Insider Selling: AvePoint, Inc. (NASDAQ:AVPT) Insider Sells $528,850.00 in Stock

AvePoint, Inc. (NASDAQ:AVPT) insider Brian Michael Brown sold 35,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $15.11, for a total value of $528,850.00. Following the transaction, the insider now directly owns 1,312,145 shares of the company’s stock, valued at $19,826,510.95. The trade was a 2.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Brian Michael Brown also recently made the following trade(s):

• On Monday, March 24th, Brian Michael Brown sold 35,000 shares of AvePoint stock. The shares were sold at an average price of $15.40, for a total value of $539,000.00.

AvePoint Stock Performance

Shares of NASDAQ:AVPT opened at $16.07 on Monday. AvePoint, Inc. has a 52-week low of $7.77 and a 52-week high of $19.90. The firm has a market capitalization of $3.24 billion, a P/E ratio of -321.34 and a beta of 1.20. The stock has a 50 day moving average price of $15.02 and a 200-day moving average price of $16.05.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in AvePoint by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 15,280,202 shares of the company’s stock valued at $252,276,000 after buying an additional 150,885 shares in the last quarter. Wellington Management Group LLP increased its position in AvePoint by 56.9% during the 4th quarter. Wellington Management Group LLP now owns 6,430,203 shares of the company’s stock valued at $106,163,000 after buying an additional 2,332,813 shares in the last quarter. Geode Capital Management LLC increased its position in AvePoint by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,850,268 shares of the company’s stock valued at $47,067,000 after buying an additional 20,720 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in AvePoint by 566.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,678,403 shares of the company’s stock valued at $44,220,000 after buying an additional 2,276,258 shares in the last quarter. Finally, Parsifal Capital Management LP bought a new position in AvePoint during the 4th quarter valued at approximately $36,419,000. Institutional investors own 44.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AVPT shares. Citigroup lowered their price target on AvePoint from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. William Blair reaffirmed an “outperform” rating on shares of AvePoint in a research report on Tuesday, March 4th. 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $15.75.

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.