American Century Companies Inc. Has $930,000 Stock Position in AvePoint, Inc. $AVPT

American Century Companies Inc. lifted its stake in shares of AvePoint, Inc. (NASDAQ:AVPT) by 83.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 64,373 shares of the company’s stock after purchasing an additional 29,365 shares during the period. American Century Companies Inc.’s holdings in AvePoint were worth $930,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. M&T Bank Corp raised its position in AvePoint by 3.0% during the first quarter. M&T Bank Corp now owns 22,058 shares of the company’s stock worth $319,000 after acquiring an additional 634 shares in the last quarter. SG Americas Securities LLC increased its position in AvePoint by 3.1% during the first quarter. SG Americas Securities LLC now owns 30,982 shares of the company’s stock worth $447,000 after buying an additional 922 shares during the last quarter. Sheaff Brock Investment Advisors LLC raised its stake in AvePoint by 4.9% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 23,961 shares of the company’s stock valued at $346,000 after buying an additional 1,117 shares during the period. Heck Capital Advisors LLC bought a new stake in AvePoint in the fourth quarter valued at approximately $29,000. Finally, Versant Capital Management Inc acquired a new stake in shares of AvePoint in the first quarter valued at approximately $31,000. Institutional investors and hedge funds own 44.49% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Jefferies Financial Group initiated coverage on AvePoint in a report on Monday, July 21st. They set a “buy” rating and a $22.00 target price on the stock. Scotiabank lifted their price objective on shares of AvePoint from $19.00 to $22.00 and gave the stock a “sector outperform” rating in a research report on Friday, May 9th. The Goldman Sachs Group increased 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. Citigroup reduced their target price on shares of AvePoint from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, August 18th. Finally, Cantor Fitzgerald upgraded shares of AvePoint to a “strong-buy” rating in a research note on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.80.

AvePoint Stock Performance

Shares of AvePoint stock opened at $16.10 on Thursday. The firm has a 50-day moving average of $17.38 and a 200-day moving average of $16.90. AvePoint, Inc. has a 52-week low of $11.33 and a 52-week high of $20.25. The stock has a market cap of $3.41 billion, a PE ratio of -321.94 and a beta of 1.40.

Insider Transactions at AvePoint

In other AvePoint news, insider Brian Michael Brown sold 35,000 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $15.47, for a total transaction of $541,450.00. Following the transaction, the insider owned 1,155,443 shares in the company, valued at $17,874,703.21. This represents a 2.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders have sold 105,000 shares of company stock valued at $1,835,400. Insiders own 26.19% of the company’s stock.

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.