AvePoint, Inc. (NASDAQ:AVPT) Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC cut its position in AvePoint, Inc. (NASDAQ:AVPT) by 13.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,687 shares of the company’s stock after selling 17,538 shares during the quarter. Legato Capital Management LLC’s holdings in AvePoint were worth $1,827,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Creative Planning grew its stake in AvePoint by 19.1% during the 3rd quarter. Creative Planning now owns 29,345 shares of the company’s stock worth $345,000 after purchasing an additional 4,698 shares in the last quarter. Consolidated Portfolio Review Corp acquired a new position in AvePoint during the 3rd quarter worth $611,000. Smith Group Asset Management LLC grew its stake in AvePoint by 24.9% during the 3rd quarter. Smith Group Asset Management LLC now owns 53,304 shares of the company’s stock worth $627,000 after purchasing an additional 10,614 shares in the last quarter. US Bancorp DE grew its stake in AvePoint by 8.0% during the 3rd quarter. US Bancorp DE now owns 18,706 shares of the company’s stock worth $220,000 after purchasing an additional 1,391 shares in the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new position in AvePoint during the 3rd quarter worth $1,404,000. 44.49% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at AvePoint

In other news, CFO James Caci sold 20,215 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $17.12, for a total value of $346,080.80. Following the completion of the sale, the chief financial officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Zhijian Lu sold 10,000 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $15.66, for a total value of $156,600.00. Following the completion of the sale, the insider now directly owns 18,290,673 shares of the company’s stock, valued at $286,431,939.18. The trade was a 0.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,215 shares of company stock valued at $831,581. 27.78% of the stock is currently owned by corporate insiders.

AvePoint Stock Performance

NASDAQ:AVPT opened at $19.49 on Wednesday. The stock has a 50-day simple moving average of $17.87 and a 200-day simple moving average of $14.47. The stock has a market cap of $3.64 billion, a P/E ratio of -389.72 and a beta of 1.02. AvePoint, Inc. has a 1 year low of $7.08 and a 1 year high of $19.75.

Wall Street Analyst Weigh In

Several research firms recently commented on AVPT. The Goldman Sachs Group boosted their target price on AvePoint from $7.50 to $15.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. Citigroup upped their price objective on AvePoint from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, AvePoint currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

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.