Consolidated Portfolio Review Corp Sells 1,693 Shares of AvePoint, Inc. (NASDAQ:AVPT)

Consolidated Portfolio Review Corp lessened its holdings in AvePoint, Inc. (NASDAQ:AVPT) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,249 shares of the company’s stock after selling 1,693 shares during the period. Consolidated Portfolio Review Corp’s holdings in AvePoint were worth $830,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. National Bank of Canada FI bought a new stake in shares of AvePoint in the 3rd quarter worth about $29,000. Heck Capital Advisors LLC purchased a new position in AvePoint in the fourth quarter worth about $29,000. R Squared Ltd bought a new stake in AvePoint during the fourth quarter worth approximately $45,000. Pacer Advisors Inc. raised its position in AvePoint by 29.7% during the fourth quarter. Pacer Advisors Inc. now owns 4,409 shares of the company’s stock valued at $73,000 after purchasing an additional 1,010 shares during the period. Finally, Algert Global LLC bought a new stake in shares of AvePoint in the 2nd quarter valued at approximately $116,000. Hedge funds and other institutional investors own 44.49% of the company’s stock.

Insider Buying and Selling at AvePoint

In other news, major shareholder Zhijian Lu sold 10,000 shares of AvePoint stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $15.66, for a total transaction of $156,600.00. Following the completion of the sale, the insider now owns 18,290,673 shares of the company’s stock, valued at approximately $286,431,939.18. The trade was a 0.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO James Caci sold 20,215 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $17.12, for a total value of $346,080.80. Following the completion of the transaction, the chief financial officer now directly owns 591,890 shares in the company, 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 50,215 shares of company stock valued at $831,581 in the last quarter. 27.78% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AVPT. Citigroup boosted their target price on AvePoint from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. 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 report on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $15.00.

AvePoint Stock Performance

AVPT opened at $19.31 on Friday. AvePoint, Inc. has a one year low of $7.08 and a one year high of $19.48. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of -386.12 and a beta of 1.02. The stock’s 50 day moving average price is $17.81 and its 200-day moving average price is $14.30.

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.