Wells Fargo & Company MN Has $2.04 Million Stock Holdings in AvePoint, Inc. (NASDAQ:AVPT)

Wells Fargo & Company MN boosted its position in shares of AvePoint, Inc. (NASDAQ:AVPT) by 25.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 123,506 shares of the company’s stock after purchasing an additional 25,027 shares during the period. Wells Fargo & Company MN’s holdings in AvePoint were worth $2,039,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of AvePoint by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 15,280,202 shares of the company’s stock valued at $252,276,000 after buying an additional 150,885 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of AvePoint by 56.9% during the 4th quarter. Wellington Management Group LLP now owns 6,430,203 shares of the company’s stock worth $106,163,000 after purchasing an additional 2,332,813 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of AvePoint by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,850,268 shares of the company’s stock valued at $47,067,000 after purchasing an additional 20,720 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of AvePoint by 566.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,678,403 shares of the company’s stock valued at $44,220,000 after purchasing an additional 2,276,258 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of AvePoint by 7.9% in the 4th quarter. JPMorgan Chase & Co. now owns 1,657,804 shares of the company’s stock valued at $27,370,000 after acquiring an additional 121,144 shares in the last quarter. Hedge funds and other institutional investors own 44.49% of the company’s stock.

AvePoint Stock Up 2.0 %

NASDAQ AVPT opened at $16.07 on Friday. The company’s 50-day simple moving average is $15.02 and its 200 day simple moving average is $16.00. The stock has a market cap of $3.24 billion, a P/E ratio of -321.34 and a beta of 1.20. AvePoint, Inc. has a twelve month low of $7.77 and a twelve month high of $19.90.

Insider Buying and Selling

In other AvePoint news, insider Brian Michael Brown sold 35,000 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $15.40, for a total value of $539,000.00. Following the transaction, the insider now directly owns 1,347,145 shares in the company, valued at $20,746,033. The trade was a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 26.19% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently commented on AVPT. Citigroup dropped their target price on shares of 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 note on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.