Millennium Management LLC grew its position in shares of AvePoint, Inc. (NASDAQ:AVPT – Free Report) by 33.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 641,862 shares of the company’s stock after purchasing an additional 161,759 shares during the period. Millennium Management LLC owned approximately 0.35% of AvePoint worth $6,688,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board purchased a new stake in shares of AvePoint in the 2nd quarter valued at $83,000. Bayesian Capital Management LP purchased a new stake in AvePoint during the first quarter worth about $130,000. SG Americas Securities LLC increased its stake in 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 purchasing an additional 5,125 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of AvePoint during the fourth quarter worth about $148,000. Finally, nVerses Capital LLC purchased a new position in shares of AvePoint in the second quarter valued at approximately $173,000. 44.49% of the stock is currently owned by institutional investors and hedge funds.
AvePoint Stock Up 0.6 %
AVPT stock opened at $12.41 on Friday. The business has a 50 day moving average price of $11.32 and a 200 day moving average price of $9.88. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of -155.13 and a beta of 0.89. AvePoint, Inc. has a fifty-two week low of $6.96 and a fifty-two week high of $12.46.
Analyst Upgrades and Downgrades
AVPT has been the topic of a number of research reports. Northland Securities increased their target price on shares of AvePoint from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Cantor Fitzgerald raised their price objective on shares of AvePoint from $11.00 to $13.00 and gave the company an “overweight” rating in a report on Friday, August 9th.
View Our Latest Stock Report on AvePoint
Insider Activity at AvePoint
In other AvePoint news, insider Brian Michael Brown sold 20,000 shares of AvePoint stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $10.78, for a total value of $215,600.00. Following the transaction, the insider now directly owns 1,277,373 shares in the company, valued at approximately $13,770,080.94. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Brian Michael Brown sold 20,000 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $10.78, for a total transaction of $215,600.00. Following the completion of the sale, the insider now directly owns 1,277,373 shares of the company’s stock, valued at $13,770,080.94. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Zhijian Lu sold 10,000 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $10.89, for a total transaction of $108,900.00. Following the completion of the transaction, the insider now directly owns 18,440,673 shares in the company, valued at $200,818,928.97. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 130,000 shares of company stock valued at $1,450,600 in the last three months. 27.78% of the stock is currently owned by company insiders.
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.
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