US Bancorp DE Sells 7,732 Shares of AvePoint, Inc. (NASDAQ:AVPT)

US Bancorp DE reduced its holdings in AvePoint, Inc. (NASDAQ:AVPT) by 41.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,974 shares of the company’s stock after selling 7,732 shares during the period. US Bancorp DE’s holdings in AvePoint were worth $181,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AVPT. Wellington Management Group LLP acquired a new stake in AvePoint in the 3rd quarter valued at $48,226,000. Walleye Capital LLC acquired a new stake in AvePoint in the 3rd quarter valued at $2,970,000. JPMorgan Chase & Co. increased its stake in shares of AvePoint by 13.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,536,660 shares of the company’s stock worth $18,086,000 after purchasing an additional 184,361 shares during the last quarter. Barclays PLC increased its stake in shares of AvePoint by 358.5% during the 3rd quarter. Barclays PLC now owns 206,358 shares of the company’s stock worth $2,428,000 after purchasing an additional 161,354 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of AvePoint by 4.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,829,548 shares of the company’s stock worth $33,309,000 after purchasing an additional 133,156 shares during the last quarter. 44.49% of the stock is currently owned by institutional investors and hedge funds.

AvePoint Stock Up 6.3 %

NASDAQ AVPT opened at $14.66 on Friday. The company has a market capitalization of $2.96 billion, a P/E ratio of -293.14 and a beta of 1.11. AvePoint, Inc. has a 12-month low of $7.44 and a 12-month high of $19.90. The firm has a 50-day moving average price of $17.27 and a two-hundred day moving average price of $15.40.

Wall Street Analyst Weigh In

AVPT has been the topic of several recent analyst reports. William Blair restated an “outperform” rating on shares of AvePoint in a research note on Tuesday, March 4th. Citigroup lowered their price objective on shares of AvePoint from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. 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, AvePoint currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.75.

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.