AvePoint (NASDAQ:AVPT) Given New $5.00 Price Target at Citigroup

AvePoint (NASDAQ:AVPTGet Rating) had its price target lifted by Citigroup from $4.50 to $5.00 in a research note released on Tuesday, The Fly reports. They currently have a neutral rating on the stock.

AvePoint Stock Performance

NASDAQ AVPT opened at $5.02 on Tuesday. The stock has a 50-day simple moving average of $4.08 and a two-hundred day simple moving average of $4.68. The firm has a market capitalization of $917.71 million, a P/E ratio of -26.42 and a beta of 1.02. AvePoint has a fifty-two week low of $3.40 and a fifty-two week high of $8.38.

Hedge Funds Weigh In On AvePoint

A number of institutional investors have recently modified their holdings of the stock. Credit Suisse AG raised its stake in shares of AvePoint by 4.1% during the 2nd quarter. Credit Suisse AG now owns 62,474 shares of the company’s stock valued at $270,000 after buying an additional 2,470 shares during the last quarter. National Asset Management Inc. raised its stake in shares of AvePoint by 15.7% during the 1st quarter. National Asset Management Inc. now owns 19,950 shares of the company’s stock valued at $105,000 after buying an additional 2,700 shares during the last quarter. Ingalls & Snyder LLC raised its stake in shares of AvePoint by 2.4% during the 3rd quarter. Ingalls & Snyder LLC now owns 153,347 shares of the company’s stock valued at $615,000 after buying an additional 3,650 shares during the last quarter. Quantbot Technologies LP raised its stake in shares of AvePoint by 136.8% during the 1st quarter. Quantbot Technologies LP now owns 6,867 shares of the company’s stock valued at $36,000 after buying an additional 3,967 shares during the last quarter. Finally, Virtu Financial LLC increased its stake in shares of AvePoint by 20.5% in the 2nd quarter. Virtu Financial LLC now owns 24,104 shares of the company’s stock valued at $105,000 after purchasing an additional 4,097 shares in the last quarter. Hedge funds and other institutional investors own 41.99% of the company’s stock.

About AvePoint

(Get Rating)

AvePoint, Inc provides Microsoft 365 data management solutions worldwide. It offers SaaS platform cloud-hosted collaboration systems by providing suite of software products. The company focuses on data protection, governance, compliance management extensions for Microsoft 365, Dynamics 365, Salesforce, and Google Workspace.

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