AvePoint, Inc. (NASDAQ:AVPT) Stock Holdings Increased by Trexquant Investment LP

Trexquant Investment LP raised its holdings in shares of AvePoint, Inc. (NASDAQ:AVPT) by 78.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 588,859 shares of the company’s stock after buying an additional 258,029 shares during the period. Trexquant Investment LP’s holdings in AvePoint were worth $9,722,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AVPT. The Manufacturers Life Insurance Company grew its holdings in shares of AvePoint by 8.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 70,013 shares of the company’s stock worth $824,000 after acquiring an additional 5,352 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of AvePoint by 7.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 897,584 shares of the company’s stock valued at $10,565,000 after purchasing an additional 63,323 shares during the period. JPMorgan Chase & Co. increased its stake in AvePoint by 13.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,536,660 shares of the company’s stock worth $18,086,000 after purchasing an additional 184,361 shares in the last quarter. Ashford Capital Management Inc. raised its holdings in AvePoint by 10.0% during the 3rd quarter. Ashford Capital Management Inc. now owns 1,091,230 shares of the company’s stock worth $12,844,000 after buying an additional 99,505 shares during the period. Finally, Barclays PLC lifted its stake in AvePoint by 358.5% during the third quarter. Barclays PLC now owns 206,358 shares of the company’s stock valued at $2,428,000 after buying an additional 161,354 shares in the last quarter. Institutional investors and hedge funds own 44.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AVPT. Citigroup cut their price target on shares of AvePoint from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. William Blair reissued an “outperform” rating on shares of AvePoint in a research note on Tuesday, March 4th. Two investment 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 stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.75.

Insider Activity at AvePoint

In other AvePoint news, insider Brian Michael Brown sold 35,000 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $15.40, for a total value of $539,000.00. Following the transaction, the insider now owns 1,347,145 shares in the company, valued at $20,746,033. The trade was a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 26.19% of the stock is currently owned by insiders.

AvePoint Price Performance

Shares of AVPT opened at $15.12 on Thursday. The business’s 50-day moving average is $16.75 and its 200-day moving average is $15.70. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of -302.34 and a beta of 1.11. AvePoint, Inc. has a fifty-two week low of $7.60 and a fifty-two week high of $19.90.

AvePoint Company 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.