US Bancorp DE Sells 975 Shares of AvePoint, Inc. (NASDAQ:AVPT)

US Bancorp DE decreased its holdings in shares of AvePoint, Inc. (NASDAQ:AVPT) by 8.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,999 shares of the company’s stock after selling 975 shares during the period. US Bancorp DE’s holdings in AvePoint were worth $144,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. XTX Topco Ltd boosted its holdings in AvePoint by 118.9% in the first quarter. XTX Topco Ltd now owns 28,293 shares of the company’s stock worth $409,000 after purchasing an additional 15,369 shares during the last quarter. Sheaff Brock Investment Advisors LLC increased its holdings in shares of AvePoint by 4.9% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 23,961 shares of the company’s stock worth $346,000 after buying an additional 1,117 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of AvePoint by 38.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,772 shares of the company’s stock worth $618,000 after purchasing an additional 11,919 shares during the period. Cetera Investment Advisers purchased a new position in shares of AvePoint during the 1st quarter worth about $556,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of AvePoint during the 1st quarter worth about $206,000. Institutional investors own 44.49% of the company’s stock.

Analysts Set New Price Targets

AVPT has been the subject of several research reports. The Goldman Sachs Group boosted their price objective on shares of AvePoint from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Monday, May 12th. Scotiabank upped their price target on shares of AvePoint from $19.00 to $22.00 and gave the company a “sector outperform” rating in a research note on Friday, May 9th. Cantor Fitzgerald upgraded shares of AvePoint to a “strong-buy” rating in a research note on Friday, July 25th. Finally, Jefferies Financial Group assumed coverage on shares of AvePoint in a report on Monday, July 21st. They set a “buy” rating and a $22.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $19.25.

AvePoint Stock Up 2.5%

Shares of AvePoint stock opened at $15.03 on Friday. AvePoint, Inc. has a 52-week low of $10.65 and a 52-week high of $20.25. The company has a 50 day moving average of $18.19 and a 200 day moving average of $17.21. The company has a market capitalization of $3.19 billion, a P/E ratio of -300.54 and a beta of 1.35.

Insider Activity at AvePoint

In other news, Director Jeff Epstein sold 500,000 shares of AvePoint stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $18.77, for a total value of $9,385,000.00. Following the transaction, the director directly owned 1,157,891 shares of the company’s stock, valued at $21,733,614.07. The trade was a 30.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brian Michael Brown sold 35,000 shares of AvePoint stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $18.74, for a total transaction of $655,900.00. Following the completion of the transaction, the insider directly owned 1,190,443 shares in the company, valued at $22,308,901.82. The trade was a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 605,000 shares of company stock valued at $11,315,600 in the last 90 days. 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.