Aigen Investment Management LP Sells 13,173 Shares of AvePoint, Inc. (NASDAQ:AVPT)

Aigen Investment Management LP lowered its holdings in shares of AvePoint, Inc. (NASDAQ:AVPT) by 42.2% during the third quarter, Holdings Channel reports. The institutional investor owned 18,063 shares of the company’s stock after selling 13,173 shares during the quarter. Aigen Investment Management LP’s holdings in AvePoint were worth $213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of AVPT. Canada Pension Plan Investment Board acquired a new stake in shares of AvePoint during the 2nd quarter valued at about $83,000. Algert Global LLC acquired a new stake in AvePoint during the second quarter valued at approximately $116,000. Bayesian Capital Management LP bought a new stake in shares of AvePoint in the 1st quarter valued at approximately $130,000. SG Americas Securities LLC raised its holdings in shares of AvePoint by 44.2% in the 1st quarter. SG Americas Securities LLC now owns 16,727 shares of the company’s stock worth $132,000 after buying an additional 5,125 shares in the last quarter. Finally, nVerses Capital LLC bought a new position in shares of AvePoint during the 2nd quarter worth approximately $173,000. Institutional investors own 44.49% of the company’s stock.

AvePoint Stock Performance

Shares of NASDAQ:AVPT opened at $15.73 on Friday. The business has a fifty day moving average of $12.48 and a 200-day moving average of $10.84. AvePoint, Inc. has a twelve month low of $7.08 and a twelve month high of $16.50. The firm has a market cap of $2.94 billion, a PE ratio of -314.60 and a beta of 0.88.

Insiders Place Their Bets

In other news, CFO James Caci sold 30,000 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $10.91, for a total transaction of $327,300.00. Following the transaction, the chief financial officer now owns 630,084 shares of the company’s stock, valued at $6,874,216.44. This represents a 4.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Zhijian Lu sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $10.89, for a total value of $108,900.00. Following the completion of the transaction, the insider now owns 18,440,673 shares in the company, valued at approximately $200,818,928.97. This represents a 0.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 150,000 shares of company stock valued at $1,724,500 in the last 90 days. 27.78% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. The Goldman Sachs Group increased their price objective on AvePoint from $7.50 to $15.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. Cantor Fitzgerald increased their target price on shares of AvePoint from $11.00 to $13.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. Finally, Northland Securities boosted their price target on shares of AvePoint from $18.00 to $19.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.20.

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.