AlphaQuest LLC Has $242,000 Holdings in AvePoint, Inc. (NASDAQ:AVPT)

AlphaQuest LLC decreased its position in AvePoint, Inc. (NASDAQ:AVPT) by 79.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,634 shares of the company’s stock after selling 57,952 shares during the quarter. AlphaQuest LLC’s holdings in AvePoint were worth $242,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. GSA Capital Partners LLP acquired a new position in AvePoint in the 3rd quarter valued at $394,000. Balboa Wealth Partners acquired a new position in shares of AvePoint in the third quarter valued at about $125,000. Quest Partners LLC increased its position in AvePoint by 74.4% during the third quarter. Quest Partners LLC now owns 72,586 shares of the company’s stock worth $854,000 after acquiring an additional 30,968 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in AvePoint by 2.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 328,012 shares of the company’s stock worth $3,861,000 after purchasing an additional 8,620 shares in the last quarter. Finally, Moran Wealth Management LLC boosted its holdings in AvePoint by 35.2% in the 3rd quarter. Moran Wealth Management LLC now owns 48,488 shares of the company’s stock valued at $571,000 after purchasing an additional 12,618 shares during the period. Institutional investors own 44.49% of the company’s stock.

AvePoint Price Performance

Shares of NASDAQ:AVPT opened at $14.66 on Friday. AvePoint, Inc. has a 1 year low of $7.44 and a 1 year high of $19.90. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of -293.14 and a beta of 1.11. The company’s 50 day simple moving average is $17.27 and its 200 day simple moving average is $15.40.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on AVPT shares. Citigroup cut their price target on AvePoint from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. William Blair reiterated an “outperform” rating on shares of AvePoint in a research report on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $15.75.

AvePoint 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.