Counterpoint Mutual Funds LLC Buys Shares of 26,840 AvePoint, Inc. (NASDAQ:AVPT)

Counterpoint Mutual Funds LLC purchased a new position in shares of AvePoint, Inc. (NASDAQ:AVPT) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 26,840 shares of the company’s stock, valued at approximately $443,000.

Several other large investors have also recently added to or reduced their stakes in AVPT. Global Retirement Partners LLC acquired a new stake in shares of AvePoint in the 4th quarter worth about $25,000. National Bank of Canada FI bought a new stake in AvePoint during the 3rd quarter valued at $29,000. Heck Capital Advisors LLC bought a new position in shares of AvePoint in the fourth quarter worth $29,000. R Squared Ltd bought a new stake in shares of AvePoint during the fourth quarter valued at about $45,000. Finally, Principal Securities Inc. raised its stake in shares of AvePoint by 12,961.9% during the fourth quarter. Principal Securities Inc. now owns 2,743 shares of the company’s stock valued at $45,000 after purchasing an additional 2,722 shares in the last quarter. 44.49% of the stock is owned by institutional investors and hedge funds.

AvePoint Stock Up 0.6 %

NASDAQ:AVPT opened at $14.75 on Tuesday. The business’s 50-day moving average price is $17.23 and its 200 day moving average price is $15.45. The firm has a market cap of $2.98 billion, a P/E ratio of -294.94 and a beta of 1.11. AvePoint, Inc. has a 52-week low of $7.44 and a 52-week high of $19.90.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. William Blair reaffirmed an “outperform” rating on shares of AvePoint in a report on Tuesday, March 4th. Citigroup decreased their price objective on shares of AvePoint from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, AvePoint presently has an average rating of “Moderate Buy” and a consensus target price of $15.75.

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.