Insider Selling: AvePoint, Inc. (NASDAQ:AVPT) CFO Sells 20,215 Shares of Stock

AvePoint, Inc. (NASDAQ:AVPT) CFO James Caci sold 20,215 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $17.12, for a total transaction of $346,080.80. Following the sale, the chief financial officer now directly owns 591,890 shares in the company, valued at approximately $10,133,156.80. This represents a 3.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

AvePoint Stock Up 0.4 %

Shares of AVPT traded up $0.08 during mid-day trading on Friday, reaching $18.38. 305,951 shares of the company’s stock were exchanged, compared to its average volume of 1,001,892. AvePoint, Inc. has a 52-week low of $7.08 and a 52-week high of $18.47. The company has a market cap of $3.43 billion, a price-to-earnings ratio of -365.43 and a beta of 0.88. The company has a 50-day simple moving average of $12.90 and a two-hundred day simple moving average of $11.07.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Cantor Fitzgerald boosted their price target on AvePoint from $11.00 to $13.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Northland Securities boosted their target price on AvePoint from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Finally, The Goldman Sachs Group upped their target price on AvePoint from $7.50 to $15.00 and gave the company a “neutral” rating in a 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.20.

Hedge Funds Weigh In On AvePoint

Several hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC lifted its position in shares of AvePoint by 44.2% in the first quarter. SG Americas Securities LLC now owns 16,727 shares of the company’s stock valued at $132,000 after acquiring an additional 5,125 shares in the last quarter. ProShare Advisors LLC lifted its holdings in AvePoint by 12.5% in the 1st quarter. ProShare Advisors LLC now owns 33,857 shares of the company’s stock valued at $268,000 after purchasing an additional 3,749 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of AvePoint by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 15,050,278 shares of the company’s stock worth $119,198,000 after purchasing an additional 532,371 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of AvePoint by 14.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 42,464 shares of the company’s stock worth $337,000 after purchasing an additional 5,316 shares during the last quarter. Finally, Bayesian Capital Management LP acquired a new stake in AvePoint during the first quarter worth approximately $130,000. Hedge funds and other institutional investors own 44.49% of the company’s stock.

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.