Cornerstone Investment Partners LLC Purchases New Shares in AvePoint, Inc. (NASDAQ:AVPT)

Cornerstone Investment Partners LLC purchased a new position in AvePoint, Inc. (NASDAQ:AVPT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,981 shares of the company’s stock, valued at approximately $181,000.

Other institutional investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC purchased a new stake in shares of AvePoint in the 4th quarter worth about $25,000. National Bank of Canada FI purchased a new position in AvePoint during the 3rd quarter valued at about $29,000. Heck Capital Advisors LLC bought a new stake in AvePoint during the fourth quarter worth about $29,000. R Squared Ltd purchased a new stake in AvePoint in the fourth quarter worth about $45,000. Finally, Principal Securities Inc. increased its stake in shares of AvePoint by 12,961.9% during the fourth quarter. Principal Securities Inc. now owns 2,743 shares of the company’s stock valued at $45,000 after purchasing an additional 2,722 shares in the last quarter. Institutional investors own 44.49% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on AVPT shares. William Blair reissued an “outperform” rating on shares of AvePoint in a research report on Tuesday. Citigroup boosted their target price on AvePoint from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. Finally, The Goldman Sachs Group increased their target price on AvePoint from $7.50 to $15.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $16.25.

AvePoint Stock Down 1.3 %

Shares of AVPT opened at $14.84 on Wednesday. AvePoint, Inc. has a twelve month low of $7.08 and a twelve month high of $19.90. The company has a market capitalization of $2.77 billion, a P/E ratio of -296.74 and a beta of 1.02. The firm has a 50 day moving average of $17.69 and a 200 day moving average of $15.24.

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.