AvePoint, Inc. (NASDAQ:AVPT) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. grew its stake in shares of AvePoint, Inc. (NASDAQ:AVPT) by 29.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,409 shares of the company’s stock after purchasing an additional 1,010 shares during the quarter. Pacer Advisors Inc.’s holdings in AvePoint were worth $73,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in AVPT. Harbor Capital Advisors Inc. acquired a new position in AvePoint during the 3rd quarter valued at approximately $1,404,000. Millennium Management LLC lifted its stake in AvePoint by 33.7% in the second quarter. Millennium Management LLC now owns 641,862 shares of the company’s stock valued at $6,688,000 after buying an additional 161,759 shares during the last quarter. Quantbot Technologies LP grew its position in shares of AvePoint by 142.8% during the third quarter. Quantbot Technologies LP now owns 153,747 shares of the company’s stock worth $1,810,000 after acquiring an additional 90,413 shares during the last quarter. Lisanti Capital Growth LLC acquired a new stake in shares of AvePoint in the 3rd quarter worth about $1,424,000. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of AvePoint by 8.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 70,013 shares of the company’s stock worth $824,000 after acquiring an additional 5,352 shares during the period. 44.49% of the stock is owned by institutional investors.

AvePoint Trading Up 2.8 %

AVPT stock opened at $19.12 on Wednesday. The firm’s 50-day moving average is $17.72 and its two-hundred day moving average is $14.17. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of -382.32 and a beta of 1.02. AvePoint, Inc. has a 52 week low of $7.08 and a 52 week high of $19.20.

Wall Street Analyst Weigh In

AVPT has been the subject of several recent analyst reports. Citigroup upped their target price on shares of AvePoint from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. The Goldman Sachs Group increased their price objective on AvePoint from $7.50 to $15.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $15.00.

Insider Buying and Selling

In other news, CFO James Caci sold 20,215 shares of AvePoint stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $17.12, for a total value of $346,080.80. Following the transaction, the chief financial officer now owns 591,890 shares of the company’s stock, valued at $10,133,156.80. The trade was a 3.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Zhijian Lu sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $15.77, for a total transaction of $157,700.00. Following the completion of the sale, the insider now owns 18,310,673 shares in the company, valued at $288,759,313.21. The trade was a 0.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,215 shares of company stock valued at $831,581 over the last quarter. Corporate insiders own 27.78% of the company’s stock.

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.