AvePoint, Inc. (NASDAQ:AVPT) Director Jeff Epstein Sells 500,000 Shares

AvePoint, Inc. (NASDAQ:AVPT) Director Jeff Epstein sold 500,000 shares of the company’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $18.77, for a total value of $9,385,000.00. Following the completion of the transaction, the director now directly owns 1,157,891 shares of the company’s stock, valued at $21,733,614.07. The trade was a 30.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

AvePoint Stock Performance

Shares of AVPT opened at $19.24 on Thursday. The stock has a 50 day moving average price of $16.58 and a 200 day moving average price of $16.99. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of -384.72 and a beta of 1.30. AvePoint, Inc. has a one year low of $8.93 and a one year high of $20.25.

Institutional Investors Weigh In On AvePoint

A number of large investors have recently modified their holdings of the business. Barclays PLC lifted its stake in shares of AvePoint by 358.5% in the third quarter. Barclays PLC now owns 206,358 shares of the company’s stock worth $2,428,000 after buying an additional 161,354 shares in the last quarter. Pacer Advisors Inc. lifted its stake in AvePoint by 29.7% in the 4th quarter. Pacer Advisors Inc. now owns 4,409 shares of the company’s stock worth $73,000 after purchasing an additional 1,010 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in shares of AvePoint during the 4th quarter worth approximately $29,000. Longboard Asset Management LP purchased a new stake in shares of AvePoint in the fourth quarter valued at approximately $188,000. Finally, Entropy Technologies LP increased its holdings in shares of AvePoint by 32.3% in the fourth quarter. Entropy Technologies LP now owns 17,616 shares of the company’s stock valued at $291,000 after purchasing an additional 4,300 shares during the last quarter. Hedge funds and other institutional investors own 44.49% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. The Goldman Sachs Group boosted their price objective on AvePoint from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Monday, May 12th. Citigroup dropped their price target on shares of AvePoint from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. William Blair restated an “outperform” rating on shares of AvePoint in a research report on Tuesday, March 4th. Finally, Scotiabank increased their price objective on shares of AvePoint from $19.00 to $22.00 and gave the company a “sector outperform” rating in a report on Friday, May 9th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.40.

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.