AvePoint, Inc. (NASDAQ:AVPT - Get Free Report) major shareholder Zhijian Lu sold 10,000 shares of AvePoint stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $15.66, for a total value of $156,600.00. Following the completion of the transaction, the insider now owns 18,290,673 shares in the company, valued at approximately $286,431,939.18. This represents a 0.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Zhijian Lu also recently made the following trade(s):
- On Thursday, November 14th, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $15.77, for a total value of $157,700.00.
- 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 transaction 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 shares were sold at an average price of $11.90, for a total transaction of $119,000.00.
- On Friday, September 20th, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was 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 value 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 stock was sold at an average price of $10.80, for a total value of $108,000.00.
AvePoint Price Performance
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Shares of AvePoint stock opened at $15.74 on Tuesday. AvePoint, Inc. has a 1 year low of $7.08 and a 1 year high of $16.50. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of -314.74 and a beta of 0.88. The company has a 50-day moving average of $12.56 and a 200 day moving average of $10.91.
Wall Street Analysts Forecast Growth
Several research analysts have commented on AVPT shares. The Goldman Sachs Group upped their price objective on shares of AvePoint from $7.50 to $15.00 and gave the stock a "neutral" rating in a report on Tuesday, November 12th. Northland Securities increased their price target on shares of AvePoint from $18.00 to $19.00 and gave the stock an "outperform" rating in a research note on Friday, August 9th. Finally, Cantor Fitzgerald upped 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. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $13.20.
Get Our Latest Stock Report on AVPT
Hedge Funds Weigh In On AvePoint
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP bought a new stake in shares of AvePoint in the 3rd quarter worth approximately $48,226,000. Driehaus Capital Management LLC purchased a new position in AvePoint during the second quarter valued at $17,305,000. Vanguard Group Inc. boosted its holdings in AvePoint by 3.7% in the first quarter. Vanguard Group Inc. now owns 15,050,278 shares of the company's stock worth $119,198,000 after acquiring an additional 532,371 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of AvePoint by 2,948.0% in the second quarter. Cubist Systematic Strategies LLC now owns 550,350 shares of the company's stock worth $5,735,000 after acquiring an additional 532,294 shares during the last quarter. Finally, Squarepoint Ops LLC increased its holdings in shares of AvePoint by 198.2% during the second quarter. Squarepoint Ops LLC now owns 519,642 shares of the company's stock valued at $5,415,000 after acquiring an additional 345,370 shares in the last quarter. Institutional investors own 44.49% of the company's stock.
AvePoint Company Profile
(
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.
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