Swiss National Bank Sells 15,200 Shares of AvePoint, Inc. (NASDAQ:AVPT)

Swiss National Bank lowered its stake in AvePoint, Inc. (NASDAQ:AVPT) by 7.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 202,000 shares of the company’s stock after selling 15,200 shares during the quarter. Swiss National Bank owned approximately 0.11% of AvePoint worth $3,335,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Wellington Management Group LLP bought a new position in AvePoint in the third quarter valued at about $48,226,000. Raymond James Financial Inc. acquired a new position in shares of AvePoint in the fourth quarter valued at approximately $18,067,000. Walleye Capital LLC acquired a new stake in AvePoint during the 3rd quarter worth approximately $2,970,000. JPMorgan Chase & Co. grew its holdings in 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 acquiring an additional 184,361 shares during the last quarter. Finally, Barclays PLC increased its position in AvePoint by 358.5% in the 3rd quarter. Barclays PLC now owns 206,358 shares of the company’s stock valued at $2,428,000 after acquiring an additional 161,354 shares during the period. 44.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AVPT. William Blair reissued an “outperform” rating on shares of AvePoint in a research note on Tuesday, March 4th. 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. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $15.75.

AvePoint Stock Down 1.1 %

AVPT stock opened at $15.06 on Thursday. The company’s fifty day simple moving average is $17.01 and its 200 day simple moving average is $15.59. 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 price-to-earnings ratio of -301.14 and a beta of 1.11.

Insider Transactions at AvePoint

In other news, insider Brian Michael Brown sold 35,000 shares of AvePoint stock in a transaction on Monday, March 24th. The shares were sold at an average price of $15.40, for a total value of $539,000.00. Following the completion of the sale, the insider now owns 1,347,145 shares in the company, valued at $20,746,033. The trade was a 2.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 26.19% 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.