Renaissance Technologies LLC Purchases 25,000 Shares of AvePoint, Inc. (NASDAQ:AVPT)

Renaissance Technologies LLC increased its position in shares of AvePoint, Inc. (NASDAQ:AVPT) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,151,600 shares of the company’s stock after purchasing an additional 25,000 shares during the period. Renaissance Technologies LLC’s holdings in AvePoint were worth $19,013,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AVPT. FMR LLC increased its holdings in AvePoint by 1,253.0% in the 3rd quarter. FMR LLC now owns 38,275 shares of the company’s stock valued at $450,000 after buying an additional 35,446 shares during the period. National Bank of Canada FI acquired a new stake in shares of AvePoint during the 3rd quarter valued at about $29,000. XTX Topco Ltd bought a new stake in AvePoint in the third quarter valued at about $180,000. Y Intercept Hong Kong Ltd acquired a new position in AvePoint in the third quarter worth about $171,000. Finally, Barclays PLC lifted its stake in AvePoint by 358.5% during the third quarter. Barclays PLC now owns 206,358 shares of the company’s stock worth $2,428,000 after purchasing an additional 161,354 shares during the period. 44.49% of the stock is currently owned by institutional investors and hedge funds.

AvePoint Trading Up 0.9 %

NASDAQ:AVPT opened at $14.53 on Monday. The stock has a market capitalization of $2.93 billion, a P/E ratio of -290.54 and a beta of 1.20. AvePoint, Inc. has a 1 year low of $7.62 and a 1 year high of $19.90. The firm has a 50 day moving average of $15.95 and a 200-day moving average of $15.84.

Wall Street Analysts Forecast Growth

AVPT has been the topic of several analyst reports. Citigroup lowered their price objective on AvePoint from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. William Blair reiterated an “outperform” rating on shares of AvePoint in a research note 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. Based on data from MarketBeat.com, AvePoint has a consensus rating of “Moderate Buy” and a consensus target price of $15.75.

Insider Buying and Selling

In related news, insider Brian Michael Brown sold 35,000 shares of AvePoint stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $15.40, for a total value of $539,000.00. Following the completion of the transaction, the insider now directly owns 1,347,145 shares of the company’s stock, valued at $20,746,033. The trade was a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 26.19% of the stock is owned by corporate insiders.

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.