2 weeks Ago By Defense World Staff
Wells Fargo & Company MN boosted its stake in shares of AvePoint, Inc. (NASDAQ:AVPT – Free Report) by 25.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The firm owned 123,506 shares of the company’s stock after purchasing an additional 25,027 shares during the quarter. Wells Fargo & Company MN owned approximately 0.07% of AvePoint worth $2,039,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new position in shares of AvePoint during the fourth quarter worth about $25,000. Heck Capital Advisors LLC acquired a new stake in shares of AvePoint in the fourth quarter valued at approximately $29,000.
R Squared Ltd bought a new stake in shares of AvePoint during the fourth quarter valued at approximately $45,000. Principal Securities Inc. boosted its position in shares of AvePoint by 12,961.
9% during the fourth quarter. Principal Securities Inc. now owns 2,743 shares of the company’s stock worth $45,000 after buying an additional 2,722 shares during the period.
Finally, Pacer Advisors Inc. grew its holdings in AvePoint by 29.7% in the 4th quarter.
Pacer Advisors Inc. now owns 4,409 shares of the company’s stock worth $73,000 after buying an additional 1,010 shares in the last quarter. 44.
49% of the stock is currently owned by institutional investors. AvePoint Stock Up 2.0 %NASDAQ:AVPT opened at $16.
07 on Friday. AvePoint, Inc. has a 52-week low of $7.
77 and a 52-week high of $19.90. The firm has a market cap of $3.
24 billion, a P/E ratio of -321.34 and a beta of 1.20.
The business’s 50-day moving average price is $15.02 and its 200 day moving average price is $16.00.
Analyst Upgrades and DowngradesA number of brokerages have issued reports on AVPT. William Blair reiterated an “outperform” rating on shares of AvePoint in a research report on Tuesday, March 4th. Citigroup lowered their target price 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. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock.
According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $15.75.
Get Our Latest Stock Analysis on AvePointInsider Buying and SellingIn related news, insider Brian Michael Brown sold 35,000 shares of AvePoint stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $15.11, for a total value of $528,850.
00. Following the transaction, the insider now owns 1,312,145 shares of the company’s stock, valued at approximately $19,826,510.95.
This trade represents a 2.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Insiders own 26.19% of the company’s stock. AvePoint Profile (Free Report)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.Read MoreFive stocks we like better than AvePointHow to Find Undervalued StocksShort Sellers Gave Up on These 3 Names RecentlyDo ETFs Pay Dividends? What You Need to Know3 Boring Stocks Outperforming the Market This YearHow to Buy Cheap Stocks Step by StepIf You Wanted To Buy AbbVie and Didn’t, There’s Still Time To BuyWant to see what other hedge funds are holding AVPT? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for AvePoint, Inc. (NASDAQ:AVPT – Free Report)..
