CenterBook Partners LP Has $2.66 Million Holdings in AvePoint, Inc. $AVPT

CenterBook Partners LP boosted its position in shares of AvePoint, Inc. (NASDAQ:AVPT) by 133.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,413 shares of the company’s stock after purchasing an additional 101,575 shares during the period. CenterBook Partners LP owned about 0.08% of AvePoint worth $2,663,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AVPT. Vanguard Group Inc. grew its holdings in shares of AvePoint by 4.3% during the third quarter. Vanguard Group Inc. now owns 17,209,139 shares of the company’s stock worth $258,309,000 after buying an additional 704,825 shares in the last quarter. Invesco Ltd. raised its holdings in shares of AvePoint by 218.0% in the second quarter. Invesco Ltd. now owns 5,335,882 shares of the company’s stock valued at $103,036,000 after purchasing an additional 3,657,692 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of AvePoint by 6.1% in the second quarter. Geode Capital Management LLC now owns 3,122,598 shares of the company’s stock worth $60,304,000 after purchasing an additional 179,694 shares in the last quarter. Jennison Associates LLC lifted its position in shares of AvePoint by 37.0% in the second quarter. Jennison Associates LLC now owns 2,908,473 shares of the company’s stock worth $56,163,000 after purchasing an additional 786,016 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in AvePoint by 72.2% in the second quarter. Franklin Resources Inc. now owns 2,130,124 shares of the company’s stock valued at $41,133,000 after purchasing an additional 893,384 shares in the last quarter. 44.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on AVPT shares. Scotiabank decreased their price objective on AvePoint from $22.00 to $17.00 and set a “sector outperform” rating for the company in a report on Friday, November 7th. Cantor Fitzgerald reduced their price target on AvePoint from $22.50 to $18.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Zacks Research downgraded AvePoint from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 9th. Wall Street Zen upgraded AvePoint from a “hold” rating to a “buy” rating in a research note on Sunday, November 9th. Finally, Stephens initiated coverage on AvePoint in a report on Monday, December 29th. They issued an “overweight” rating and a $18.00 price objective for the company. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $18.21.

Insider Buying and Selling

In other AvePoint news, Chairman Xunkai Gong sold 32,002 shares of AvePoint stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $13.66, for a total value of $437,147.32. Following the completion of the sale, the chairman owned 14,948,666 shares in the company, valued at $204,198,777.56. The trade was a 0.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 26.19% of the company’s stock.

AvePoint Stock Performance

NASDAQ AVPT opened at $10.63 on Friday. The firm has a 50-day moving average of $12.54 and a 200-day moving average of $13.94. AvePoint, Inc. has a 52-week low of $10.12 and a 52-week high of $20.25.

AvePoint Company Profile

AvePoint, Inc (NASDAQ:AVPT) is a leading software provider specializing in data management, governance, and compliance solutions for Microsoft 365 and related cloud platforms. Founded in 2001 and headquartered in Jersey City, New Jersey, the company offers a comprehensive suite of cloud-based and on-premises tools designed to help organizations migrate, manage, and protect their collaboration data. AvePoint’s flagship Cloud Platform delivers backup, governance, reporting, and migration services for SharePoint, Teams, Exchange, OneDrive, and Salesforce environments.

With a customer base spanning thousands of organizations across more than 100 countries, AvePoint serves enterprises, government agencies, and educational institutions seeking to ensure data security, regulatory compliance, and operational resilience.