AvePoint, Inc. (NASDAQ:AVPT) Stock Holdings Increased by Vanguard Group Inc.

Vanguard Group Inc. lifted its holdings in AvePoint, Inc. (NASDAQ:AVPT) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,280,202 shares of the company’s stock after purchasing an additional 150,885 shares during the quarter. Vanguard Group Inc. owned 8.18% of AvePoint worth $252,276,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of AVPT. Global Retirement Partners LLC bought a new position in AvePoint in the 4th quarter valued at about $25,000. National Bank of Canada FI acquired a new position in shares of AvePoint during the third quarter valued at approximately $29,000. Heck Capital Advisors LLC bought a new stake in AvePoint during the fourth quarter worth approximately $29,000. R Squared Ltd acquired a new stake in AvePoint in the fourth quarter worth approximately $45,000. Finally, Principal Securities Inc. boosted its stake in AvePoint by 12,961.9% during the 4th quarter. Principal Securities Inc. now owns 2,743 shares of the company’s stock valued at $45,000 after purchasing an additional 2,722 shares in the last quarter. 44.49% of the stock is owned by institutional investors and hedge funds.

AvePoint Stock Down 6.7 %

AVPT opened at $13.33 on Friday. The firm has a market cap of $2.69 billion, a PE ratio of -266.55 and a beta of 1.11. The business has a fifty day simple moving average of $16.57 and a 200-day simple moving average of $15.70. AvePoint, Inc. has a fifty-two week low of $7.62 and a fifty-two week high of $19.90.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AVPT. Citigroup dropped their price objective on AvePoint from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. William Blair reissued 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 given a buy rating to the company. According to MarketBeat.com, AvePoint currently has an average rating of “Moderate Buy” and an average target price of $15.75.

Insider Activity at AvePoint

In other AvePoint news, insider Brian Michael Brown sold 35,000 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $15.40, for a total transaction of $539,000.00. Following the completion of the sale, the insider now directly owns 1,347,145 shares of the company’s stock, valued at approximately $20,746,033. This represents a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 26.19% of the stock is currently owned by corporate insiders.

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.