AlphaQuest LLC Has $242,000 Position in AvePoint, Inc. (NASDAQ:AVPT)

AlphaQuest LLC lessened its position in AvePoint, Inc. (NASDAQ:AVPT) by 79.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,634 shares of the company’s stock after selling 57,952 shares during the quarter. AlphaQuest LLC’s holdings in AvePoint were worth $242,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new stake in shares of AvePoint in the fourth quarter valued at approximately $25,000. National Bank of Canada FI acquired a new stake in AvePoint in the 3rd quarter valued at $29,000. Heck Capital Advisors LLC bought a new stake in AvePoint during the 4th quarter worth about $29,000. R Squared Ltd acquired a new position in shares of AvePoint during the 4th quarter worth about $45,000. Finally, Principal Securities Inc. grew its holdings in shares of AvePoint by 12,961.9% in the 4th 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 in the last quarter. Institutional investors own 44.49% of the company’s stock.

Wall Street Analyst Weigh In

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

AvePoint Trading Up 6.3 %

Shares of NASDAQ AVPT opened at $14.66 on Friday. AvePoint, Inc. has a 12 month low of $7.44 and a 12 month high of $19.90. The stock has a 50 day moving average of $17.27 and a 200-day moving average of $15.40. The company has a market capitalization of $2.96 billion, a P/E ratio of -293.14 and a beta of 1.11.

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.