UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stock Holdings in AvePoint, Inc. (NASDAQ:AVPT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of AvePoint, Inc. (NASDAQ:AVPT) by 10.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 232,685 shares of the company’s stock after selling 26,004 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.12% of AvePoint worth $2,739,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board acquired a new position in shares of AvePoint during the 2nd quarter valued at about $83,000. Algert Global LLC purchased a new stake in AvePoint in the second quarter valued at approximately $116,000. Balboa Wealth Partners acquired a new position in AvePoint during the third quarter worth approximately $125,000. nVerses Capital LLC purchased a new position in AvePoint during the second quarter worth approximately $173,000. Finally, US Bancorp DE raised its stake in AvePoint by 8.0% during the third quarter. US Bancorp DE now owns 18,706 shares of the company’s stock worth $220,000 after purchasing an additional 1,391 shares during the period. 44.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, The Goldman Sachs Group boosted their price objective on shares of AvePoint from $7.50 to $15.00 and gave the company a “neutral” rating in a research note on Tuesday, November 12th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $13.20.

Insider Buying and Selling at AvePoint

In other news, major shareholder Zhijian Lu sold 10,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $11.91, for a total value of $119,100.00. Following the completion of the sale, the insider now owns 18,430,673 shares of the company’s stock, valued at $219,509,315.43. This represents a 0.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO James Caci sold 20,215 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $17.12, for a total value of $346,080.80. Following the completion of the sale, the chief financial officer now owns 591,890 shares of the company’s stock, valued at approximately $10,133,156.80. This trade represents a 3.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 130,215 shares of company stock valued at $1,795,881 over the last ninety days. Corporate insiders own 27.78% of the company’s stock.

AvePoint Stock Performance

Shares of NASDAQ:AVPT opened at $18.37 on Friday. The stock has a 50-day simple moving average of $15.00 and a 200-day simple moving average of $12.16. The stock has a market capitalization of $3.43 billion, a P/E ratio of -367.30 and a beta of 1.00. AvePoint, Inc. has a 1 year low of $7.08 and a 1 year high of $19.16.

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.