US Bancorp DE Purchases 1,391 Shares of AvePoint, Inc. (NASDAQ:AVPT)

US Bancorp DE boosted its holdings in shares of AvePoint, Inc. (NASDAQ:AVPT) by 8.0% in the 3rd quarter, Holdings Channel reports. The firm owned 18,706 shares of the company’s stock after buying an additional 1,391 shares during the period. US Bancorp DE’s holdings in AvePoint were worth $220,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Driehaus Capital Management LLC bought a new position in AvePoint in the second quarter valued at about $17,305,000. Vanguard Group Inc. increased its position in AvePoint by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 15,050,278 shares of the company’s stock worth $119,198,000 after purchasing an additional 532,371 shares in the last quarter. Cubist Systematic Strategies LLC boosted its position in AvePoint by 2,948.0% in the second quarter. Cubist Systematic Strategies LLC now owns 550,350 shares of the company’s stock valued at $5,735,000 after buying an additional 532,294 shares in the last quarter. Squarepoint Ops LLC grew its stake in shares of AvePoint by 198.2% during the second quarter. Squarepoint Ops LLC now owns 519,642 shares of the company’s stock worth $5,415,000 after buying an additional 345,370 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of AvePoint during the second quarter worth $2,881,000. Institutional investors own 44.49% of the company’s stock.

Insider Transactions at AvePoint

In other AvePoint news, CFO James Caci sold 30,000 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $10.91, for a total value of $327,300.00. Following the completion of the sale, the chief financial officer now directly owns 630,084 shares in the company, valued at approximately $6,874,216.44. This trade represents a 4.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Zhijian Lu sold 10,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $10.89, for a total transaction of $108,900.00. Following the transaction, the insider now owns 18,440,673 shares in the company, valued at $200,818,928.97. This represents a 0.05 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 150,000 shares of company stock valued at $1,724,500. Corporate insiders own 27.78% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on AVPT shares. The Goldman Sachs Group upped their target price on AvePoint from $7.50 to $15.00 and gave the stock a “neutral” rating in a report on Tuesday. Northland Securities lifted their target price on shares of AvePoint from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Finally, Cantor Fitzgerald upped their price target on shares of AvePoint from $11.00 to $13.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $13.20.

AvePoint Stock Down 1.3 %

AVPT opened at $15.82 on Friday. The stock has a market cap of $2.95 billion, a PE ratio of -316.34 and a beta of 0.88. AvePoint, Inc. has a twelve month low of $7.08 and a twelve month high of $16.50. The company has a fifty day moving average of $12.40 and a 200-day moving average of $10.76.

AvePoint 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.