AvePoint, Inc. (NASDAQ:AVPT – Get Free Report) major shareholder Zhijian Lu sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $11.91, for a total value of $119,100.00. Following the transaction, the insider now owns 18,430,673 shares in the company, valued at $219,509,315.43. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Zhijian Lu also recently made the following trade(s):
- On Wednesday, September 18th, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $11.73, for a total value of $117,300.00.
- On Monday, August 26th, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $10.80, for a total value of $108,000.00.
- On Friday, August 23rd, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $10.83, for a total value of $108,300.00.
- On Wednesday, August 21st, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $10.89, for a total value of $108,900.00.
- On Monday, August 19th, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $10.77, for a total value of $107,700.00.
AvePoint Stock Down 1.0 %
NASDAQ AVPT traded down $0.12 on Wednesday, reaching $11.66. The stock had a trading volume of 726,364 shares, compared to its average volume of 1,020,568. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of -145.75 and a beta of 0.89. AvePoint, Inc. has a 12-month low of $6.41 and a 12-month high of $12.09. The stock has a fifty day moving average price of $10.91 and a two-hundred day moving average price of $9.42.
Institutional Trading of AvePoint
A number of large investors have recently modified their holdings of AVPT. Canada Pension Plan Investment Board purchased a new stake in shares of AvePoint during the second quarter worth $83,000. Algert Global LLC purchased a new stake in shares of AvePoint during the second quarter worth $116,000. Bayesian Capital Management LP purchased a new stake in shares of AvePoint during the first quarter worth $130,000. SG Americas Securities LLC increased its position in shares of AvePoint by 44.2% during the first quarter. SG Americas Securities LLC now owns 16,727 shares of the company’s stock worth $132,000 after acquiring an additional 5,125 shares during the period. Finally, Quadrature Capital Ltd purchased a new stake in shares of AvePoint during the fourth quarter worth $148,000. Hedge funds and other institutional investors own 44.49% of the company’s stock.
Analyst Ratings Changes
A number of research firms recently commented on AVPT. Northland Securities upped their price objective on AvePoint from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Cantor Fitzgerald upped their price objective on AvePoint from $11.00 to $13.00 and gave the company an “overweight” rating in a report on Friday, August 9th.
Read Our Latest Report on AvePoint
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.
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