Brokerages Set AvePoint, Inc. (NASDAQ:AVPT) PT at $20.80

Shares of AvePoint, Inc. (NASDAQ:AVPT) have been assigned a consensus rating of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $20.80.

A number of equities analysts have commented on the stock. Citigroup reduced their price target on shares of AvePoint from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, August 18th. Cantor Fitzgerald upgraded shares of AvePoint to a “strong-buy” rating in a research report on Friday, July 25th. Jefferies Financial Group assumed coverage on shares of AvePoint in a research report on Monday, July 21st. They issued a “buy” rating and a $22.00 price target on the stock. Finally, B. Riley assumed coverage on shares of AvePoint in a research report on Tuesday, August 26th. They issued a “buy” rating and a $25.00 price target on the stock.

Insider Buying and Selling at AvePoint

In other AvePoint news, insider Brian Michael Brown sold 35,000 shares of the business’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $15.47, for a total value of $541,450.00. Following the completion of the transaction, the insider directly owned 1,155,443 shares of the company’s stock, valued at approximately $17,874,703.21. The trade was a 2.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold 105,000 shares of company stock valued at $1,835,400 over the last ninety days. Insiders own 26.19% of the company’s stock.

Hedge Funds Weigh In On AvePoint

A number of institutional investors have recently modified their holdings of AVPT. Heck Capital Advisors LLC bought a new position in shares of AvePoint in the fourth quarter worth about $29,000. Versant Capital Management Inc bought a new position in shares of AvePoint in the first quarter worth about $31,000. Summit Securities Group LLC raised its stake in shares of AvePoint by 621.7% in the first quarter. Summit Securities Group LLC now owns 2,627 shares of the company’s stock worth $38,000 after acquiring an additional 2,263 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in shares of AvePoint in the fourth quarter worth about $40,000. Finally, Advisors Asset Management Inc. raised its stake in shares of AvePoint by 68.4% in the second quarter. Advisors Asset Management Inc. now owns 2,263 shares of the company’s stock worth $44,000 after acquiring an additional 919 shares during the last quarter. 44.49% of the stock is owned by institutional investors.

AvePoint Stock Up 0.2%

NASDAQ:AVPT opened at $16.61 on Wednesday. The firm has a market cap of $3.52 billion, a PE ratio of -332.13 and a beta of 1.40. AvePoint has a 12 month low of $11.43 and a 12 month high of $20.25. The company’s 50-day moving average price is $17.16 and its two-hundred day moving average price is $16.82.

AvePoint Company Profile

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.