AvePoint, Inc. (NASDAQ:AVPT) Major Shareholder Zhijian Lu Sells 10,000 Shares

Posted by Editorial Team on Nov 21st, 2024

AvePoint, Inc. (NASDAQ:AVPT – Get Free Report) major shareholder Zhijian Lu sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $15.77, for a total transaction of $157,700.00. Following the completion of the transaction, the insider now owns 18,310,673 shares in the company, valued at $288,759,313.21. The trade was a 0.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Zhijian Lu also recently made the following trade(s):

On Monday, November 18th, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $15.66, for a total transaction of $156,600.00.
On Monday, October 21st, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $12.10, for a total value of $121,000.00.
On Friday, October 18th, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $12.24, for a total value of $122,400.00.
On Wednesday, October 16th, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $12.24, for a total transaction of $122,400.00.
On Monday, October 14th, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $12.37, for a total transaction of $123,700.00.
On Monday, September 23rd, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $11.90, for a total transaction of $119,000.00.
On Friday, September 20th, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $11.94, for a total transaction of $119,400.00.
On Wednesday, September 18th, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $11.73, for a total value of $117,300.00.
On Monday, September 16th, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $11.91, for a total value of $119,100.00.
On Monday, August 26th, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $10.80, for a total value of $108,000.00.

AvePoint Price Performance

Shares of NASDAQ AVPT opened at $17.50 on Thursday. The business has a 50-day moving average of $12.77 and a two-hundred day moving average of $11.02. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of -350.00 and a beta of 0.88. AvePoint, Inc. has a 1 year low of $7.08 and a 1 year high of $17.50.

Hedge Funds Weigh In On AvePoint

Several large investors have recently bought and sold shares of the stock. National Bank of Canada FI acquired a new stake in shares of AvePoint during the third quarter worth about $29,000. Canada Pension Plan Investment Board acquired a new position in AvePoint during the second quarter worth approximately $83,000. Algert Global LLC purchased a new stake in AvePoint in the second quarter valued at approximately $116,000. Balboa Wealth Partners acquired a new stake in shares of AvePoint in the third quarter valued at approximately $125,000. Finally, Bayesian Capital Management LP acquired a new position in shares of AvePoint in the 1st quarter valued at $130,000. Institutional investors and hedge funds own 44.49% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AVPT. Northland Securities lifted their price objective on shares of AvePoint from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Friday, August 9th. The Goldman Sachs Group boosted their price target on shares of AvePoint from $7.50 to $15.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. Finally, Cantor Fitzgerald increased their price objective on AvePoint from $11.00 to $13.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, AvePoint currently has a consensus rating of “Moderate Buy” and an average target price of $13.20.

Read Our Latest Stock Report on AvePoint

About AvePoint

(Get Free Report)

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.