119,246 Shares in AvePoint, Inc. (NASDAQ:AVPT) Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. acquired a new position in shares of AvePoint, Inc. (NASDAQ:AVPT) in the 3rd quarter, HoldingsChannel reports. The firm acquired 119,246 shares of the company’s stock, valued at approximately $1,404,000.

Other hedge funds have also made changes to their positions in the company. Canada Pension Plan Investment Board acquired a new stake in shares of AvePoint in the second quarter worth approximately $83,000. Algert Global LLC acquired a new stake in AvePoint during the 2nd quarter worth $116,000. Bayesian Capital Management LP acquired a new stake in AvePoint during the 1st quarter worth $130,000. SG Americas Securities LLC grew its holdings in shares of AvePoint by 44.2% during the first 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 acquired a new stake in shares of AvePoint in the second quarter valued at about $173,000. Institutional investors and hedge funds own 44.49% of the company’s stock.

Insider Buying and Selling

In other AvePoint news, major shareholder Zhijian Lu sold 10,000 shares of the company’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 transaction, the insider now owns 18,440,673 shares of the company’s stock, valued at $200,818,928.97. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other AvePoint news, CFO James Caci sold 30,000 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $10.91, for a total value of $327,300.00. Following the completion of the transaction, the chief financial officer now owns 630,084 shares in the company, valued at $6,874,216.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Zhijian Lu sold 10,000 shares of the stock in a transaction on 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 sale, the insider now owns 18,440,673 shares in the company, valued at approximately $200,818,928.97. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 150,000 shares of company stock valued at $1,724,500. 27.78% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on AVPT shares. Cantor Fitzgerald boosted their price target 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. Northland Securities upped their price target on AvePoint from $18.00 to $19.00 and gave the company an “outperform” rating in a research report on Friday, August 9th.

AvePoint Trading Up 1.5 %

AvePoint stock opened at $12.51 on Wednesday. The company has a 50-day moving average price of $11.88 and a 200 day moving average price of $10.42. AvePoint, Inc. has a 12-month low of $7.08 and a 12-month high of $12.66. The stock has a market cap of $2.34 billion, a P/E ratio of -156.38 and a beta of 0.88.

AvePoint (NASDAQ:AVPT) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09). AvePoint had a negative return on equity of 6.66% and a negative net margin of 4.77%. The firm had revenue of $77.96 million for the quarter, compared to analyst estimates of $75.17 million. During the same quarter in the prior year, the business earned ($0.07) EPS. The firm’s quarterly revenue was up 20.2% on a year-over-year basis. As a group, analysts forecast that AvePoint, Inc. will post -0.09 EPS for the current year.

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.