Brian Michael Brown Sells 35,000 Shares of AvePoint, Inc. (NASDAQ:AVPT) Stock

AvePoint, Inc. (NASDAQ:AVPT) insider Brian Michael Brown sold 35,000 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $15.40, for a total value of $539,000.00. Following the completion of the transaction, the insider now owns 1,347,145 shares in the company, valued at approximately $20,746,033. This trade represents a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

AvePoint Stock Down 1.1 %

NASDAQ AVPT opened at $15.06 on Thursday. AvePoint, Inc. has a 52 week low of $7.52 and a 52 week high of $19.90. The company has a market capitalization of $3.04 billion, a P/E ratio of -301.14 and a beta of 1.11. The stock’s 50-day moving average price is $17.01 and its 200-day moving average price is $15.59.

Wall Street Analysts Forecast Growth

AVPT has been the topic of several research reports. Citigroup dropped their target price on AvePoint from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. William Blair restated an “outperform” rating on shares of AvePoint in a research report on Tuesday, March 4th. Two 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 company has a consensus rating of “Moderate Buy” and a consensus price target of $15.75.

Institutional Investors Weigh In On AvePoint

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new stake in shares of AvePoint in the fourth quarter worth $29,000. Neo Ivy Capital Management bought a new stake in AvePoint during the fourth quarter valued at about $6,229,000. Ashford Capital Management Inc. lifted its position in shares of AvePoint by 1.6% in the fourth quarter. Ashford Capital Management Inc. now owns 1,108,720 shares of the company’s stock valued at $18,305,000 after acquiring an additional 17,490 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of AvePoint by 13.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 263,084 shares of the company’s stock worth $4,344,000 after acquiring an additional 30,399 shares during the period. Finally, Voloridge Investment Management LLC grew its position in shares of AvePoint by 102.6% during the fourth quarter. Voloridge Investment Management LLC now owns 965,022 shares of the company’s stock worth $15,933,000 after purchasing an additional 488,706 shares in the last quarter. Institutional investors own 44.49% 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.