AvePoint, Inc. (NASDAQ:AVPT) Shares Acquired by Corton Capital Inc.

Corton Capital Inc. boosted its stake in AvePoint, Inc. (NASDAQ:AVPT) by 23.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,482 shares of the company’s stock after buying an additional 3,543 shares during the quarter. Corton Capital Inc.’s holdings in AvePoint were worth $305,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AVPT. Global Retirement Partners LLC purchased a new position in shares of AvePoint in the fourth quarter valued at approximately $25,000. Heck Capital Advisors LLC purchased a new position in AvePoint in the 4th quarter valued at $29,000. R Squared Ltd acquired a new position in AvePoint during the fourth quarter worth about $45,000. Principal Securities Inc. grew its holdings in 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 buying an additional 2,722 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in AvePoint by 29.7% during the fourth quarter. Pacer Advisors Inc. now owns 4,409 shares of the company’s stock worth $73,000 after purchasing an additional 1,010 shares during the last quarter. 44.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at AvePoint

In related news, insider Brian Michael Brown sold 35,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $15.11, for a total transaction of $528,850.00. Following the completion of the sale, the insider now owns 1,312,145 shares in the company, valued at $19,826,510.95. The trade was a 2.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 26.19% of the company’s stock.

Analyst Ratings Changes

AVPT has been the subject of several analyst reports. Scotiabank assumed coverage on shares of AvePoint in a research note on Thursday, May 1st. They issued a “sector outperform” rating and a $19.00 price target for the company. William Blair reiterated an “outperform” rating on shares of AvePoint in a report on Tuesday, March 4th. Finally, Citigroup cut their target price on AvePoint from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $16.40.

AvePoint Trading Down 0.4 %

Shares of NASDAQ AVPT opened at $16.97 on Wednesday. The stock has a market capitalization of $3.43 billion, a PE ratio of -339.39 and a beta of 1.30. AvePoint, Inc. has a twelve month low of $8.06 and a twelve month high of $19.90. The stock has a fifty day simple moving average of $14.89 and a 200-day simple moving average of $16.23.

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.