AvePoint, Inc. (NASDAQ:AVPT) Shares Sold by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC lessened its position in AvePoint, Inc. (NASDAQ:AVPT) by 20.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 535,973 shares of the company’s stock after selling 137,519 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.29% of AvePoint worth $8,849,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. increased its stake in shares of AvePoint by 29.7% in the fourth quarter. Pacer Advisors Inc. now owns 4,409 shares of the company’s stock valued at $73,000 after purchasing an additional 1,010 shares during the period. Summit Investment Advisors Inc. grew its holdings in AvePoint by 8.4% during the fourth quarter. Summit Investment Advisors Inc. now owns 13,475 shares of the company’s stock worth $222,000 after acquiring an additional 1,042 shares during the period. Moran Wealth Management LLC raised its position in AvePoint by 2.2% in the fourth quarter. Moran Wealth Management LLC now owns 49,571 shares of the company’s stock worth $818,000 after acquiring an additional 1,083 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in AvePoint in the 4th quarter valued at about $25,000. Finally, Blair William & Co. IL boosted its position in shares of AvePoint by 24.7% during the 4th quarter. Blair William & Co. IL now owns 7,563 shares of the company’s stock valued at $125,000 after purchasing an additional 1,500 shares in the last quarter. 44.49% of the stock is currently owned by institutional investors.

AvePoint Trading Up 1.4 %

NASDAQ:AVPT opened at $17.21 on Thursday. The business’s fifty day moving average price is $14.93 and its 200 day moving average price is $16.24. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of -344.03 and a beta of 1.30. AvePoint, Inc. has a 1-year low of $8.06 and a 1-year high of $19.90.

Insider Activity

In other AvePoint news, 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 owns 1,312,145 shares in the company, valued at approximately $19,826,510.95. This represents a 2.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 26.19% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

AVPT has been the topic of a number of recent research reports. Scotiabank began coverage on AvePoint in a report on Thursday, May 1st. They issued a “sector outperform” rating and a $19.00 target price on the stock. William Blair reissued an “outperform” rating on shares of AvePoint in a research note on Tuesday, March 4th. Finally, Citigroup reduced their price objective on shares of AvePoint from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.40.

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.