Baader Bank Aktiengesellschaft Acquires Shares of 11,500 AvePoint, Inc. (NASDAQ:AVPT)

Baader Bank Aktiengesellschaft bought a new position in shares of AvePoint, Inc. (NASDAQ:AVPT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 11,500 shares of the company’s stock, valued at approximately $190,000.

A number of other hedge funds have also modified their holdings of the business. Harbor Capital Advisors Inc. purchased a new stake in AvePoint during the 3rd quarter valued at about $1,404,000. Millennium Management LLC boosted its holdings in shares of AvePoint by 33.7% during the 2nd quarter. Millennium Management LLC now owns 641,862 shares of the company’s stock worth $6,688,000 after purchasing an additional 161,759 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of AvePoint in the second quarter valued at approximately $548,000. Quantbot Technologies LP increased its holdings in shares of AvePoint by 142.8% in 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 during the last quarter. Finally, Lisanti Capital Growth LLC purchased a new position in AvePoint during the third quarter worth approximately $1,424,000. 44.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO James Caci sold 20,215 shares of the firm’s stock in a transaction on 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 $10,133,156.80. This trade represents a 3.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Zhijian Lu sold 10,000 shares of the business’s stock in a transaction on 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 owns 18,290,673 shares in the company, valued at $286,431,939.18. This represents a 0.05 % decrease in their position. 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 insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Citigroup upped their target price on AvePoint from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Friday, January 17th. The Goldman Sachs Group raised their price objective on shares of AvePoint from $7.50 to $15.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th. Two investment 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, AvePoint presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

AvePoint Stock Up 0.3 %

NASDAQ:AVPT opened at $18.78 on Friday. AvePoint, Inc. has a 52 week low of $7.08 and a 52 week high of $19.20. The stock’s fifty day moving average is $17.69 and its two-hundred day moving average is $14.01. The company has a market capitalization of $3.51 billion, a P/E ratio of -375.52 and a beta of 1.01.

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.