US Bancorp DE Acquires 1,391 Shares of AvePoint, Inc. (NASDAQ:AVPT)

US Bancorp DE raised its holdings in AvePoint, Inc. (NASDAQ:AVPT) by 8.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,706 shares of the company’s stock after buying an additional 1,391 shares during the period. US Bancorp DE’s holdings in AvePoint were worth $220,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Smith Group Asset Management LLC increased its holdings in shares of AvePoint by 24.9% during the 3rd quarter. Smith Group Asset Management LLC now owns 53,304 shares of the company’s stock worth $627,000 after acquiring an additional 10,614 shares during the last quarter. Consolidated Portfolio Review Corp bought a new position in AvePoint during the third quarter worth $611,000. Creative Planning increased its holdings in shares of AvePoint by 19.1% in the third quarter. Creative Planning now owns 29,345 shares of the company’s stock valued at $345,000 after purchasing an additional 4,698 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of AvePoint in the second quarter valued at $258,000. Finally, Point72 Asset Management L.P. raised its position in shares of AvePoint by 27.8% in the second quarter. Point72 Asset Management L.P. now owns 61,600 shares of the company’s stock valued at $642,000 after purchasing an additional 13,400 shares during the period. 44.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on AVPT shares. Cantor Fitzgerald upped their price target on shares of AvePoint from $11.00 to $13.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. Northland Securities boosted their price objective on AvePoint from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Finally, The Goldman Sachs Group increased their target price on AvePoint from $7.50 to $15.00 and gave the stock a “neutral” rating in a research note on Tuesday. Two investment 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 company presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.20.

Insider Transactions at AvePoint

In other AvePoint news, CFO James Caci sold 30,000 shares of AvePoint stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $10.91, for a total value of $327,300.00. Following the completion of the transaction, the chief financial officer now directly owns 630,084 shares of the company’s stock, valued at $6,874,216.44. The trade was a 4.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Zhijian Lu sold 10,000 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $10.77, for a total value of $107,700.00. Following the sale, the insider now owns 18,460,673 shares of the company’s stock, valued at approximately $198,821,448.21. The trade was a 0.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 150,000 shares of company stock valued at $1,724,500. 27.78% of the stock is currently owned by company insiders.

AvePoint Stock Down 1.3 %

Shares of AvePoint stock opened at $15.82 on Friday. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of -316.34 and a beta of 0.88. AvePoint, Inc. has a twelve month low of $7.08 and a twelve month high of $16.50. The company has a 50-day simple moving average of $12.40 and a two-hundred day simple moving average of $10.76.

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.