Versor Investments LP Lowers Position in AvePoint, Inc. (NASDAQ:AVPT)

Versor Investments LP trimmed its holdings in shares of AvePoint, Inc. (NASDAQ:AVPT – Get Rating) by 53.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 23,500 shares of the company’s stock after selling 26,800 shares during the period. Versor Investments LP’s holdings in AvePoint were worth $94,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of AvePoint during the second quarter valued at approximately $47,000. Thompson Siegel & Walmsley LLC purchased a new position in shares of AvePoint during the third quarter valued at approximately $245,000. Ingalls & Snyder LLC lifted its holdings in shares of AvePoint by 2.4% during the third quarter. Ingalls & Snyder LLC now owns 153,347 shares of the company’s stock valued at $615,000 after purchasing an additional 3,650 shares during the last quarter. B. Riley Asset Management LLC purchased a new position in shares of AvePoint during the second quarter valued at approximately $2,127,000. Finally, Virtu Financial LLC lifted its holdings in shares of AvePoint by 20.5% during the second 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 during the last quarter. 41.35% of the stock is currently owned by hedge funds and other institutional investors.

AvePoint Stock Up 1.4 %

Shares of AVPT opened at $4.28 on Wednesday. The company has a market capitalization of $782.43 million, a P/E ratio of -22.53 and a beta of 1.06. The firm has a 50 day moving average of $4.44 and a 200 day moving average of $4.48. AvePoint, Inc. has a twelve month low of $3.40 and a twelve month high of $6.70.

AvePoint (NASDAQ:AVPT – Get Rating) last announced its quarterly earnings results on Thursday, November 10th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.01. AvePoint had a negative net margin of 16.61% and a negative return on equity of 16.67%. The company had revenue of $62.74 million during the quarter, compared to the consensus estimate of $62.67 million. On average, sell-side analysts expect that AvePoint, Inc. will post -0.19 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AVPT. Evercore ISI lowered their target price 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 company a “neutral” rating in a research report on Tuesday, November 15th.

AvePoint Profile

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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.