AvePoint, Inc. (NASDAQ:AVPT - Get Free Report) insider Brian Michael Brown sold 35,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $15.11, for a total value of $528,850.00. Following the completion of the sale, the insider now directly owns 1,312,145 shares of the company's stock, valued at $19,826,510.95. This trade represents a 2.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Brian Michael Brown also recently made the following trade(s):
- On Monday, March 24th, Brian Michael Brown sold 35,000 shares of AvePoint stock. The stock was sold at an average price of $15.40, for a total value of $539,000.00.
AvePoint Trading Up 2.0 %
NASDAQ AVPT opened at $16.07 on Friday. The business has a fifty day simple moving average of $15.02 and a 200 day simple moving average of $16.00. AvePoint, Inc. has a 12 month low of $7.77 and a 12 month high of $19.90. The firm has a market capitalization of $3.24 billion, a P/E ratio of -321.34 and a beta of 1.20.
Institutional Trading of AvePoint
Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in AvePoint by 13.6% during the third quarter. JPMorgan Chase & Co. now owns 1,536,660 shares of the company's stock worth $18,086,000 after purchasing an additional 184,361 shares during the last quarter. Barclays PLC grew its holdings in shares of AvePoint by 358.5% in the third quarter. Barclays PLC now owns 206,358 shares of the company's stock valued at $2,428,000 after acquiring an additional 161,354 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of AvePoint by 29.7% in the fourth quarter. Pacer Advisors Inc. now owns 4,409 shares of the company's stock valued at $73,000 after acquiring an additional 1,010 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of AvePoint during the fourth quarter valued at approximately $18,067,000. Finally, Principal Securities Inc. lifted its holdings in AvePoint by 12,961.9% during the fourth quarter. Principal Securities Inc. now owns 2,743 shares of the company's stock worth $45,000 after acquiring an additional 2,722 shares during the period. Institutional investors own 44.49% of the company's stock.
Analysts Set New Price Targets
Several research analysts have weighed in on AVPT shares. William Blair restated an "outperform" rating on shares of AvePoint in a report on Tuesday, March 4th. Citigroup lowered their target price on shares of AvePoint from $18.00 to $16.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $15.75.
View Our Latest Report on AvePoint
About AvePoint
(
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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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