Calamos Advisors LLC Acquires New Holdings in AvePoint, Inc. (NASDAQ:AVPT)

Calamos Advisors LLC bought a new position in AvePoint, Inc. (NASDAQ:AVPT) during the 4th quarter, HoldingsChannel reports. The firm bought 153,442 shares of the company’s stock, valued at approximately $1,260,000.

Several other hedge funds also recently bought and sold shares of AVPT. Vanguard Group Inc. increased its position in shares of AvePoint by 227.8% in the 1st quarter. Vanguard Group Inc. now owns 10,390,928 shares of the company’s stock valued at $54,656,000 after buying an additional 7,220,811 shares in the last quarter. BlackRock Inc. raised its position in shares of AvePoint by 32.6% during the second quarter. BlackRock Inc. now owns 10,382,686 shares of the company’s stock worth $59,804,000 after purchasing an additional 2,553,858 shares during the period. State Street Corp lifted its holdings in shares of AvePoint by 243.5% during the 2nd quarter. State Street Corp now owns 2,143,383 shares of the company’s stock valued at $9,302,000 after purchasing an additional 1,519,449 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of AvePoint by 949.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,550,288 shares of the company’s stock valued at $8,930,000 after purchasing an additional 1,402,604 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in AvePoint by 274.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,835,402 shares of the company’s stock worth $12,334,000 after purchasing an additional 1,345,267 shares in the last quarter. 44.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at AvePoint

In related news, insider Brian Michael Brown sold 20,000 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $8.11, for a total transaction of $162,200.00. Following the completion of the transaction, the insider now directly owns 1,286,088 shares of the company’s stock, valued at $10,430,173.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders have sold 43,061 shares of company stock valued at $342,288. 27.78% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Cantor Fitzgerald upped their price target on shares of AvePoint from $10.00 to $11.00 and gave the company an “overweight” rating in a report on Friday, March 1st. Evercore ISI upped their target price on shares of AvePoint from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Finally, Citigroup increased their target price on AvePoint from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Wednesday, January 10th.

AvePoint Stock Up 0.1 %

Shares of AVPT opened at $7.69 on Monday. AvePoint, Inc. has a twelve month low of $4.01 and a twelve month high of $8.61. The stock has a market capitalization of $1.42 billion, a P/E ratio of -64.08 and a beta of 0.85. The company has a 50 day moving average of $7.86 and a 200-day moving average of $7.88.

AvePoint (NASDAQ:AVPT) last released its earnings results on Thursday, February 29th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). AvePoint had a negative net margin of 7.94% and a negative return on equity of 9.94%. The business had revenue of $74.60 million during the quarter, compared to the consensus estimate of $71.57 million. During the same period last year, the business posted ($0.07) EPS. The firm’s revenue for the quarter was up 17.3% on a year-over-year basis. On average, sell-side analysts anticipate that AvePoint, Inc. will post -0.15 earnings per share for the current fiscal year.

AvePoint 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.