Sei Investments Co. Lowers Stock Holdings in AvePoint, Inc. (NASDAQ:AVPT)

Sei Investments Co. lessened its holdings in AvePoint, Inc. (NASDAQ:AVPT) by 22.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 159,521 shares of the company’s stock after selling 46,612 shares during the period. Sei Investments Co. owned 0.09% of AvePoint worth $2,634,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of AVPT. The Manufacturers Life Insurance Company grew its position in shares of AvePoint by 8.3% during the third quarter. The Manufacturers Life Insurance Company now owns 70,013 shares of the company’s stock worth $824,000 after purchasing an additional 5,352 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of AvePoint by 7.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 897,584 shares of the company’s stock valued at $10,565,000 after buying an additional 63,323 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of AvePoint by 13.6% in the third quarter. JPMorgan Chase & Co. now owns 1,536,660 shares of the company’s stock worth $18,086,000 after buying an additional 184,361 shares in the last quarter. Ashford Capital Management Inc. boosted its position in shares of AvePoint by 10.0% during the third quarter. Ashford Capital Management Inc. now owns 1,091,230 shares of the company’s stock worth $12,844,000 after acquiring an additional 99,505 shares during the last quarter. Finally, Barclays PLC grew its stake in AvePoint by 358.5% during the third 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 in the last quarter. 44.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on AVPT shares. Citigroup decreased their price target 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. William Blair reissued an “outperform” rating on shares of AvePoint in a research note on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $15.75.

Insider Activity at AvePoint

In related news, insider Brian Michael Brown sold 35,000 shares of the company’s stock in a transaction on Monday, March 24th. The stock was 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 in the company, valued at $20,746,033. This represents a 2.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 26.19% of the stock is currently owned by corporate insiders.

AvePoint Stock Down 6.7 %

AVPT opened at $13.33 on Friday. The stock’s fifty day moving average is $16.57 and its two-hundred day moving average is $15.70. The company has a market capitalization of $2.69 billion, a P/E ratio of -266.55 and a beta of 1.11. AvePoint, Inc. has a 52 week low of $7.62 and a 52 week high of $19.90.

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.