AvePoint’s (AVPT) Outperform Rating Reiterated at William Blair

AvePoint (NASDAQ:AVPT)‘s stock had its “outperform” rating reiterated by research analysts at William Blair in a note issued to investors on Tuesday,RTT News reports.

Several other equities analysts also recently commented on AVPT. Citigroup upped their price objective on AvePoint from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. The Goldman Sachs Group upped their price target on AvePoint from $7.50 to $15.00 and gave the company a “neutral” rating in a research report on Tuesday, November 12th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.25.

AvePoint Trading Down 4.1 %

Shares of NASDAQ:AVPT traded down $0.62 during midday trading on Tuesday, reaching $14.41. The company had a trading volume of 196,208 shares, compared to its average volume of 1,375,068. The stock has a market cap of $2.69 billion, a P/E ratio of -289.26 and a beta of 1.02. The company’s 50 day moving average price is $17.75 and its 200 day moving average price is $15.21. AvePoint has a 52-week low of $7.08 and a 52-week high of $19.90.

Institutional Investors Weigh In On AvePoint

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in AvePoint by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 15,280,202 shares of the company’s stock worth $252,276,000 after purchasing an additional 150,885 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of AvePoint by 56.9% in the fourth quarter. Wellington Management Group LLP now owns 6,430,203 shares of the company’s stock valued at $106,163,000 after acquiring an additional 2,332,813 shares during the period. Geode Capital Management LLC increased its holdings in AvePoint by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,850,268 shares of the company’s stock worth $47,067,000 after acquiring an additional 20,720 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in AvePoint by 566.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,678,403 shares of the company’s stock worth $44,220,000 after purchasing an additional 2,276,258 shares in the last quarter. Finally, Parsifal Capital Management LP purchased a new stake in AvePoint in the 4th quarter worth approximately $36,419,000. Hedge funds and other institutional investors 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.