AvePoint, Inc. (NASDAQ:AVPT) Position Decreased by First Trust Advisors LP

First Trust Advisors LP lowered its holdings in AvePoint, Inc. (NASDAQ:AVPT) by 8.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 420,550 shares of the company’s stock after selling 40,448 shares during the period. First Trust Advisors LP owned about 0.23% of AvePoint worth $6,943,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Global Retirement Partners LLC acquired a new position in AvePoint in the fourth quarter worth approximately $25,000. Heck Capital Advisors LLC acquired a new position in shares of AvePoint in the 4th quarter worth $29,000. R Squared Ltd purchased a new stake in shares of AvePoint during the fourth quarter valued at $45,000. Principal Securities Inc. lifted its holdings 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 purchasing an additional 2,722 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of AvePoint by 29.7% in the 4th quarter. Pacer Advisors Inc. now owns 4,409 shares of the company’s stock valued at $73,000 after purchasing an additional 1,010 shares during the period. 44.49% of the stock is currently owned by institutional investors.

AvePoint Stock Up 2.0 %

AvePoint stock opened at $16.44 on Wednesday. AvePoint, Inc. has a 12 month low of $7.77 and a 12 month high of $19.90. The stock has a market cap of $3.32 billion, a P/E ratio of -328.73 and a beta of 1.20. The company’s fifty day simple moving average is $14.92 and its 200-day simple moving average is $16.07.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AVPT shares. 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 research report on Tuesday, March 11th. William Blair reiterated an “outperform” rating on shares of AvePoint in a research report on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $15.75.

Insider Buying and Selling at AvePoint

In other news, insider Brian Michael Brown sold 35,000 shares of AvePoint stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $15.11, for a total transaction of $528,850.00. Following the completion of the sale, the insider now directly owns 1,312,145 shares in the company, valued at $19,826,510.95. The trade was a 2.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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.