Invesco Ltd. Lowers Position in AvePoint, Inc. (NASDAQ:AVPT)

Invesco Ltd. trimmed its stake in shares of AvePoint, Inc. (NASDAQ:AVPT) by 16.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 788,519 shares of the company’s stock after selling 150,908 shares during the period. Invesco Ltd. owned 0.42% of AvePoint worth $13,018,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Global Retirement Partners LLC purchased a new position in shares of AvePoint during the fourth quarter valued at about $25,000. Heck Capital Advisors LLC purchased a new position in AvePoint during the 4th quarter valued at approximately $29,000. R Squared Ltd bought a new stake in AvePoint in the 4th quarter worth approximately $45,000. Principal Securities Inc. raised its holdings in shares of AvePoint by 12,961.9% during the 4th quarter. Principal Securities Inc. now owns 2,743 shares of the company’s stock worth $45,000 after acquiring an additional 2,722 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of AvePoint by 29.7% during the 4th quarter. Pacer Advisors Inc. now owns 4,409 shares of the company’s stock valued at $73,000 after acquiring an additional 1,010 shares during the last quarter. 44.49% of the stock is currently owned by institutional investors.

Insider Activity at AvePoint

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

AvePoint Trading Down 2.8 %

Shares of AVPT opened at $14.03 on Tuesday. AvePoint, Inc. has a twelve month low of $7.65 and a twelve month high of $19.90. The company’s fifty day simple moving average is $15.36 and its 200-day simple moving average is $15.96. The company has a market cap of $2.83 billion, a P/E ratio of -280.54 and a beta of 1.20.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on AVPT shares. William Blair reaffirmed an “outperform” rating on shares of AvePoint in a research note on Tuesday, March 4th. Citigroup lowered their price target on shares of AvePoint from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $15.75.

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.