Versor Investments LP Boosts Stock Holdings in AvePoint, Inc. (NASDAQ:AVPT)

Versor Investments LP lifted its position in AvePoint, Inc. (NASDAQ:AVPT) by 75.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,800 shares of the company’s stock after purchasing an additional 13,700 shares during the period. Versor Investments LP’s holdings in AvePoint were worth $525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Creative Planning raised its position in shares of AvePoint by 19.1% in the third quarter. Creative Planning now owns 29,345 shares of the company’s stock worth $345,000 after acquiring an additional 4,698 shares during the period. US Bancorp DE increased its stake in shares of AvePoint by 8.0% in the 3rd quarter. US Bancorp DE now owns 18,706 shares of the company’s stock valued at $220,000 after purchasing an additional 1,391 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in AvePoint in the 3rd quarter worth about $1,404,000. Sheets Smith Wealth Management boosted its position in AvePoint by 64.8% during the third quarter. Sheets Smith Wealth Management now owns 37,152 shares of the company’s stock worth $437,000 after purchasing an additional 14,614 shares in the last quarter. Finally, Lisanti Capital Growth LLC acquired a new stake in AvePoint in the third quarter valued at approximately $1,424,000. 44.49% of the stock is owned by hedge funds and other institutional investors.

AvePoint Price Performance

NASDAQ AVPT opened at $14.94 on Friday. AvePoint, Inc. has a 1-year low of $7.08 and a 1-year high of $19.90. The company has a market cap of $2.79 billion, a PE ratio of -298.74 and a beta of 1.02. The stock’s 50 day simple moving average is $17.80 and its 200-day simple moving average is $15.15.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AVPT. Citigroup upped their target price on AvePoint from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. The Goldman Sachs Group upped their price objective on shares of AvePoint from $7.50 to $15.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th.

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.