Charles Schwab Investment Management Inc. Increases Holdings in AvePoint, Inc. (NASDAQ:AVPT)

Charles Schwab Investment Management Inc. increased its stake in AvePoint, Inc. (NASDAQ:AVPT) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 918,345 shares of the company’s stock after purchasing an additional 20,761 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.49% of AvePoint worth $15,162,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Global Retirement Partners LLC purchased a new position in shares of AvePoint in the fourth quarter valued at $25,000. National Bank of Canada FI purchased a new position in AvePoint during the third quarter worth about $29,000. Heck Capital Advisors LLC purchased a new position in AvePoint during the fourth quarter worth about $29,000. R Squared Ltd purchased a new position in AvePoint during the fourth quarter worth about $45,000. Finally, Principal Securities Inc. grew its position in AvePoint by 12,961.9% during the fourth quarter. Principal Securities Inc. now owns 2,743 shares of the company’s stock worth $45,000 after buying an additional 2,722 shares in the last quarter. 44.49% of the stock is currently owned by hedge funds and other institutional investors.

AvePoint Stock Down 0.3 %

Shares of AVPT stock opened at $15.07 on Friday. The business has a 50-day moving average price of $17.13 and a two-hundred day moving average price of $15.47. AvePoint, Inc. has a 12-month low of $7.52 and a 12-month high of $19.90. The firm has a market cap of $3.04 billion, a P/E ratio of -301.34 and a beta of 1.11.

Analysts Set New Price Targets

AVPT has been the subject of several recent analyst reports. Citigroup reduced their target price on AvePoint from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. William Blair restated an “outperform” rating on shares of AvePoint in a research report on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $15.75.

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.