Raymond James Financial Inc. Purchases New Holdings in AvePoint, Inc. (NASDAQ:AVPT)

Raymond James Financial Inc. acquired a new position in shares of AvePoint, Inc. (NASDAQ:AVPT) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,094,317 shares of the company’s stock, valued at approximately $18,067,000. Raymond James Financial Inc. owned approximately 0.59% of AvePoint at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in AVPT. Vanguard Group Inc. raised its stake in AvePoint by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 15,280,202 shares of the company’s stock valued at $252,276,000 after purchasing an additional 150,885 shares during the last quarter. Wellington Management Group LLP raised its position in shares of AvePoint by 56.9% in the fourth quarter. Wellington Management Group LLP now owns 6,430,203 shares of the company’s stock valued at $106,163,000 after buying an additional 2,332,813 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of AvePoint by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 2,850,268 shares of the company’s stock worth $47,067,000 after buying an additional 20,720 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in AvePoint by 566.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,678,403 shares of the company’s stock worth $44,220,000 after acquiring an additional 2,276,258 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in AvePoint by 7.9% during the 4th quarter. JPMorgan Chase & Co. now owns 1,657,804 shares of the company’s stock valued at $27,370,000 after acquiring an additional 121,144 shares in the last quarter. Hedge funds and other institutional investors own 44.49% of the company’s stock.

Analyst Upgrades and Downgrades

AVPT has been the topic of a number of research reports. William Blair reissued an “outperform” rating on shares of AvePoint in a research note on Tuesday, March 4th. Citigroup lowered their price objective on AvePoint from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $15.75.

AvePoint Stock Performance

AVPT opened at $14.43 on Monday. The business’s 50 day moving average price is $15.47 and its 200 day moving average price is $15.94. The stock has a market capitalization of $2.91 billion, a PE ratio of -288.54 and a beta of 1.20. AvePoint, Inc. has a one year low of $7.65 and a one year high of $19.90.

Insider Activity

In other news, insider Brian Michael Brown sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $15.40, for a total value of $539,000.00. Following the sale, the insider now directly owns 1,347,145 shares of the company’s stock, valued at approximately $20,746,033. The trade was a 2.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 26.19% of the company’s stock.

AvePoint Company 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.