AvePoint, Inc. (NASDAQ:AVPT) Major Shareholder Sells $156,600.00 in Stock

Posted by Amy Steele on Nov 21st, 2024

AvePoint, Inc. (NASDAQ:AVPT – Get Free Report) major shareholder Zhijian Lu sold 10,000 shares of AvePoint stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $15.66, for a total value of $156,600.00. Following the transaction, the insider now owns 18,290,673 shares in the company, valued at approximately $286,431,939.18. The trade was a 0.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Zhijian Lu also recently made the following trade(s):

On Thursday, November 14th, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $15.77, for a total value of $157,700.00.
On Monday, October 21st, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $12.10, for a total transaction of $121,000.00.
On Friday, October 18th, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $12.24, for a total transaction of $122,400.00.
On Wednesday, October 16th, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $12.24, for a total transaction of $122,400.00.
On Monday, October 14th, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $12.37, for a total value of $123,700.00.
On Monday, September 23rd, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $11.90, for a total value of $119,000.00.
On Friday, September 20th, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $11.94, for a total value of $119,400.00.
On Wednesday, September 18th, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $11.73, for a total transaction of $117,300.00.
On Monday, September 16th, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $11.91, for a total transaction of $119,100.00.
On Monday, August 26th, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $10.80, for a total transaction of $108,000.00.

AvePoint Stock Up 5.6 %

Shares of AVPT stock opened at $17.50 on Thursday. The firm has a 50 day moving average of $12.77 and a two-hundred day moving average of $11.02. The stock has a market capitalization of $3.27 billion, a PE ratio of -350.00 and a beta of 0.88. AvePoint, Inc. has a 52 week low of $7.08 and a 52 week high of $17.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AVPT. Wellington Management Group LLP acquired a new stake in AvePoint in the 3rd quarter valued at about $48,226,000. Driehaus Capital Management LLC acquired a new stake in AvePoint in the second quarter valued at approximately $17,305,000. Vanguard Group Inc. raised its holdings in AvePoint by 3.7% in the first quarter. Vanguard Group Inc. now owns 15,050,278 shares of the company’s stock valued at $119,198,000 after acquiring an additional 532,371 shares in the last quarter. Cubist Systematic Strategies LLC lifted its stake in AvePoint by 2,948.0% in the second quarter. Cubist Systematic Strategies LLC now owns 550,350 shares of the company’s stock worth $5,735,000 after acquiring an additional 532,294 shares during the last quarter. Finally, Squarepoint Ops LLC grew its holdings in AvePoint by 198.2% during the 2nd quarter. Squarepoint Ops LLC now owns 519,642 shares of the company’s stock worth $5,415,000 after acquiring an additional 345,370 shares in the last quarter. 44.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on AVPT shares. Cantor Fitzgerald lifted their target price on shares of AvePoint from $11.00 to $13.00 and gave the company an “overweight” rating in a report on Friday, August 9th. The Goldman Sachs Group lifted their price objective on AvePoint from $7.50 to $15.00 and gave the company a “neutral” rating in a research note on Tuesday, November 12th. Finally, Northland Securities increased their target price on AvePoint from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $13.20.

Check Out Our Latest Research Report on AvePoint

About AvePoint

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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.