $95,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of AvePoint in the 4th quarter worth about $158,000. Harbor Capital Advisors Inc. boosted its holdings in shares of AvePoint by 65.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 25,211 shares of the company’s stock worth $207,000 after purchasing an additional 9,990 shares in the last quarter. Finally, Moran Wealth Management LLC purchased a new position in shares of AvePoint in the 4th quarter worth about $213,000. 44.49% of the stock is currently owned by institutional investors.

AvePoint Price Performance

AVPT opened at $10.24 on Friday. The stock’s 50 day simple moving average is $8.88 and its 200 day simple moving average is $8.28. AvePoint, Inc. has a 1 year low of $5.46 and a 1 year high of $10.44. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of -128.00 and a beta of 0.87.

AvePoint (NASDAQ:AVPT) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. The firm had revenue of $74.53 million for the quarter, compared to analyst estimates of $72.33 million. AvePoint had a negative return on equity of 6.56% and a negative net margin of 4.91%. The business’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same period last year, the company earned ($0.05) EPS. As a group, sell-side analysts anticipate that AvePoint, Inc. will post -0.05 EPS for the current year.

Insider Transactions at AvePoint

In other news, insider Brian Michael Brown sold 20,000 shares of AvePoint stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $7.86, for a total value of $157,200.00. Following the sale, the insider now directly owns 1,351,240 shares in the company, valued at approximately $10,620,746.40. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, insider Brian Michael Brown sold 20,000 shares of AvePoint stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $7.86, for a total transaction of $157,200.00. Following the sale, the insider now directly owns 1,351,240 shares in the company, valued at $10,620,746.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO James Caci sold 40,000 shares of AvePoint stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $9.04, for a total value of $361,600.00. Following the sale, the chief financial officer now owns 665,097 shares in the company, valued at $6,012,476.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 80,000 shares of company stock worth $699,800. 27.78% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on AVPT shares. Evercore ISI upped their price objective on AvePoint from $9.00 to $10.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Cantor Fitzgerald upped their price objective on AvePoint from $10.00 to $11.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. Finally, Northland Securities upped their price objective on AvePoint from $12.00 to $18.00 and gave the stock an “outperform” rating in a report on Monday, June 17th.

About AvePoint

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.