AvePoint, Inc. (NASDAQ:AVPT) Shares Sold by State Street Corp

State Street Corp trimmed its holdings in AvePoint, Inc. (NASDAQ:AVPT) by 5.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,026,622 shares of the company’s stock after selling 175,246 shares during the period. State Street Corp owned 1.62% of AvePoint worth $35,623,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Canada Pension Plan Investment Board bought a new stake in shares of AvePoint in the 2nd quarter valued at approximately $83,000. Algert Global LLC acquired a new stake in shares of AvePoint during the second quarter worth $116,000. Balboa Wealth Partners purchased a new position in shares of AvePoint in the third quarter worth approximately $125,000. nVerses Capital LLC purchased a new position in AvePoint during the 2nd quarter valued at about $173,000. Finally, US Bancorp DE lifted its holdings in shares of AvePoint by 8.0% during the 3rd quarter. US Bancorp DE now owns 18,706 shares of the company’s stock valued at $220,000 after buying an additional 1,391 shares during the last quarter. Institutional investors and hedge funds own 44.49% of the company’s stock.

AvePoint Trading Up 0.8 %

Shares of NASDAQ AVPT opened at $17.89 on Friday. The company has a fifty day moving average price of $15.59 and a 200 day moving average price of $12.45. AvePoint, Inc. has a 1-year low of $7.08 and a 1-year high of $19.16. The firm has a market cap of $3.34 billion, a PE ratio of -357.73 and a beta of 1.00.

Insider Buying and Selling

In other AvePoint news, CFO James Caci sold 20,215 shares of the 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 owns 591,890 shares in the company, valued at $10,133,156.80. This trade represents a 3.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Zhijian Lu sold 10,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $17.12, for a total value of $171,200.00. Following the sale, the insider now directly owns 18,270,673 shares in the company, valued at $312,793,921.76. This represents a 0.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 100,215 shares of company stock worth $1,440,081. Corporate insiders own 27.78% of the company’s stock.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lifted their price target on AvePoint from $7.50 to $15.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.20.

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.