D. E. Shaw & Co. Inc. Buys 299,866 Shares of AvePoint, Inc. (NASDAQ:AVPT)

D. E. Shaw & Co. Inc. grew its stake in shares of AvePoint, Inc. (NASDAQ:AVPT) by 96.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 610,729 shares of the company’s stock after acquiring an additional 299,866 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in AvePoint were worth $10,083,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in AVPT. Vanguard Group Inc. lifted its holdings in AvePoint by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 15,280,202 shares of the company’s stock valued at $252,276,000 after acquiring an additional 150,885 shares during the period. Wellington Management Group LLP increased its position in shares of AvePoint by 56.9% during the 4th quarter. Wellington Management Group LLP now owns 6,430,203 shares of the company’s stock valued at $106,163,000 after purchasing an additional 2,332,813 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of AvePoint by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 2,850,268 shares of the company’s stock worth $47,067,000 after purchasing an additional 20,720 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of AvePoint by 566.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,678,403 shares of the company’s stock worth $44,220,000 after buying an additional 2,276,258 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of AvePoint by 7.9% in the fourth quarter. JPMorgan Chase & Co. now owns 1,657,804 shares of the company’s stock worth $27,370,000 after buying an additional 121,144 shares during the last quarter. 44.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AVPT. William Blair reiterated an “outperform” rating on shares of AvePoint in a research report on Tuesday, March 4th. Scotiabank upped their price objective on AvePoint from $19.00 to $22.00 and gave the stock a “sector outperform” rating in a research note on Friday, May 9th. Citigroup decreased their target price on AvePoint from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Finally, The Goldman Sachs Group boosted their price target on AvePoint from $15.00 to $17.00 and gave the company a “neutral” rating in a report on Monday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, AvePoint presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.40.

Insider Buying and Selling

In other AvePoint news, insider Brian Michael Brown sold 35,000 shares of the firm’s stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $15.11, for a total transaction of $528,850.00. Following the sale, the insider now directly owns 1,312,145 shares of the company’s stock, valued at $19,826,510.95. This trade represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 26.19% of the stock is currently owned by insiders.

AvePoint Price Performance

AVPT opened at $19.83 on Thursday. The firm has a market cap of $4.00 billion, a P/E ratio of -396.52 and a beta of 1.30. AvePoint, Inc. has a 1-year low of $8.44 and a 1-year high of $20.25. The company has a 50 day simple moving average of $15.35 and a two-hundred day simple moving average of $16.48.

AvePoint Company 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.