Voya Investment Management LLC Has $7.55 Million Stock Position in AvePoint, Inc. $AVPT

Voya Investment Management LLC grew its stake in shares of AvePoint, Inc. (NASDAQ:AVPT) by 16.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 523,149 shares of the company’s stock after acquiring an additional 74,617 shares during the period. Voya Investment Management LLC owned 0.26% of AvePoint worth $7,554,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AVPT. Rhumbline Advisers lifted its holdings in AvePoint by 3.8% during the 1st quarter. Rhumbline Advisers now owns 189,903 shares of the company’s stock worth $2,742,000 after purchasing an additional 6,913 shares during the last quarter. Strs Ohio acquired a new position in AvePoint in the 1st quarter valued at $787,000. Intech Investment Management LLC increased its position in AvePoint by 20.2% during the 1st quarter. Intech Investment Management LLC now owns 78,453 shares of the company’s stock worth $1,133,000 after buying an additional 13,197 shares during the period. Focus Partners Wealth acquired a new stake in shares of AvePoint during the first quarter worth $737,000. Finally, Caxton Associates LLP bought a new stake in shares of AvePoint in the first quarter valued at about $351,000. Institutional investors and hedge funds own 44.49% of the company’s stock.

Insider Buying and Selling at AvePoint

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AVPT. Jefferies Financial Group started coverage on shares of AvePoint in a research report on Monday, July 21st. They set a “buy” rating and a $22.00 price target on the stock. Cantor Fitzgerald raised shares of AvePoint to a “strong-buy” rating in a report on Friday, July 25th. B. Riley started coverage on shares of AvePoint in a research report on Tuesday, August 26th. They issued a “buy” rating and a $25.00 price target for the company. Finally, Citigroup reduced their price target on AvePoint from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $20.80.

AvePoint Stock Performance

NASDAQ AVPT opened at $15.44 on Thursday. AvePoint, Inc. has a fifty-two week low of $11.43 and a fifty-two week high of $20.25. The stock has a market cap of $3.27 billion, a PE ratio of -308.74 and a beta of 1.40. The firm’s fifty day moving average price is $16.79 and its two-hundred day moving average price is $16.78.

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.