AvePoint, Inc. (NASDAQ:AVPT) Position Increased by Renaissance Technologies LLC

Renaissance Technologies LLC raised its position in AvePoint, Inc. (NASDAQ:AVPT) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,151,600 shares of the company’s stock after purchasing an additional 25,000 shares during the quarter. Renaissance Technologies LLC owned approximately 0.62% of AvePoint worth $19,013,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of AVPT. Global Retirement Partners LLC bought a new stake in shares of AvePoint in the 4th quarter valued at approximately $25,000. National Bank of Canada FI bought a new stake in AvePoint in the third quarter worth approximately $29,000. Heck Capital Advisors LLC acquired a new position in shares of AvePoint during the 4th quarter worth $29,000. R Squared Ltd bought a new position in shares of AvePoint during the 4th quarter valued at $45,000. Finally, Principal Securities Inc. lifted its stake in shares of AvePoint by 12,961.9% in the 4th 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 during the last quarter. 44.49% of the stock is owned by institutional investors and hedge funds.

AvePoint Price Performance

AvePoint stock opened at $14.53 on Monday. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of -290.54 and a beta of 1.20. The firm has a fifty day moving average price of $15.95 and a two-hundred day moving average price of $15.84. AvePoint, Inc. has a fifty-two week low of $7.62 and a fifty-two week high of $19.90.

Wall Street Analysts Forecast Growth

AVPT has been the topic of several analyst reports. William Blair reissued an “outperform” rating on shares of AvePoint in a research report on Tuesday, March 4th. Citigroup lowered their price objective on AvePoint from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, AvePoint has an average rating of “Moderate Buy” and a consensus price target of $15.75.

Insider Buying and Selling

In related news, insider Brian Michael Brown sold 35,000 shares of the business’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $15.40, for a total transaction of $539,000.00. Following the transaction, the insider now owns 1,347,145 shares of the company’s stock, valued at approximately $20,746,033. The trade was a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 26.19% of the stock is owned by insiders.

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.