AvePoint, Inc. (NASDAQ:AVPT) CFO Sells $346,080.80 in Stock

AvePoint, Inc. (NASDAQ:AVPT) CFO James Caci sold 20,215 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $17.12, for a total transaction of $346,080.80. Following the completion of the sale, the chief financial officer now owns 591,890 shares in the company, valued at $10,133,156.80. This represents a 3.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

AvePoint Stock Up 4.4 %

Shares of AVPT stock traded up $0.77 during trading hours on Thursday, hitting $18.28. 1,673,925 shares of the company’s stock traded hands, compared to its average volume of 1,004,806. The stock’s 50 day simple moving average is $12.90 and its 200 day simple moving average is $11.07. The stock has a market cap of $3.41 billion, a PE ratio of -365.43 and a beta of 0.88. AvePoint, Inc. has a 12 month low of $7.08 and a 12 month high of $18.33.

Hedge Funds Weigh In On AvePoint

Several large investors have recently modified their holdings of the business. Millennium Management LLC raised its stake in AvePoint by 33.7% during the second quarter. Millennium Management LLC now owns 641,862 shares of the company’s stock worth $6,688,000 after buying an additional 161,759 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in AvePoint in the third quarter worth $1,404,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of AvePoint during the second quarter valued at about $548,000. Lisanti Capital Growth LLC acquired a new position in shares of AvePoint during the third quarter valued at about $1,424,000. Finally, Sei Investments Co. acquired a new position in shares of AvePoint during the second quarter valued at about $1,503,000. Institutional investors own 44.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on AVPT shares. The Goldman Sachs Group raised their target price 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. Cantor Fitzgerald raised their target price on shares of AvePoint from $11.00 to $13.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. Finally, Northland Securities raised their target price on shares of AvePoint from $18.00 to $19.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.20.

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.