AvePoint, Inc. (NASDAQ:AVPT) Shares Bought by Rhumbline Advisers

Rhumbline Advisers grew its position in AvePoint, Inc. (NASDAQ:AVPT) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 182,990 shares of the company’s stock after buying an additional 2,330 shares during the quarter. Rhumbline Advisers owned 0.10% of AvePoint worth $3,021,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Harbor Capital Advisors Inc. purchased a new position in AvePoint during the 3rd quarter valued at about $1,404,000. Quantbot Technologies LP lifted 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 purchasing an additional 90,413 shares in the last quarter. Lisanti Capital Growth LLC purchased a new position in shares of AvePoint in the third quarter valued at approximately $1,424,000. The Manufacturers Life Insurance Company grew its holdings in shares of AvePoint by 8.3% in the third quarter. The Manufacturers Life Insurance Company now owns 70,013 shares of the company’s stock valued at $824,000 after purchasing an additional 5,352 shares in the last quarter. Finally, Walleye Capital LLC purchased a new stake in AvePoint during the 3rd quarter worth approximately $2,970,000. Hedge funds and other institutional investors own 44.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Citigroup raised their price target on shares of AvePoint from $17.00 to $18.00 and gave the company 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 company a “neutral” rating in a research note on Tuesday, November 12th.

AvePoint Stock Down 12.5 %

Shares of AvePoint stock opened at $14.94 on Friday. AvePoint, Inc. has a 52-week low of $7.08 and a 52-week high of $19.90. The company has a market capitalization of $2.79 billion, a P/E ratio of -298.74 and a beta of 1.02. The company has a 50 day moving average of $17.80 and a 200 day moving average of $15.15.

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.