AvePoint, Inc. (NASDAQ:AVPT) CFO Sells $346,080.80 in Stock

AvePoint, Inc. (NASDAQ:AVPT) CFO James Caci sold 20,215 shares of the company’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 completion of the sale, the chief financial officer now directly owns 591,890 shares of the company’s stock, valued at $10,133,156.80. The trade was a 3.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

AvePoint Trading Up 4.4 %

Shares of AVPT stock traded up $0.77 during trading on Thursday, reaching $18.28. 1,673,925 shares of the company’s stock traded hands, compared to its average volume of 1,004,806. The company has a market capitalization of $3.41 billion, a P/E ratio of -365.43 and a beta of 0.88. The firm’s 50-day moving average is $12.90 and its 200 day moving average is $11.07. AvePoint, Inc. has a 1 year low of $7.08 and a 1 year high of $18.33.

Institutional Trading of AvePoint

A number of institutional investors have recently modified their holdings of AVPT. US Bancorp DE lifted its stake in AvePoint by 8.0% in the 3rd quarter. US Bancorp DE now owns 18,706 shares of the company’s stock worth $220,000 after purchasing an additional 1,391 shares in the last quarter. National Bank of Canada FI purchased a new stake in AvePoint in the 3rd quarter worth approximately $29,000. Cerity Partners LLC lifted its stake in AvePoint by 6.6% in the 3rd quarter. Cerity Partners LLC now owns 41,499 shares of the company’s stock worth $488,000 after purchasing an additional 2,571 shares in the last quarter. ProShare Advisors LLC lifted its stake in AvePoint by 12.5% in the 1st quarter. ProShare Advisors LLC now owns 33,857 shares of the company’s stock worth $268,000 after purchasing an additional 3,749 shares in the last quarter. Finally, Creative Planning lifted its stake in AvePoint by 19.1% in the 3rd quarter. Creative Planning now owns 29,345 shares of the company’s stock worth $345,000 after purchasing an additional 4,698 shares in the last quarter. 44.49% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on AVPT. Northland Securities upped their price objective on shares of AvePoint from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Cantor Fitzgerald increased their target price on shares of AvePoint from $11.00 to $13.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. Finally, The Goldman Sachs Group increased their target price on shares of AvePoint from $7.50 to $15.00 and gave the company a “neutral” rating in a research report on Tuesday, November 12th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.20.

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.