6 days Ago By ABMN Staff
Geode Capital Management LLC increased its position in shares of AvePoint, Inc. ( NASDAQ:AVPT – Free Report ) by 0.7% during the fourth quarter, HoldingsChannel reports.
The fund owned 2,850,268 shares of the company’s stock after buying an additional 20,720 shares during the quarter. Geode Capital Management LLC’s holdings in AvePoint were worth $47,067,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds have also bought and sold shares of AVPT.
Scalar Gauge Management LLC acquired a new position in shares of AvePoint in the fourth quarter valued at approximately $9,985,000. Wellington Management Group LLP lifted its holdings in shares of AvePoint by 56.9% during the fourth quarter.
Wellington Management Group LLP now owns 6,430,203 shares of the company’s stock worth $106,163,000 after purchasing an additional 2,332,813 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of AvePoint by 566.0% in the fourth quarter.
Arrowstreet Capital Limited Partnership now owns 2,678,403 shares of the company’s stock worth $44,220,000 after purchasing an additional 2,276,258 shares during the last quarter. Pictet Asset Management Holding SA increased its holdings in AvePoint by 16.0% in the fourth quarter.
Pictet Asset Management Holding SA now owns 15,183 shares of the company’s stock valued at $251,000 after purchasing an additional 2,089 shares during the period. Finally, Norges Bank bought a new position in AvePoint during the 4th quarter worth $9,158,000. Institutional investors and hedge funds own 44.
49% of the company’s stock. Analyst Upgrades and Downgrades A number of equities analysts recently commented on the company. William Blair reaffirmed an “outperform” rating on shares of AvePoint in a research note on Tuesday, March 4th.
Citigroup dropped their price target on shares of AvePoint from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th.
Two investment 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 stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.
75. Insider Activity at AvePoint In other news, insider Brian Michael Brown sold 35,000 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $15.
40, for a total value of $539,000.00. Following the completion of the sale, the insider now directly owns 1,347,145 shares of the company’s stock, valued at $20,746,033.
This represents 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 this hyperlink .
26.19% of the stock is currently owned by corporate insiders. AvePoint Trading Down 0.
2 % AVPT opened at $14.50 on Tuesday. The company has a fifty day moving average price of $15.
85 and a two-hundred day moving average price of $15.86. AvePoint, Inc.
has a 1-year low of $7.62 and a 1-year high of $19.90.
The company has a market cap of $2.93 billion, a P/E ratio of -289.94 and a beta of 1.
20. About AvePoint ( 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 More Want 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 ). Receive News & Ratings for AvePoint Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AvePoint and related companies with MarketBeat.com's FREE daily email newsletter .
.
