Arete Wealth Advisors LLC Has $143,000 Stake in AvePoint, Inc. (NASDAQ:AVPT)

Arete Wealth Advisors LLC reduced its holdings in AvePoint, Inc. (NASDAQ:AVPT) by 9.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,150 shares of the company’s stock after selling 1,205 shares during the quarter. Arete Wealth Advisors LLC’s holdings in AvePoint were worth $143,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Wellington Management Group LLP acquired a new position in AvePoint in the third quarter worth $48,226,000. Geode Capital Management LLC raised its holdings in shares of AvePoint by 4.9% in the third quarter. Geode Capital Management LLC now owns 2,829,548 shares of the company’s stock valued at $33,309,000 after buying an additional 133,156 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in AvePoint by 13.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,932,248 shares of the company’s stock worth $20,133,000 after buying an additional 227,324 shares in the last quarter. Driehaus Capital Management LLC bought a new stake in AvePoint during the 2nd quarter worth about $17,305,000. Finally, Ashford Capital Management Inc. increased its position in AvePoint by 10.0% in the 3rd quarter. Ashford Capital Management Inc. now owns 1,091,230 shares of the company’s stock valued at $12,844,000 after acquiring an additional 99,505 shares in the last quarter. 44.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upped their target price 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.20.

Insider Transactions at AvePoint

In other AvePoint news, CFO James Caci sold 20,215 shares of AvePoint stock in a transaction 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 owns 591,890 shares of the company’s stock, valued at approximately $10,133,156.80. The trade was a 3.30 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Zhijian Lu sold 10,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $11.91, for a total transaction of $119,100.00. Following the sale, the insider now owns 18,430,673 shares of the company’s stock, valued at $219,509,315.43. The trade was a 0.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 130,215 shares of company stock worth $1,795,881 in the last quarter. 27.78% of the stock is owned by company insiders.

AvePoint Trading Down 1.1 %

Shares of 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 P/E ratio of -367.30 and a beta of 1.00. The business has a 50-day moving average price of $15.00 and a two-hundred day moving average price of $12.16.

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.