AvePoint, Inc. $AVPT Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. trimmed its holdings in shares of AvePoint, Inc. (NASDAQ:AVPT) by 12.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 65,473 shares of the company’s stock after selling 9,502 shares during the period. D.A. Davidson & CO.’s holdings in AvePoint were worth $1,264,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Summit Securities Group LLC lifted its stake in AvePoint by 621.7% during the 1st quarter. Summit Securities Group LLC now owns 2,627 shares of the company’s stock valued at $38,000 after acquiring an additional 2,263 shares during the period. Quarry LP lifted its stake in AvePoint by 2,028.3% during the 1st quarter. Quarry LP now owns 3,831 shares of the company’s stock valued at $55,000 after acquiring an additional 3,651 shares during the period. KBC Group NV acquired a new stake in AvePoint during the 1st quarter valued at approximately $67,000. Catalyst Capital Advisors LLC acquired a new stake in AvePoint during the 1st quarter valued at approximately $100,000. Finally, CWM LLC lifted its stake in AvePoint by 109.4% during the 1st quarter. CWM LLC now owns 7,328 shares of the company’s stock valued at $106,000 after acquiring an additional 3,829 shares during the period. 44.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director John Chi On Ho sold 650,000 shares of the business’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $15.21, for a total value of $9,886,500.00. Following the completion of the sale, the director owned 3,732,679 shares of the company’s stock, valued at approximately $56,774,047.59. The trade was a 14.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian Michael Brown sold 35,000 shares of the business’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $15.56, for a total transaction of $544,600.00. Following the completion of the sale, the insider directly owned 633,741 shares of the company’s stock, valued at approximately $9,861,009.96. The trade was a 5.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,693,932 shares of company stock worth $86,624,872 in the last 90 days. 26.19% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on AVPT. B. Riley assumed coverage on shares of AvePoint in a research note on Tuesday, August 26th. They set a “buy” rating and a $25.00 price objective for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of AvePoint in a research note on Wednesday, October 8th. DA Davidson assumed coverage on shares of AvePoint in a research note on Monday, September 22nd. They issued a “buy” rating and a $20.00 target price for the company. Dbs Bank upgraded shares of AvePoint to a “moderate buy” rating in a research note on Monday, October 6th. Finally, Morgan Stanley set a $18.30 target price on shares of AvePoint in a research note on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, AvePoint has an average rating of “Moderate Buy” and a consensus target price of $19.91.

AvePoint Stock Performance

Shares of NASDAQ AVPT opened at $14.72 on Tuesday. The firm has a market cap of $3.12 billion, a PE ratio of -294.34 and a beta of 1.41. The firm has a fifty day moving average of $15.34 and a 200 day moving average of $16.90. AvePoint, Inc. has a one year low of $11.92 and a one year high of $20.25.

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.