Consolidated Portfolio Review Corp Trims Holdings in AvePoint, Inc. (NASDAQ:AVPT)

Consolidated Portfolio Review Corp reduced its holdings in shares of AvePoint, Inc. (NASDAQ:AVPT) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,249 shares of the company’s stock after selling 1,693 shares during the period. Consolidated Portfolio Review Corp’s holdings in AvePoint were worth $830,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Heck Capital Advisors LLC purchased a new position in shares of AvePoint during the fourth quarter valued at approximately $29,000. National Bank of Canada FI purchased a new position in AvePoint during the third quarter valued at $29,000. R Squared Ltd bought a new stake in AvePoint in the fourth quarter worth $45,000. Pacer Advisors Inc. grew its stake in shares of AvePoint by 29.7% in the fourth quarter. Pacer Advisors Inc. now owns 4,409 shares of the company’s stock worth $73,000 after acquiring an additional 1,010 shares during the last quarter. Finally, Balboa Wealth Partners bought a new position in shares of AvePoint during the third quarter valued at $125,000. Institutional investors own 44.49% of the company’s stock.

AvePoint Stock Up 0.7 %

Shares of AvePoint stock opened at $19.31 on Friday. AvePoint, Inc. has a twelve month low of $7.08 and a twelve month high of $19.48. The company has a market cap of $3.61 billion, a price-to-earnings ratio of -386.12 and a beta of 1.02. The company’s 50 day moving average is $17.81 and its 200 day moving average is $14.30.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AVPT. Citigroup upped their price target on shares of AvePoint from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. The Goldman Sachs Group upped their target price on shares of AvePoint from $7.50 to $15.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, AvePoint currently has an average rating of “Moderate Buy” and an average price target of $15.00.

Insider Activity at AvePoint

In related news, major shareholder Zhijian Lu sold 10,000 shares of AvePoint stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $15.77, for a total transaction of $157,700.00. Following the transaction, the insider now owns 18,310,673 shares in the company, valued at approximately $288,759,313.21. The trade was a 0.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $346,080.80. Following the completion of the transaction, 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,215 shares of company stock worth $831,581. 27.78% of the stock is owned by company insiders.

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.