18,926 Shares in AvePoint, Inc. (NASDAQ:AVPT) Acquired by MIG Capital LLC

MIG Capital LLC purchased a new position in AvePoint, Inc. (NASDAQ:AVPT) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 18,926 shares of the company’s stock, valued at approximately $312,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Global Retirement Partners LLC purchased a new position in AvePoint in the 4th quarter worth $25,000. National Bank of Canada FI purchased a new position in shares of AvePoint in the third quarter worth about $29,000. Heck Capital Advisors LLC purchased a new position in shares of AvePoint in the fourth quarter worth about $29,000. R Squared Ltd acquired a new stake in shares of AvePoint during the fourth quarter worth about $45,000. Finally, Principal Securities Inc. increased 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 worth $45,000 after buying an additional 2,722 shares during the period. 44.49% of the stock is currently owned by institutional investors and hedge funds.

AvePoint Trading Down 6.7 %

Shares of NASDAQ:AVPT opened at $13.33 on Friday. The business has a 50 day moving average of $16.57 and a two-hundred day moving average of $15.73. AvePoint, Inc. has a 12-month low of $7.62 and a 12-month high of $19.90. The company has a market capitalization of $2.69 billion, a PE ratio of -266.55 and a beta of 1.20.

Analyst Upgrades and Downgrades

Several brokerages have commented on AVPT. Citigroup decreased their price objective on shares of 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 restated an “outperform” rating on shares of AvePoint in a research report on Tuesday, March 4th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, AvePoint has an average rating of “Moderate Buy” and a consensus target price of $15.75.

Insiders Place Their Bets

In other news, insider Brian Michael Brown sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $15.40, for a total value of $539,000.00. Following the transaction, the insider now owns 1,347,145 shares in the company, valued at $20,746,033. This trade represents a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 26.19% of the company’s stock.

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.