MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $1.21 Million Holdings in AvePoint, Inc. (NASDAQ:AVPT)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of AvePoint, Inc. (NASDAQ:AVPT) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,299 shares of the company’s stock after buying an additional 3,842 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in AvePoint were worth $1,210,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Barclays PLC increased its position in shares of AvePoint by 358.5% in the 3rd quarter. Barclays PLC now owns 206,358 shares of the company’s stock valued at $2,428,000 after buying an additional 161,354 shares in the last quarter. SG Americas Securities LLC grew its stake in AvePoint by 31.2% in the fourth quarter. SG Americas Securities LLC now owns 30,060 shares of the company’s stock valued at $496,000 after acquiring an additional 7,141 shares during the period. Pacer Advisors Inc. increased its holdings in shares of AvePoint by 29.7% in the fourth quarter. Pacer Advisors Inc. now owns 4,409 shares of the company’s stock worth $73,000 after acquiring an additional 1,010 shares in the last quarter. R Squared Ltd acquired a new stake in shares of AvePoint during the fourth quarter worth about $45,000. Finally, Baader Bank Aktiengesellschaft bought a new position in shares of AvePoint during the 4th quarter valued at about $190,000. 44.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Brian Michael Brown sold 35,000 shares of the company’s stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $15.11, for a total transaction of $528,850.00. Following the sale, the insider now owns 1,312,145 shares in the company, valued at approximately $19,826,510.95. This represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 26.19% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AVPT has been the subject of a number of research reports. Scotiabank increased their target price on AvePoint from $19.00 to $22.00 and gave the stock a “sector outperform” rating in a research note on Friday, May 9th. William Blair reissued an “outperform” rating on shares of AvePoint in a research report on Tuesday, March 4th. The Goldman Sachs Group raised their price objective on shares of AvePoint from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Monday, May 12th. Finally, Citigroup reduced their target price on shares of AvePoint from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, AvePoint presently has a consensus rating of “Moderate Buy” and an average price target of $17.40.

AvePoint Stock Up 0.7%

Shares of AVPT opened at $18.23 on Monday. AvePoint, Inc. has a twelve month low of $8.87 and a twelve month high of $20.25. The stock has a market capitalization of $3.70 billion, a P/E ratio of -364.53 and a beta of 1.30. The company has a 50 day moving average of $15.99 and a 200-day moving average of $16.84.

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.