M&T Bank Corp Has $319,000 Stock Holdings in AvePoint, Inc. (NASDAQ:AVPT)

M&T Bank Corp lifted its stake in shares of AvePoint, Inc. (NASDAQ:AVPT) by 3.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,058 shares of the company’s stock after purchasing an additional 634 shares during the period. M&T Bank Corp’s holdings in AvePoint were worth $319,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in AVPT. Northern Trust Corp increased its position in AvePoint by 9.4% in the 4th quarter. Northern Trust Corp now owns 1,160,554 shares of the company’s stock valued at $19,161,000 after acquiring an additional 99,725 shares during the period. Two Sigma Investments LP increased its holdings in shares of AvePoint by 155.5% during the fourth quarter. Two Sigma Investments LP now owns 108,192 shares of the company’s stock valued at $1,786,000 after acquiring an additional 65,852 shares in the last quarter. Summit Investment Advisors Inc. increased its holdings in shares of AvePoint by 8.4% during the fourth quarter. Summit Investment Advisors Inc. now owns 13,475 shares of the company’s stock valued at $222,000 after acquiring an additional 1,042 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in AvePoint by 282.9% during the fourth quarter. Ameriprise Financial Inc. now owns 45,751 shares of the company’s stock worth $755,000 after buying an additional 33,801 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in AvePoint by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 15,280,202 shares of the company’s stock worth $252,276,000 after buying an additional 150,885 shares in the last quarter. Institutional investors own 44.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AVPT. Scotiabank upped their price target on AvePoint from $19.00 to $22.00 and gave the company a “sector outperform” rating in a research report on Friday, May 9th. The Goldman Sachs Group upped their target price on AvePoint from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Monday, May 12th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $17.40.

AvePoint Stock Up 1.1%

Shares of AvePoint stock opened at $18.96 on Friday. The stock’s 50-day simple moving average is $18.80 and its 200-day simple moving average is $17.17. AvePoint, Inc. has a 52 week low of $9.38 and a 52 week high of $20.25. The company has a market capitalization of $3.85 billion, a price-to-earnings ratio of -145.83 and a beta of 1.33.

Insider Buying and Selling

In related news, Director Jeff Epstein sold 500,000 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $18.77, for a total value of $9,385,000.00. Following the transaction, the director owned 1,157,891 shares of the company’s stock, valued at $21,733,614.07. This represents a 30.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian Michael Brown sold 35,000 shares of the company’s stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $18.23, for a total value of $638,050.00. Following the sale, the insider owned 1,225,443 shares of the company’s stock, valued at approximately $22,339,825.89. This represents a 2.78% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 605,000 shares of company stock worth $11,188,550. Insiders own 26.19% of the company’s stock.

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.