Knights of Columbus Asset Advisors LLC Makes New $238,000 Investment in AvePoint, Inc. (NASDAQ:AVPT)

Knights of Columbus Asset Advisors LLC acquired a new position in shares of AvePoint, Inc. (NASDAQ:AVPT) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 14,407 shares of the company’s stock, valued at approximately $238,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AVPT. Connor Clark & Lunn Investment Management Ltd. boosted its position in AvePoint by 2.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 328,012 shares of the company’s stock worth $3,861,000 after purchasing an additional 8,620 shares during the period. Moran Wealth Management LLC boosted its position in AvePoint by 35.2% during the third quarter. Moran Wealth Management LLC now owns 48,488 shares of the company’s stock worth $571,000 after purchasing an additional 12,618 shares during the period. Intech Investment Management LLC bought a new position in AvePoint during the third quarter worth $348,000. Charles Schwab Investment Management Inc. boosted its position in AvePoint by 7.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 897,584 shares of the company’s stock worth $10,565,000 after purchasing an additional 63,323 shares during the period. Finally, Cerity Partners LLC boosted its position in AvePoint by 6.6% during the third quarter. Cerity Partners LLC now owns 41,499 shares of the company’s stock worth $488,000 after purchasing an additional 2,571 shares during the period. 44.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on AVPT shares. William Blair reaffirmed an “outperform” rating on shares of AvePoint in a research report on Tuesday, March 4th. Citigroup reduced their target price on shares of AvePoint from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.75.

AvePoint Stock Performance

Shares of AvePoint stock opened at $15.05 on Friday. The firm has a 50-day moving average of $17.10 and a 200-day moving average of $15.52. The stock has a market cap of $3.04 billion, a PE ratio of -300.94 and a beta of 1.11. AvePoint, Inc. has a 52-week low of $7.52 and a 52-week high of $19.90.

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.