Schonfeld Strategic Advisors LLC Purchases New Position in AvePoint, Inc. (NASDAQ:AVPT)

Schonfeld Strategic Advisors LLC acquired a new position in shares of AvePoint, Inc. (NASDAQ:AVPT) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 125,233 shares of the company’s stock, valued at approximately $2,068,000. Schonfeld Strategic Advisors LLC owned about 0.07% of AvePoint as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in AVPT. Vanguard Group Inc. boosted its holdings in shares of AvePoint by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 15,280,202 shares of the company’s stock valued at $252,276,000 after acquiring an additional 150,885 shares during the period. Wellington Management Group LLP raised its holdings in shares of AvePoint by 56.9% in the fourth 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 during the last quarter. Geode Capital Management LLC boosted its stake in shares of AvePoint by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 2,850,268 shares of the company’s stock worth $47,067,000 after buying an additional 20,720 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of AvePoint by 566.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,678,403 shares of the company’s stock worth $44,220,000 after buying an additional 2,276,258 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in AvePoint by 7.9% in the 4th quarter. JPMorgan Chase & Co. now owns 1,657,804 shares of the company’s stock valued at $27,370,000 after acquiring an additional 121,144 shares during the period. 44.49% of the stock is owned by hedge funds and other institutional investors.

AvePoint Trading Down 0.2 %

Shares of AvePoint stock opened at $17.04 on Tuesday. The company has a 50-day moving average of $14.89 and a two-hundred day moving average of $16.23. The stock has a market cap of $3.44 billion, a PE ratio of -340.73 and a beta of 1.30. AvePoint, Inc. has a 12-month low of $8.06 and a 12-month high of $19.90.

Insider Activity

In other AvePoint news, insider Brian Michael Brown sold 35,000 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 1,347,145 shares in the company, valued at approximately $20,746,033. The trade was a 2.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 26.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AVPT. William Blair reissued an “outperform” rating on shares of AvePoint in a report on Tuesday, March 4th. Citigroup cut their price objective on shares of AvePoint from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Finally, Scotiabank assumed coverage on shares of AvePoint in a research note on Thursday, May 1st. They set a “sector outperform” rating and a $19.00 price target on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $16.40.

AvePoint 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.