AvePoint, Inc. (NASDAQ:AVPT) Shares Sold by Ingalls & Snyder LLC

Ingalls & Snyder LLC trimmed its holdings in shares of AvePoint, Inc. (NASDAQ:AVPT) by 8.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 181,110 shares of the company’s stock after selling 15,985 shares during the quarter. Ingalls & Snyder LLC owned approximately 0.10% of AvePoint worth $2,990,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AVPT. National Bank of Canada FI acquired a new position in shares of AvePoint during the 3rd quarter worth approximately $29,000. Heck Capital Advisors LLC acquired a new position in AvePoint in the 4th quarter valued at $29,000. R Squared Ltd acquired a new position in AvePoint in the 4th quarter valued at $45,000. Pacer Advisors Inc. raised its stake in AvePoint by 29.7% in the 4th quarter. Pacer Advisors Inc. now owns 4,409 shares of the company’s stock valued at $73,000 after purchasing an additional 1,010 shares during the last quarter. Finally, Balboa Wealth Partners acquired a new position in AvePoint in the 3rd quarter valued at $125,000. 44.49% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at AvePoint

In related news, CFO James Caci sold 20,215 shares of the firm’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 approximately $10,133,156.80. This trade represents a 3.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Zhijian Lu sold 10,000 shares of the firm’s 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 sale, the insider now directly owns 18,290,673 shares of the company’s stock, valued at $286,431,939.18. The trade was a 0.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,215 shares of company stock worth $673,881 in the last three months. 27.78% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on AVPT. The Goldman Sachs Group increased their price objective on AvePoint from $7.50 to $15.00 and gave the company a “neutral” rating in a research note on Tuesday, November 12th. Citigroup increased their price objective on AvePoint from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, AvePoint currently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

AvePoint Stock Down 0.7 %

Shares of NASDAQ:AVPT opened at $19.35 on Thursday. The business has a fifty day moving average of $17.88 and a two-hundred day moving average of $14.51. The stock has a market cap of $3.61 billion, a P/E ratio of -386.92 and a beta of 1.02. AvePoint, Inc. has a 52-week low of $7.08 and a 52-week high of $19.75.

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.