Pictet Asset Management Holding SA Has $251,000 Stock Position in AvePoint, Inc. (NASDAQ:AVPT)

Pictet Asset Management Holding SA grew its position in AvePoint, Inc. (NASDAQ:AVPT) by 16.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,183 shares of the company’s stock after purchasing an additional 2,089 shares during the period. Pictet Asset Management Holding SA’s holdings in AvePoint were worth $251,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AVPT. Wellington Management Group LLP acquired a new position in AvePoint in the third quarter worth approximately $48,226,000. Raymond James Financial Inc. bought a new stake in AvePoint in the fourth quarter worth approximately $18,067,000. Norges Bank acquired a new position in shares of AvePoint during the 4th quarter worth $9,158,000. JPMorgan Chase & Co. raised its holdings in shares of AvePoint by 13.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,536,660 shares of the company’s stock valued at $18,086,000 after purchasing an additional 184,361 shares in the last quarter. Finally, Barclays PLC lifted its stake in shares of AvePoint by 358.5% in the 3rd quarter. Barclays PLC now owns 206,358 shares of the company’s stock valued at $2,428,000 after purchasing an additional 161,354 shares during the last quarter. 44.49% of the stock is owned by hedge funds and other institutional investors.

AvePoint Trading Down 3.1 %

NASDAQ:AVPT opened at $14.40 on Friday. The firm has a market capitalization of $2.91 billion, a PE ratio of -287.94 and a beta of 1.20. AvePoint, Inc. has a 1 year low of $7.62 and a 1 year high of $19.90. The firm’s fifty day simple moving average is $16.04 and its 200 day simple moving average is $15.79.

Analyst Ratings Changes

AVPT has been the topic of several analyst reports. Citigroup lowered their target price on shares of AvePoint from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. William Blair reissued an “outperform” rating on shares of AvePoint in a 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 company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $15.75.

Insider Buying and Selling at AvePoint

In related news, insider Brian Michael Brown sold 35,000 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $15.40, for a total transaction of $539,000.00. Following the completion of the transaction, the insider now owns 1,347,145 shares of the company’s stock, valued at approximately $20,746,033. The trade was a 2.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 26.19% of the company’s stock.

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.