AvePoint, Inc. (NASDAQ:AVPT) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC trimmed its stake in shares of AvePoint, Inc. (NASDAQ:AVPT) by 33.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 138,318 shares of the company’s stock after selling 69,195 shares during the quarter. HighTower Advisors LLC owned about 0.07% of AvePoint worth $2,284,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in AVPT. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of AvePoint by 2.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 328,012 shares of the company’s stock worth $3,861,000 after purchasing an additional 8,620 shares during the period. Moran Wealth Management LLC raised its position in shares of AvePoint by 35.2% during the 3rd quarter. Moran Wealth Management LLC now owns 48,488 shares of the company’s stock worth $571,000 after purchasing an additional 12,618 shares during the period. Intech Investment Management LLC bought a new position in AvePoint in the 3rd quarter worth approximately $348,000. Charles Schwab Investment Management Inc. increased its position in AvePoint by 7.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 897,584 shares of the company’s stock valued at $10,565,000 after acquiring an additional 63,323 shares during the period. Finally, Cerity Partners LLC raised its stake in AvePoint by 6.6% during the 3rd quarter. Cerity Partners LLC now owns 41,499 shares of the company’s stock valued at $488,000 after acquiring an additional 2,571 shares in the last quarter. 44.49% of the stock is currently owned by institutional investors and hedge funds.

AvePoint Stock Down 0.1 %

AVPT stock opened at $15.05 on Friday. The company has a market capitalization of $3.04 billion, a P/E ratio of -300.94 and a beta of 1.11. The company has a 50-day simple moving average of $17.10 and a 200 day simple moving average of $15.52. AvePoint, Inc. has a fifty-two week low of $7.52 and a fifty-two week high of $19.90.

Analysts Set New Price Targets

Several research firms have recently issued reports on AVPT. Citigroup decreased their price target on AvePoint from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. William Blair reaffirmed an “outperform” rating on shares of AvePoint in a report on Tuesday, March 4th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, AvePoint presently has a consensus rating of “Moderate Buy” and an average 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.