Marshall Wace LLP Acquires New Stake in AvePoint, Inc. (NASDAQ:AVPT)

Marshall Wace LLP bought a new position in shares of AvePoint, Inc. (NASDAQ:AVPT) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 686,976 shares of the company’s stock, valued at approximately $11,342,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in AvePoint by 13.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,536,660 shares of the company’s stock valued at $18,086,000 after buying an additional 184,361 shares in the last quarter. Barclays PLC increased its holdings in shares of AvePoint by 358.5% in the 3rd quarter. Barclays PLC now owns 206,358 shares of the company’s stock worth $2,428,000 after buying an additional 161,354 shares during the last quarter. Pacer Advisors Inc. raised its position in AvePoint by 29.7% during the fourth quarter. Pacer Advisors Inc. now owns 4,409 shares of the company’s stock valued at $73,000 after purchasing an additional 1,010 shares in the last quarter. Raymond James Financial Inc. bought a new stake in AvePoint in the 4th quarter worth approximately $18,067,000. Finally, Principal Securities Inc. lifted its holdings in shares of 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 acquiring an additional 2,722 shares during the last quarter. 44.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AVPT has been the subject of several analyst reports. Citigroup dropped their target price on AvePoint from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. William Blair reiterated an “outperform” rating on shares of AvePoint in a research report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $15.75.

Insider Transactions at AvePoint

In other news, insider Brian Michael Brown sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $15.40, for a total transaction 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 26.19% of the company’s stock.

AvePoint Price Performance

Shares of NASDAQ:AVPT opened at $14.03 on Tuesday. AvePoint, Inc. has a 1-year low of $7.65 and a 1-year high of $19.90. The business has a fifty day moving average price of $15.36 and a 200-day moving average price of $15.96. The company has a market capitalization of $2.83 billion, a PE ratio of -280.54 and a beta of 1.20.

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.