AvePoint, Inc. (NASDAQ:AVPT) Shares Purchased by Trexquant Investment LP

Trexquant Investment LP lifted its holdings in AvePoint, Inc. (NASDAQ:AVPT) by 78.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 588,859 shares of the company’s stock after acquiring an additional 258,029 shares during the period. Trexquant Investment LP owned approximately 0.32% of AvePoint worth $9,722,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Global Retirement Partners LLC acquired a new stake in AvePoint in the 4th quarter valued at $25,000. National Bank of Canada FI acquired a new stake in shares of AvePoint in the third quarter valued at about $29,000. Heck Capital Advisors LLC purchased a new stake in shares of AvePoint during the 4th quarter valued at about $29,000. R Squared Ltd acquired a new position in AvePoint during the 4th quarter worth approximately $45,000. Finally, Principal Securities Inc. grew its position in AvePoint by 12,961.9% in the fourth quarter. Principal Securities Inc. now owns 2,743 shares of the company’s stock valued at $45,000 after acquiring an additional 2,722 shares in the last quarter. Hedge funds and other institutional investors own 44.49% of the company’s stock.

AvePoint Trading Up 2.4 %

AVPT stock opened at $15.12 on Thursday. The firm has a 50 day simple moving average of $16.75 and a 200-day simple moving average of $15.70. The company has a market capitalization of $3.05 billion, a P/E ratio of -302.34 and a beta of 1.11. AvePoint, Inc. has a twelve month low of $7.60 and a twelve month high of $19.90.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Citigroup reduced their target price on shares of AvePoint from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. William Blair reiterated an “outperform” rating on shares of AvePoint in a report on Tuesday, March 4th. 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, the company has an average rating of “Moderate Buy” and an average target price of $15.75.

Insiders Place Their Bets

In other news, insider Brian Michael Brown sold 35,000 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $15.40, for a total value of $539,000.00. Following the sale, the insider now owns 1,347,145 shares in the company, valued at approximately $20,746,033. This represents a 2.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 26.19% of the stock is owned by company insiders.

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.