Ingalls & Snyder LLC Lowers Stock Holdings in AvePoint, Inc. (NASDAQ:AVPT)

Ingalls & Snyder LLC trimmed its position in shares of AvePoint, Inc. (NASDAQ:AVPT) by 8.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 181,110 shares of the company’s stock after selling 15,985 shares during the period. Ingalls & Snyder LLC’s holdings in AvePoint were worth $2,990,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Pacer Advisors Inc. boosted its stake in shares of AvePoint by 29.7% in the 4th quarter. Pacer Advisors Inc. now owns 4,409 shares of the company’s stock valued at $73,000 after buying an additional 1,010 shares during the period. US Bancorp DE boosted its stake in shares of AvePoint by 8.0% in the 3rd quarter. US Bancorp DE now owns 18,706 shares of the company’s stock valued at $220,000 after buying an additional 1,391 shares during the period. Heck Capital Advisors LLC purchased a new position in shares of AvePoint in the 4th quarter valued at about $29,000. Harbor Capital Advisors Inc. boosted its stake in shares of AvePoint by 1.8% in the 4th quarter. Harbor Capital Advisors Inc. now owns 121,358 shares of the company’s stock valued at $2,004,000 after buying an additional 2,112 shares during the period. Finally, National Bank of Canada FI purchased a new position in shares of AvePoint in the 3rd quarter valued at about $29,000. Hedge funds and other institutional investors own 44.49% of the company’s stock.

Insiders Place Their Bets

In other news, CFO James Caci sold 20,215 shares of the business’s 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 transaction, the chief financial officer now owns 591,890 shares of the company’s stock, valued at approximately $10,133,156.80. The trade was a 3.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Zhijian Lu sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $15.66, for a total value of $156,600.00. Following the completion of the transaction, the insider now directly 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 disclosure for this sale can be found here. Insiders have sold a total of 40,215 shares of company stock valued at $673,881 over the last quarter. Company insiders own 27.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AVPT shares. The Goldman Sachs Group boosted their target price on AvePoint from $7.50 to $15.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. Citigroup lifted their price target on AvePoint from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. 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, AvePoint currently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

AvePoint Stock Down 0.7 %

AVPT opened at $19.35 on Thursday. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of -386.92 and a beta of 1.02. AvePoint, Inc. has a 52 week low of $7.08 and a 52 week high of $19.75. The business’s 50 day moving average is $17.88 and its two-hundred day moving average is $14.51.

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.