AvePoint, Inc. (NASDAQ:AVPT) Shares Sold by Arizona State Retirement System

Arizona State Retirement System decreased its holdings in AvePoint, Inc. (NASDAQ:AVPT) by 6.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,789 shares of the company’s stock after selling 2,223 shares during the quarter. Arizona State Retirement System’s holdings in AvePoint were worth $492,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of AVPT. Aigen Investment Management LP grew its holdings in AvePoint by 116.9% in the fourth quarter. Aigen Investment Management LP now owns 39,178 shares of the company’s stock valued at $647,000 after purchasing an additional 21,115 shares during the period. M&T Bank Corp acquired a new position in shares of AvePoint in the 4th quarter valued at $354,000. Cornerstone Investment Partners LLC purchased a new stake in shares of AvePoint during the 4th quarter valued at $181,000. Charles Schwab Investment Management Inc. grew its stake in shares of AvePoint by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 918,345 shares of the company’s stock valued at $15,162,000 after buying an additional 20,761 shares during the period. Finally, Versor Investments LP increased its holdings in shares of AvePoint by 75.7% during the 4th quarter. Versor Investments LP now owns 31,800 shares of the company’s stock worth $525,000 after buying an additional 13,700 shares during the last quarter. Institutional investors and hedge funds own 44.49% of the company’s stock.

AvePoint Trading Up 6.3 %

NASDAQ:AVPT opened at $14.66 on Friday. The firm’s fifty day simple moving average is $17.27 and its 200 day simple moving average is $15.37. AvePoint, Inc. has a twelve month low of $7.44 and a twelve month high of $19.90. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of -293.14 and a beta of 1.11.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AVPT. William Blair reiterated an “outperform” rating on shares of AvePoint in a report on Tuesday, March 4th. Citigroup reduced their price objective on AvePoint from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, AvePoint has an average rating of “Moderate Buy” and a consensus price target of $15.75.

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.