Fox Run Management L.L.C. Invests $794,000 in AvePoint, Inc. (NASDAQ:AVPT)

Fox Run Management L.L.C. bought a new position in AvePoint, Inc. (NASDAQ:AVPT) in the 4th quarter, HoldingsChannel reports. The fund bought 48,093 shares of the company’s stock, valued at approximately $794,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Pacer Advisors Inc. boosted its position in shares of AvePoint by 29.7% in the fourth quarter. Pacer Advisors Inc. now owns 4,409 shares of the company’s stock worth $73,000 after buying an additional 1,010 shares during the period. Moran Wealth Management LLC boosted its position in AvePoint by 2.2% during the fourth quarter. Moran Wealth Management LLC now owns 49,571 shares of the company’s stock valued at $818,000 after purchasing an additional 1,083 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in AvePoint during the fourth quarter valued at $25,000. Heck Capital Advisors LLC acquired a new stake in AvePoint during the fourth quarter valued at $29,000. Finally, Balboa Wealth Partners boosted its position in AvePoint by 19.1% during the fourth quarter. Balboa Wealth Partners now owns 12,641 shares of the company’s stock valued at $209,000 after purchasing an additional 2,027 shares during the last quarter. Institutional investors and hedge funds own 44.49% of the company’s stock.

AvePoint Price Performance

NASDAQ AVPT opened at $15.05 on Monday. AvePoint, Inc. has a fifty-two week low of $7.52 and a fifty-two week high of $19.90. The stock’s 50-day moving average is $17.10 and its two-hundred day moving average is $15.55. The firm has a market cap of $3.04 billion, a P/E ratio of -300.94 and a beta of 1.11.

Analyst Ratings Changes

AVPT has been the subject of a number of research reports. Citigroup reduced their price objective on AvePoint from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. William Blair reissued an “outperform” rating on shares of AvePoint in a research report on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, AvePoint currently has a consensus rating of “Moderate Buy” and an average price target of $15.75.

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.