Zhijian Lu Sells 10,000 Shares of AvePoint, Inc. (NASDAQ:AVPT) Stock

Posted by Matthew Steigler on Nov 20th, 2024

AvePoint, Inc. (NASDAQ:AVPT – Get Free Report) major shareholder Zhijian Lu sold 10,000 shares of AvePoint stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $15.77, for a total transaction of $157,700.00. Following the completion of the sale, the insider now owns 18,310,673 shares in the company, valued at approximately $288,759,313.21. This represents a 0.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Zhijian Lu also recently made the following trade(s):

On Monday, November 18th, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $15.66, for a total value of $156,600.00.
On Monday, October 21st, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $12.10, for a total value of $121,000.00.
On Friday, October 18th, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $12.24, for a total transaction of $122,400.00.
On Wednesday, October 16th, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $12.24, for a total value of $122,400.00.
On Monday, October 14th, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $12.37, for a total transaction of $123,700.00.
On Monday, September 23rd, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $11.90, for a total value of $119,000.00.
On Friday, September 20th, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $11.94, for a total value of $119,400.00.
On Wednesday, September 18th, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $11.73, for a total transaction of $117,300.00.
On Monday, September 16th, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $11.91, for a total value of $119,100.00.
On Monday, August 26th, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $10.80, for a total transaction of $108,000.00.

AvePoint Stock Performance

Shares of AVPT stock opened at $16.57 on Wednesday. The firm has a fifty day moving average of $12.66 and a 200-day moving average of $10.97. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of -331.33 and a beta of 0.88. AvePoint, Inc. has a 52-week low of $7.08 and a 52-week high of $16.62.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. National Bank of Canada FI acquired a new stake in AvePoint during the third quarter valued at approximately $29,000. Canada Pension Plan Investment Board acquired a new stake in shares of AvePoint in the 2nd quarter valued at $83,000. Balboa Wealth Partners acquired a new stake in shares of AvePoint in the 3rd quarter valued at $125,000. Algert Global LLC bought a new stake in shares of AvePoint in the 2nd quarter worth about $116,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of AvePoint during the 3rd quarter worth about $171,000. Institutional investors and hedge funds own 44.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AVPT. Cantor Fitzgerald boosted their target price on AvePoint from $11.00 to $13.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. Northland Securities upped their target price on shares of AvePoint from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Finally, The Goldman Sachs Group raised their price target on shares of AvePoint from $7.50 to $15.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $13.20.

Check Out Our Latest Stock Analysis on AVPT

About AvePoint

(Get Free Report)

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.