MIG Capital LLC Makes New $312,000 Investment in AvePoint, Inc. (NASDAQ:AVPT)

MIG Capital LLC bought a new stake in shares of AvePoint, Inc. (NASDAQ:AVPT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 18,926 shares of the company’s stock, valued at approximately $312,000.

Other institutional investors have also recently made changes to their positions in the company. Global Retirement Partners LLC purchased a new stake in AvePoint during the fourth quarter valued at approximately $25,000. Heck Capital Advisors LLC purchased a new stake in AvePoint during the 4th quarter valued at $29,000. National Bank of Canada FI purchased a new position in AvePoint during the third quarter worth $29,000. R Squared Ltd bought a new position in AvePoint during the fourth quarter valued at $45,000. Finally, Principal Securities Inc. raised its stake in shares of 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 during the period. Institutional investors own 44.49% of the company’s stock.

AvePoint Price Performance

Shares of AVPT opened at $13.33 on Friday. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of -266.55 and a beta of 1.20. AvePoint, Inc. has a 1-year low of $7.62 and a 1-year high of $19.90. The company has a 50-day moving average of $16.57 and a 200 day moving average of $15.73.

Wall Street Analyst Weigh In

AVPT has been the subject of a number of recent analyst reports. William Blair reaffirmed an “outperform” rating on shares of AvePoint in a research note on Tuesday, March 4th. Citigroup cut their target price on AvePoint from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $15.75.

Insider Transactions at AvePoint

In other news, insider Brian Michael Brown sold 35,000 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $15.40, for a total transaction of $539,000.00. Following the transaction, the insider now owns 1,347,145 shares in the company, valued at approximately $20,746,033. This trade represents a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 26.19% of the company’s stock.

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.