Quest Partners LLC Has $854,000 Holdings in AvePoint, Inc. (NASDAQ:AVPT)

Quest Partners LLC lifted its stake in AvePoint, Inc. (NASDAQ:AVPT) by 74.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 72,586 shares of the company’s stock after acquiring an additional 30,968 shares during the period. Quest Partners LLC’s holdings in AvePoint were worth $854,000 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 the stock. Driehaus Capital Management LLC bought a new position in shares of AvePoint during the 2nd quarter worth approximately $17,305,000. Vanguard Group Inc. raised its stake in shares of AvePoint by 3.7% in the first quarter. Vanguard Group Inc. now owns 15,050,278 shares of the company’s stock valued at $119,198,000 after acquiring an additional 532,371 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in shares of AvePoint by 2,948.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 550,350 shares of the company’s stock worth $5,735,000 after acquiring an additional 532,294 shares in the last quarter. Squarepoint Ops LLC grew its position in AvePoint by 198.2% during the 2nd quarter. Squarepoint Ops LLC now owns 519,642 shares of the company’s stock worth $5,415,000 after acquiring an additional 345,370 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in AvePoint during the 2nd quarter valued at $2,881,000. Institutional investors own 44.49% of the company’s stock.

AvePoint Trading Up 4.4 %

AvePoint stock opened at $18.28 on Friday. AvePoint, Inc. has a 1 year low of $7.08 and a 1 year high of $18.33. The company’s 50-day moving average is $12.90 and its two-hundred day moving average is $11.07. The company has a market cap of $3.41 billion, a PE ratio of -365.43 and a beta of 0.88.

Insider Buying and Selling 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 transaction of $346,080.80. Following the completion of the transaction, the chief financial officer now directly owns 591,890 shares in the company, valued at approximately $10,133,156.80. The trade was a 3.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Zhijian Lu sold 10,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $17.12, for a total transaction of $171,200.00. Following the completion of the sale, the insider now owns 18,270,673 shares in the company, valued at $312,793,921.76. This represents a 0.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 140,215 shares of company stock valued at $1,903,881. 27.78% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently commented on AVPT. The Goldman Sachs Group increased their target price on AvePoint from $7.50 to $15.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. Cantor Fitzgerald increased their price objective on shares of AvePoint from $11.00 to $13.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. Finally, Northland Securities upped their target price on shares of AvePoint from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $13.20.

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.