Versor Investments LP Grows Stock Holdings in AvePoint, Inc. (NASDAQ:AVPT)

Versor Investments LP grew its stake in AvePoint, Inc. (NASDAQ:AVPT) by 75.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 31,800 shares of the company’s stock after acquiring an additional 13,700 shares during the quarter. Versor Investments LP’s holdings in AvePoint were worth $525,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Global Retirement Partners LLC acquired a new position in AvePoint during the fourth quarter worth $25,000. Heck Capital Advisors LLC purchased a new stake in shares of AvePoint in the fourth quarter valued at about $29,000. National Bank of Canada FI acquired a new stake in AvePoint during the third quarter worth about $29,000. R Squared Ltd purchased a new position in AvePoint during the fourth quarter worth about $45,000. Finally, Principal Securities Inc. raised its stake in AvePoint by 12,961.9% during the fourth quarter. Principal Securities Inc. now owns 2,743 shares of the company’s stock worth $45,000 after purchasing an additional 2,722 shares during the period. Institutional investors and hedge funds own 44.49% of the company’s stock.

AvePoint Price Performance

Shares of AvePoint stock opened at $14.94 on Friday. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of -298.74 and a beta of 1.02. The business has a 50-day moving average of $17.80 and a 200 day moving average of $15.15. AvePoint, Inc. has a 12 month low of $7.08 and a 12 month high of $19.90.

Analyst Ratings Changes

AVPT has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised their price target on shares of AvePoint from $7.50 to $15.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. Citigroup raised their target price on AvePoint from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th.

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.