AvePoint (NASDAQ:AVPT) Chairman Xunkai Gong Sells 28,050 Shares of Stock

AvePoint, Inc. (NASDAQ:AVPT) Chairman Xunkai Gong sold 28,050 shares of AvePoint stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $14.84, for a total value of $416,262.00. Following the completion of the transaction, the chairman directly owned 15,160,668 shares in the company, valued at approximately $224,984,313.12. This represents a 0.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Xunkai Gong also recently made the following trade(s):

• On Monday, September 29th, Xunkai Gong sold 31,950 shares of AvePoint stock. The stock was sold at an average price of $15.34, for a total value of $490,113.00.
• On Thursday, September 18th, Xunkai Gong sold 2,068,966 shares of AvePoint stock. The stock was sold at an average price of $15.21, for a total value of $31,468,972.86.

AvePoint Stock Up 1.0%

Shares of NASDAQ AVPT opened at $14.86 on Friday. The business’s 50 day moving average is $16.07 and its two-hundred day moving average is $16.85. The company has a market cap of $3.15 billion, a P/E ratio of -297.14 and a beta of 1.41. AvePoint, Inc. has a 12 month low of $11.43 and a 12 month high of $20.25.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Jefferies Financial Group assumed coverage on AvePoint in a report on Monday, July 21st. They set a “buy” rating and a $22.00 price objective on the stock. Citigroup decreased their price objective on AvePoint from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, August 18th. DA Davidson assumed coverage on AvePoint in a report on Monday, September 22nd. They set a “buy” rating and a $20.00 price objective on the stock. B. Riley assumed coverage on AvePoint in a report on Tuesday, August 26th. They set a “buy” rating and a $25.00 price objective on the stock. Finally, Cantor Fitzgerald raised AvePoint to a “strong-buy” rating in a report on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $20.67.

Institutional Trading of AvePoint

Several institutional investors have recently bought and sold shares of AVPT. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in AvePoint by 13.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 263,084 shares of the company’s stock valued at $4,344,000 after buying an additional 30,399 shares in the last quarter. Versant Capital Management Inc acquired a new stake in AvePoint in the 1st quarter valued at $31,000. GAMMA Investing LLC boosted its stake in AvePoint by 1,655.8% in the 1st quarter. GAMMA Investing LLC now owns 34,309 shares of the company’s stock valued at $495,000 after buying an additional 32,355 shares in the last quarter. Parallel Advisors LLC boosted its stake in AvePoint by 629.8% in the 1st quarter. Parallel Advisors LLC now owns 9,276 shares of the company’s stock valued at $134,000 after buying an additional 8,005 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in AvePoint by 3.8% in the 1st quarter. Rhumbline Advisers now owns 189,903 shares of the company’s stock valued at $2,742,000 after buying an additional 6,913 shares in the last quarter. Institutional investors and hedge funds own 44.49% of the company’s stock.

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.