Steward Partners Investment Advisory LLC Sells 1,865 Shares of AvePoint, Inc. (NASDAQ:AVPT)

Steward Partners Investment Advisory LLC cut its position in AvePoint, Inc. (NASDAQ:AVPT) by 23.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,151 shares of the company’s stock after selling 1,865 shares during the period. Steward Partners Investment Advisory LLC’s holdings in AvePoint were worth $102,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new stake in AvePoint during the fourth quarter worth approximately $25,000. Heck Capital Advisors LLC acquired a new stake in AvePoint in the fourth quarter valued at approximately $29,000. National Bank of Canada FI acquired a new stake in AvePoint in the third quarter valued at approximately $29,000. R Squared Ltd acquired a new stake in AvePoint in the fourth quarter valued at approximately $45,000. Finally, Principal Securities Inc. boosted its position in shares of AvePoint by 12,961.9% during the fourth quarter. Principal Securities Inc. now owns 2,743 shares of the company’s stock valued at $45,000 after buying an additional 2,722 shares during the last quarter. 44.49% of the stock is currently owned by institutional investors.

AvePoint Trading Up 0.6 %

AVPT opened at $14.75 on Tuesday. AvePoint, Inc. has a 12-month low of $7.44 and a 12-month high of $19.90. The stock has a 50-day moving average price of $17.23 and a 200-day moving average price of $15.45. The stock has a market capitalization of $2.98 billion, a P/E ratio of -294.94 and a beta of 1.11.

Wall Street Analyst Weigh In

AVPT has been the topic of a number of recent analyst reports. Citigroup dropped their price target on AvePoint from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. William Blair reiterated an “outperform” rating on shares of AvePoint in a research report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $15.75.

AvePoint Company Profile

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.