26,840 Shares in AvePoint, Inc. (NASDAQ:AVPT) Purchased by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC bought a new stake in shares of AvePoint, Inc. (NASDAQ:AVPT) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 26,840 shares of the company’s stock, valued at approximately $443,000.

Other hedge funds have also recently bought and sold shares of the company. Global Retirement Partners LLC purchased a new stake in AvePoint in the 4th quarter worth approximately $25,000. Heck Capital Advisors LLC acquired a new position in AvePoint in the 4th quarter worth about $29,000. National Bank of Canada FI acquired a new position in AvePoint in the 3rd quarter worth about $29,000. R Squared Ltd acquired a new position in AvePoint in the 4th quarter worth about $45,000. Finally, Principal Securities Inc. increased its position in AvePoint by 12,961.9% in the 4th quarter. Principal Securities Inc. now owns 2,743 shares of the company’s stock worth $45,000 after purchasing an additional 2,722 shares during the last quarter. 44.49% of the stock is owned by hedge funds and other institutional investors.

AvePoint Trading Up 0.6 %

Shares of AVPT stock opened at $14.75 on Tuesday. The stock has a 50 day moving average of $17.23 and a two-hundred day moving average of $15.45. AvePoint, Inc. has a 12 month low of $7.44 and a 12 month high of $19.90. The company has a market capitalization of $2.98 billion, a P/E ratio of -294.94 and a beta of 1.11.

Wall Street Analyst Weigh In

AVPT has been the subject of several recent analyst reports. William Blair reiterated an “outperform” rating on shares of AvePoint in a research note on Tuesday, March 4th. Citigroup decreased their price target on AvePoint from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, AvePoint presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.75.

AvePoint Company 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.