AvePoint (NASDAQ:AVPT) Chairman Sells $490,113.00 in Stock

AvePoint, Inc. (NASDAQ:AVPT) Chairman Xunkai Gong sold 31,950 shares of AvePoint stock in a transaction on Monday, September 29th. The shares were sold at an average price of $15.34, for a total transaction of $490,113.00. Following the transaction, the chairman owned 15,188,718 shares in the company, valued at $232,994,934.12. The trade was a 0.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Xunkai Gong also recently made the following trade(s):

• On Thursday, September 18th, Xunkai Gong sold 2,068,966 shares of AvePoint stock. The shares were sold at an average price of $15.21, for a total transaction of $31,468,972.86.

AvePoint Trading Down 1.6%

NASDAQ:AVPT opened at $15.01 on Wednesday. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of -300.14 and a beta of 1.40. The firm’s fifty day simple moving average is $16.23 and its 200 day simple moving average is $16.86. AvePoint, Inc. has a twelve month low of $11.43 and a twelve month high of $20.25.

Analysts Set New Price Targets

Several research firms recently weighed in on AVPT. B. Riley assumed coverage on shares of AvePoint in a report on Tuesday, August 26th. They set a “buy” rating and a $25.00 target price on the stock. Jefferies Financial Group assumed coverage on shares of AvePoint in a research note on Monday, July 21st. They set a “buy” rating and a $22.00 price target on the stock. DA Davidson assumed coverage on shares of AvePoint in a research note on Monday, September 22nd. They set a “buy” rating and a $20.00 price target on the stock. Cantor Fitzgerald raised shares of AvePoint to a “strong-buy” rating in a research note on Friday, July 25th. Finally, Citigroup dropped their price target on shares of AvePoint from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, August 18th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $20.67.

Institutional Investors Weigh In On AvePoint

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP increased its position in shares of AvePoint by 5.3% in the 1st quarter. Wellington Management Group LLP now owns 6,770,712 shares of the company’s stock worth $97,769,000 after purchasing an additional 340,509 shares during the last quarter. Invesco Ltd. increased its position in shares of AvePoint by 218.0% in the 2nd quarter. Invesco Ltd. now owns 5,335,882 shares of the company’s stock worth $103,036,000 after purchasing an additional 3,657,692 shares during the last quarter. Parsifal Capital Management LP increased its position in shares of AvePoint by 130.3% in the 1st quarter. Parsifal Capital Management LP now owns 5,080,742 shares of the company’s stock worth $73,366,000 after purchasing an additional 2,874,842 shares during the last quarter. Geode Capital Management LLC increased its position in shares of AvePoint by 6.1% in the 2nd quarter. Geode Capital Management LLC now owns 3,122,598 shares of the company’s stock worth $60,304,000 after purchasing an additional 179,694 shares during the last quarter. Finally, Jennison Associates LLC increased its position in shares of AvePoint by 37.0% in the 2nd quarter. Jennison Associates LLC now owns 2,908,473 shares of the company’s stock worth $56,163,000 after purchasing an additional 786,016 shares during the last quarter. Institutional investors own 44.49% of the company’s stock.

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.