Versor Investments LP Has $276,000 Stock Holdings in AvePoint, Inc. (NASDAQ:AVPT)

Versor Investments LP lifted its position in AvePoint, Inc. (NASDAQ:AVPTFree Report) by 17.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,000 shares of the company’s stock after acquiring an additional 6,200 shares during the period. Versor Investments LP’s holdings in AvePoint were worth $276,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AVPT. Ingalls & Snyder LLC increased its stake in AvePoint by 22.3% during the 3rd quarter. Ingalls & Snyder LLC now owns 176,373 shares of the company’s stock worth $1,185,000 after purchasing an additional 32,146 shares in the last quarter. Arete Wealth Advisors LLC increased its stake in AvePoint by 21.6% during the 3rd quarter. Arete Wealth Advisors LLC now owns 23,900 shares of the company’s stock worth $161,000 after purchasing an additional 4,250 shares in the last quarter. Strs Ohio increased its stake in AvePoint by 51.4% during the 3rd quarter. Strs Ohio now owns 85,100 shares of the company’s stock worth $571,000 after purchasing an additional 28,900 shares in the last quarter. Mackenzie Financial Corp bought a new stake in AvePoint during the 3rd quarter worth approximately $108,000. Finally, Bank of New York Mellon Corp increased its stake in AvePoint by 274.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,835,402 shares of the company’s stock worth $12,334,000 after purchasing an additional 1,345,267 shares in the last quarter. 42.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AvePoint

In other news, insider Brian Michael Brown sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $8.30, for a total transaction of $124,500.00. Following the completion of the transaction, the insider now directly owns 1,389,946 shares of the company’s stock, valued at approximately $11,536,551.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 55,000 shares of company stock valued at $445,300 in the last ninety days. 24.74% of the stock is currently owned by corporate insiders.

AvePoint Stock Down 0.9 %

Shares of AVPT opened at $7.70 on Thursday. The stock has a market capitalization of $1.41 billion, a P/E ratio of -36.67 and a beta of 0.85. AvePoint, Inc. has a twelve month low of $3.89 and a twelve month high of $8.61. The company has a 50 day moving average of $8.11 and a 200-day moving average of $7.29.

AvePoint (NASDAQ:AVPTGet Free Report) last issued its quarterly earnings results on Thursday, November 9th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). The business had revenue of $72.76 million for the quarter, compared to the consensus estimate of $69.01 million. AvePoint had a negative return on equity of 17.73% and a negative net margin of 14.85%. AvePoint’s revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.04) earnings per share. On average, sell-side analysts anticipate that AvePoint, Inc. will post -0.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Citigroup increased their target price on AvePoint from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 10th.

Check Out Our Latest Stock Analysis on AVPT

AvePoint Company Profile

(Free Report)

AvePoint, Inc provides cloud-native software platform solutions. It also offers software-as-a-service solutions and productivity applications. The company offers modularity and cloud services architecture to address management of data to organizations that leverage third-party cloud vendors, including Microsoft, Salesforce, Google, AWS, Box, DropBox, and others.

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Institutional Ownership by Quarter for AvePoint (NASDAQ:AVPT)

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