AvePoint, Inc. (NASDAQ:AVPT) Shares Bought by Strs Ohio

Strs Ohio grew its position in shares of AvePoint, Inc. (NASDAQ:AVPT) by 3.9% during the fourth quarter, Holdings Channel reports. The firm owned 88,400 shares of the company’s stock after acquiring an additional 3,300 shares during the quarter. Strs Ohio’s holdings in AvePoint were worth $725,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Arizona State Retirement System lifted its stake in AvePoint by 16.1% during the fourth quarter. Arizona State Retirement System now owns 31,097 shares of the company’s stock worth $255,000 after purchasing an additional 4,303 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of AvePoint in the fourth quarter valued at $95,000. Harbor Capital Advisors Inc. raised its stake in shares of AvePoint by 65.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 25,211 shares of the company’s stock valued at $207,000 after acquiring an additional 9,990 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of AvePoint in the third quarter valued at $402,000. Finally, Numerai GP LLC acquired a new stake in shares of AvePoint in the third quarter valued at $559,000. 44.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on AVPT. Evercore ISI increased their price objective on AvePoint from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Citigroup increased their price objective on AvePoint from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Wednesday, January 10th. Finally, Cantor Fitzgerald increased their price objective on AvePoint from $10.00 to $11.00 and gave the company an “overweight” rating in a research note on Friday, March 1st.

Insiders Place Their Bets

In other AvePoint news, insider Brian Michael Brown sold 20,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $8.11, for a total transaction of $162,200.00. Following the transaction, the insider now owns 1,286,088 shares of the company’s stock, valued at $10,430,173.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders have sold 43,061 shares of company stock valued at $342,288. 27.78% of the stock is currently owned by insiders.

AvePoint Price Performance

NASDAQ:AVPT opened at $7.92 on Friday. The firm has a market capitalization of $1.46 billion, a PE ratio of -65.99 and a beta of 0.85. The business’s fifty day moving average price is $7.85 and its 200 day moving average price is $7.90. AvePoint, Inc. has a 12 month low of $4.01 and a 12 month high of $8.61.

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

About AvePoint

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.