Hussman Strategic Advisors Inc. Has $811,000 Position in AvePoint, Inc. $AVPT

Hussman Strategic Advisors Inc. reduced its holdings in AvePoint, Inc. (NASDAQ:AVPT) by 60.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 42,000 shares of the company’s stock after selling 63,000 shares during the period. Hussman Strategic Advisors Inc.’s holdings in AvePoint were worth $811,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Summit Securities Group LLC increased its stake in AvePoint by 621.7% in the 1st quarter. Summit Securities Group LLC now owns 2,627 shares of the company’s stock valued at $38,000 after buying an additional 2,263 shares during the last quarter. Quarry LP grew its position in shares of AvePoint by 2,028.3% in the 1st quarter. Quarry LP now owns 3,831 shares of the company’s stock valued at $55,000 after acquiring an additional 3,651 shares during the period. KBC Group NV bought a new position in shares of AvePoint in the 1st quarter valued at about $67,000. CWM LLC grew its position in shares of AvePoint by 109.4% in the 1st quarter. CWM LLC now owns 7,328 shares of the company’s stock valued at $106,000 after acquiring an additional 3,829 shares during the period. Finally, Financiere des Professionnels Fonds d investissement inc. bought a new position in shares of AvePoint in the 2nd quarter valued at about $161,000. 44.49% of the stock is currently owned by institutional investors and hedge funds.

AvePoint Stock Performance

Shares of AVPT stock opened at $13.82 on Wednesday. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of -276.34 and a beta of 1.40. The company has a 50-day simple moving average of $15.21 and a 200 day simple moving average of $16.90. AvePoint, Inc. has a 52 week low of $12.34 and a 52 week high of $20.25.

Analyst Ratings Changes

AVPT has been the subject of a number of analyst reports. Dbs Bank raised shares of AvePoint to a “moderate buy” rating in a research report on Monday, October 6th. B. Riley initiated coverage on shares of AvePoint in a research report on Tuesday, August 26th. They issued a “buy” rating and a $25.00 price objective for the company. Cantor Fitzgerald raised shares of AvePoint to a “strong-buy” rating in a research report on Friday, July 25th. Baird R W raised shares of AvePoint to a “hold” rating in a research report on Monday, October 27th. Finally, Robert W. Baird initiated coverage on shares of AvePoint in a research report on Monday, October 27th. They issued a “neutral” rating and a $17.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $19.91.

Insider Buying and Selling at AvePoint

In related news, Chairman Xunkai Gong sold 4,167 shares of AvePoint stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $15.08, for a total transaction of $62,838.36. Following the completion of the sale, the chairman owned 15,100,668 shares of the company’s stock, valued at approximately $227,718,073.44. The trade was a 0.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO James Caci sold 216,000 shares of AvePoint stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $15.21, for a total transaction of $3,285,360.00. Following the sale, the chief financial officer directly owned 213,030 shares of the company’s stock, valued at $3,240,186.30. The trade was a 50.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 5,695,780 shares of company stock worth $86,652,648 in the last ninety days. Insiders own 26.19% of the company’s stock.

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.