Counterpoint Mutual Funds LLC Has $384,000 Position in AvePoint, Inc. $AVPT

Counterpoint Mutual Funds LLC decreased its holdings in AvePoint, Inc. (NASDAQ:AVPT) by 81.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,612 shares of the company’s stock after selling 112,540 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in AvePoint were worth $384,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in AVPT. Vanguard Group Inc. lifted its stake in 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 purchasing an additional 704,825 shares during the period. Invesco Ltd. raised its holdings in shares of AvePoint by 218.0% in the 2nd quarter. Invesco Ltd. now owns 5,335,882 shares of the company’s stock worth $103,036,000 after buying an additional 3,657,692 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of AvePoint by 6.1% during the 2nd quarter. Geode Capital Management LLC now owns 3,122,598 shares of the company’s stock worth $60,304,000 after buying an additional 179,694 shares during the period. Jennison Associates LLC boosted its stake in AvePoint by 37.0% in the 2nd quarter. Jennison Associates LLC now owns 2,908,473 shares of the company’s stock valued at $56,163,000 after buying an additional 786,016 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in AvePoint by 72.2% in the 2nd quarter. Franklin Resources Inc. now owns 2,130,124 shares of the company’s stock valued at $41,133,000 after buying an additional 893,384 shares in the last quarter. 44.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AVPT. Cantor Fitzgerald cut their price objective on AvePoint from $22.50 to $18.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Evercore cut their price target on shares of AvePoint from $22.00 to $18.00 and set an “outperform” rating for the company in a report on Friday, November 7th. Jefferies Financial Group decreased their price objective on shares of AvePoint from $20.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AvePoint in a report on Monday, December 29th. Finally, Scotiabank reduced their target price on AvePoint from $22.00 to $17.00 and set a “sector outperform” rating on the stock in a report on Friday, November 7th. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.66.

AvePoint Stock Up 1.0%

Shares of NASDAQ AVPT opened at $10.23 on Thursday. AvePoint, Inc. has a 1-year low of $9.85 and a 1-year high of $20.25. The company has a 50-day moving average of $12.27 and a two-hundred day moving average of $13.72.

Insider Activity at AvePoint

In other news, Chairman Xunkai Gong sold 27,998 shares of the business’s stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $13.39, for a total transaction of $374,893.22. Following the completion of the sale, the chairman owned 14,920,668 shares in the company, valued at $199,787,744.52. The trade was a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 26.19% of the company’s stock.

About AvePoint

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.