Lisanti Capital Growth LLC Has $2.12 Million Stake in AvePoint, Inc. (NASDAQ:AVPT)

Lisanti Capital Growth LLC boosted its stake in AvePoint, Inc. (NASDAQ:AVPT) by 6.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 128,550 shares of the company’s stock after purchasing an additional 7,550 shares during the period. Lisanti Capital Growth LLC’s holdings in AvePoint were worth $2,122,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AVPT. Raymond James Financial Inc. acquired a new stake in AvePoint during the 4th quarter worth about $18,067,000. Aigen Investment Management LP grew its holdings in AvePoint by 116.9% during the 4th quarter. Aigen Investment Management LP now owns 39,178 shares of the company’s stock worth $647,000 after acquiring an additional 21,115 shares during the period. M&T Bank Corp acquired a new stake in AvePoint during the 4th quarter worth about $354,000. Cornerstone Investment Partners LLC acquired a new stake in AvePoint during the 4th quarter worth about $181,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in AvePoint by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 918,345 shares of the company’s stock worth $15,162,000 after acquiring an additional 20,761 shares during the period. 44.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on AVPT shares. Citigroup increased their price target on AvePoint from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. William Blair reiterated an “outperform” rating on shares of AvePoint in a report on Tuesday. Finally, The Goldman Sachs Group raised their target price on AvePoint from $7.50 to $15.00 and gave the company a “neutral” rating in a research note on Tuesday, November 12th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $16.25.

AvePoint Price Performance

Shares of AVPT opened at $14.55 on Friday. The stock has a 50-day moving average of $17.59 and a 200-day moving average of $15.24. The company has a market cap of $2.72 billion, a PE ratio of -290.94 and a beta of 1.02. AvePoint, Inc. has a one year low of $7.44 and a one year high of $19.90.

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.