Empirical Asset Management LLC Invests $264,000 in AvePoint, Inc. (NASDAQ:AVPT)

Empirical Asset Management LLC acquired a new position in shares of AvePoint, Inc. (NASDAQ:AVPT) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 15,966 shares of the company’s stock, valued at approximately $264,000.

Several other institutional investors have also added to or reduced their stakes in AVPT. Dimensional Fund Advisors LP lifted its stake in AvePoint by 13.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,932,248 shares of the company’s stock valued at $20,133,000 after acquiring an additional 227,324 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of AvePoint by 16.4% in the second quarter. Renaissance Technologies LLC now owns 861,900 shares of the company’s stock valued at $8,981,000 after purchasing an additional 121,200 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of AvePoint in the second quarter worth $83,000. Sei Investments Co. acquired a new position in AvePoint during the second quarter worth $1,503,000. Finally, Lombard Odier Asset Management USA Corp bought a new position in AvePoint in the second quarter valued at $514,000. 44.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AVPT has been the subject of a number of recent research reports. The Goldman Sachs Group increased their price objective on shares of AvePoint from $7.50 to $15.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. Citigroup increased their price target on AvePoint from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

AvePoint Stock Performance

Shares of AVPT stock opened at $17.21 on Monday. AvePoint, Inc. has a 52-week low of $7.08 and a 52-week high of $19.16. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of -344.13 and a beta of 1.01. The firm’s 50-day moving average is $17.39 and its 200-day moving average is $13.51.

Insider Buying and Selling at AvePoint

In related news, CFO James Caci sold 20,215 shares of AvePoint stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $17.12, for a total transaction of $346,080.80. Following the completion of the sale, the chief financial officer now owns 591,890 shares of the company’s stock, valued at approximately $10,133,156.80. The trade was a 3.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Zhijian Lu sold 10,000 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $15.77, for a total transaction of $157,700.00. Following the completion of the transaction, the insider now directly owns 18,310,673 shares in the company, valued at approximately $288,759,313.21. This represents a 0.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,215 shares of company stock worth $831,581 over the last 90 days. Company insiders own 27.78% 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.