Bayesian Capital Management LP Makes New Investment in AvePoint, Inc. (NASDAQ:AVPT)

Bayesian Capital Management LP acquired a new position in shares of AvePoint, Inc. (NASDAQ:AVPT) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,417 shares of the company’s stock, valued at approximately $130,000.

Several other institutional investors have also recently bought and sold shares of AVPT. Harvest Fund Management Co. Ltd bought a new position in shares of AvePoint during the fourth quarter valued at about $47,000. SG Americas Securities LLC lifted its position in shares of AvePoint by 44.2% during the first quarter. SG Americas Securities LLC now owns 16,727 shares of the company’s stock valued at $132,000 after purchasing an additional 5,125 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of AvePoint during the fourth quarter valued at about $148,000. Dynamic Technology Lab Private Ltd bought a new position in shares of AvePoint during the fourth quarter valued at about $158,000. Finally, Moran Wealth Management LLC bought a new position in shares of AvePoint during the fourth quarter valued at about $213,000. Institutional investors and hedge funds own 44.49% of the company’s stock.

AvePoint Stock Down 1.2 %

Shares of AVPT stock opened at $10.77 on Friday. AvePoint, Inc. has a 52 week low of $5.74 and a 52 week high of $11.07. The firm’s 50-day simple moving average is $9.97 and its two-hundred day simple moving average is $8.68.

AvePoint (NASDAQ:AVPT) last posted its earnings results on Thursday, May 9th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.04. The firm had revenue of $74.53 million during the quarter, compared to the consensus estimate of $72.33 million. AvePoint had a negative net margin of 4.91% and a negative return on equity of 6.56%. The company’s revenue was up 25.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.05) earnings per share. Research analysts expect that AvePoint, Inc. will post -0.05 earnings per share for the current year.

Insider Transactions at AvePoint

In other news, insider Brian Michael Brown sold 20,000 shares of AvePoint stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $10.78, for a total value of $215,600.00. Following the completion of the transaction, the insider now owns 1,277,373 shares in the company, valued at $13,770,080.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO James Caci sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $9.04, for a total transaction of $361,600.00. Following the completion of the transaction, the chief financial officer now owns 665,097 shares of the company’s stock, valued at $6,012,476.88. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Brian Michael Brown sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $10.78, for a total transaction of $215,600.00. Following the transaction, the insider now directly owns 1,277,373 shares of the company’s stock, valued at approximately $13,770,080.94. The disclosure for this sale can be found here. Insiders sold 100,000 shares of company stock worth $965,600 over the last quarter. Corporate insiders own 27.78% of the company’s stock.

Analyst Ratings Changes

Separately, Northland Securities lifted their price objective on shares of AvePoint from $12.00 to $18.00 and gave the stock an “outperform” rating in a research report on Monday, June 17th.

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.