Olympiad Research LP Invests $451,000 in AvePoint, Inc. (NASDAQ:AVPT)

Olympiad Research LP bought a new position in AvePoint, Inc. (NASDAQ:AVPT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 27,331 shares of the company’s stock, valued at approximately $451,000.

Other hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP acquired a new position in AvePoint in the 3rd quarter worth about $48,226,000. Geode Capital Management LLC raised its holdings in AvePoint by 4.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,829,548 shares of the company’s stock worth $33,309,000 after purchasing an additional 133,156 shares during the period. JPMorgan Chase & Co. raised its holdings in AvePoint by 13.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,536,660 shares of the company’s stock worth $18,086,000 after purchasing an additional 184,361 shares during the period. Franklin Resources Inc. raised its holdings in AvePoint by 2.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,200,589 shares of the company’s stock worth $14,815,000 after purchasing an additional 27,191 shares during the period. Finally, Ashford Capital Management Inc. raised its holdings in AvePoint by 10.0% in the 3rd quarter. Ashford Capital Management Inc. now owns 1,091,230 shares of the company’s stock worth $12,844,000 after purchasing an additional 99,505 shares during the period. Hedge funds and other institutional investors own 44.49% of the company’s stock.

AvePoint Stock Performance

NASDAQ:AVPT opened at $17.69 on Friday. AvePoint, Inc. has a one year low of $7.08 and a one year high of $19.90. The stock has a market cap of $3.30 billion, a PE ratio of -353.81 and a beta of 1.02. The stock has a 50 day moving average price of $17.95 and a 200 day moving average price of $14.93.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AVPT shares. The Goldman Sachs Group upped their price target on AvePoint from $7.50 to $15.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. Citigroup increased their target price on AvePoint from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

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.