Centiva Capital LP Lowers Holdings in AvePoint, Inc. (NASDAQ:AVPT)

Centiva Capital LP reduced its position in shares of AvePoint, Inc. (NASDAQ:AVPT) by 80.1% in the third quarter, Holdings Channel reports. The firm owned 11,999 shares of the company’s stock after selling 48,208 shares during the quarter. Centiva Capital LP’s holdings in AvePoint were worth $141,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of AVPT. 272 Capital LP purchased a new stake in shares of AvePoint during the third quarter valued at approximately $1,426,000. Walleye Capital LLC purchased a new stake in AvePoint during the 3rd quarter valued at $2,970,000. Martingale Asset Management L P increased its holdings in shares of AvePoint by 288.6% in the 3rd quarter. Martingale Asset Management L P now owns 72,442 shares of the company’s stock worth $853,000 after purchasing an additional 53,801 shares in the last quarter. FMR LLC raised its stake in shares of AvePoint by 1,253.0% in the third quarter. FMR LLC now owns 38,275 shares of the company’s stock worth $450,000 after purchasing an additional 35,446 shares during the last quarter. Finally, Quantbot Technologies LP lifted its holdings in shares of AvePoint by 142.8% during the third quarter. Quantbot Technologies LP now owns 153,747 shares of the company’s stock valued at $1,810,000 after purchasing an additional 90,413 shares in the last quarter. 44.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, The Goldman Sachs Group lifted their price objective on AvePoint from $7.50 to $15.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. Two 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 $13.20.

AvePoint Price Performance

NASDAQ AVPT opened at $18.37 on Friday. AvePoint, Inc. has a 1-year low of $7.08 and a 1-year high of $19.16. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of -367.23 and a beta of 1.00. The business’s fifty day moving average price is $15.00 and its 200-day moving average price is $12.14.

Insider Buying and Selling at AvePoint

In other AvePoint news, CFO James Caci sold 20,215 shares of the company’s 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 $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. This represents a 3.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Zhijian Lu sold 10,000 shares of AvePoint stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $11.73, for a total transaction of $117,300.00. Following the transaction, the insider now owns 18,410,673 shares in the company, valued at $215,957,194.29. This represents a 0.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 130,215 shares of company stock valued at $1,795,881. 27.78% of the stock is owned by company insiders.

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.