AvePoint, Inc. (NASDAQ:AVPT) Shares Sold by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC lessened its stake in AvePoint, Inc. (NASDAQ:AVPT) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 341,361 shares of the company’s stock after selling 3,349 shares during the period. Silvercrest Asset Management Group LLC owned 0.18% of AvePoint worth $5,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Barclays PLC increased its position in shares of AvePoint by 358.5% during the third quarter. Barclays PLC now owns 206,358 shares of the company’s stock worth $2,428,000 after purchasing an additional 161,354 shares in the last quarter. Pacer Advisors Inc. increased its position in AvePoint by 29.7% during the fourth quarter. Pacer Advisors Inc. now owns 4,409 shares of the company’s stock worth $73,000 after buying an additional 1,010 shares during the period. Raymond James Financial Inc. acquired a new position in AvePoint during the fourth quarter worth approximately $18,067,000. Northern Trust Corp lifted its stake in AvePoint by 9.4% in the fourth quarter. Northern Trust Corp now owns 1,160,554 shares of the company’s stock valued at $19,161,000 after buying an additional 99,725 shares during the last quarter. Finally, Summit Investment Advisors Inc. boosted its holdings in shares of AvePoint by 8.4% in the fourth quarter. Summit Investment Advisors Inc. now owns 13,475 shares of the company’s stock valued at $222,000 after acquiring an additional 1,042 shares during the period. Institutional investors and hedge funds own 44.49% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on AVPT shares. Scotiabank upped their price target on shares of AvePoint from $19.00 to $22.00 and gave the company a “sector outperform” rating in a research report on Friday, May 9th. Citigroup reduced their target price on shares of AvePoint from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. The Goldman Sachs Group raised their price target on AvePoint from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Monday, May 12th. Finally, William Blair restated an “outperform” rating on shares of AvePoint in a research report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $17.40.

AvePoint Stock Performance

Shares of AVPT opened at $19.38 on Monday. The stock has a market capitalization of $3.91 billion, a P/E ratio of -387.52 and a beta of 1.30. AvePoint, Inc. has a 1 year low of $8.87 and a 1 year high of $20.25. The company’s fifty day moving average is $15.59 and its two-hundred day moving average is $16.64.

Insider Activity

In other news, insider Brian Michael Brown sold 35,000 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $15.40, for a total transaction of $539,000.00. Following the completion of the transaction, the insider now directly owns 1,347,145 shares of the company’s stock, valued at approximately $20,746,033. This represents a 2.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 26.19% of the company’s stock.

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.