Pictet Asset Management SA Acquires Shares of 13,926 AvePoint, Inc. (NASDAQ:AVPT)

Pictet Asset Management SA acquired a new stake in AvePoint, Inc. (NASDAQ:AVPTGet Rating) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,926 shares of the company’s stock, valued at approximately $60,000.

Other hedge funds also recently bought and sold shares of the company. Quantbot Technologies LP raised its holdings in AvePoint by 136.8% in the 1st quarter. Quantbot Technologies LP now owns 6,867 shares of the company’s stock valued at $36,000 after acquiring an additional 3,967 shares during the last quarter. SG Americas Securities LLC acquired a new stake in AvePoint in the 2nd quarter valued at about $47,000. Royal Bank of Canada raised its holdings in AvePoint by 97,940.0% in the 1st quarter. Royal Bank of Canada now owns 9,804 shares of the company’s stock valued at $52,000 after acquiring an additional 9,794 shares during the last quarter. CTC Capital Management LLC acquired a new stake in AvePoint in the 1st quarter valued at about $57,000. Finally, ProShare Advisors LLC acquired a new stake in AvePoint in the 2nd quarter valued at about $63,000. Institutional investors and hedge funds own 41.99% of the company’s stock.

AvePoint Price Performance

Shares of NASDAQ AVPT opened at $4.78 on Friday. The company has a market capitalization of $873.83 million, a P/E ratio of -25.16 and a beta of 1.02. The company has a 50 day simple moving average of $4.14 and a 200-day simple moving average of $4.68. AvePoint, Inc. has a 1 year low of $3.40 and a 1 year high of $7.19.

Wall Street Analysts Forecast Growth

AVPT has been the subject of a number of recent analyst reports. Evercore ISI cut their price target on shares of AvePoint to $5.00 in a report on Wednesday, November 16th. Citigroup raised their price target on shares of AvePoint from $4.50 to $5.00 and gave the stock a “neutral” rating in a report on Tuesday, November 15th.

AvePoint Company Profile

(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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Institutional Ownership by Quarter for AvePoint (NASDAQ:AVPT)

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