PDT Partners LLC Acquires 34,645 Shares of AvePoint, Inc. (NASDAQ:AVPT)

PDT Partners LLC grew its holdings in AvePoint, Inc. (NASDAQ:AVPT) by 27.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 161,892 shares of the company’s stock after purchasing an additional 34,645 shares during the period. PDT Partners LLC owned approximately 0.09% of AvePoint worth $2,673,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of AVPT. Global Retirement Partners LLC bought a new stake in shares of AvePoint in the fourth quarter valued at approximately $25,000. Heck Capital Advisors LLC purchased a new position in AvePoint during the fourth quarter valued at approximately $29,000. R Squared Ltd purchased a new position in AvePoint during the fourth quarter valued at approximately $45,000. Principal Securities Inc. grew its stake in AvePoint by 12,961.9% during the fourth quarter. Principal Securities Inc. now owns 2,743 shares of the company’s stock valued at $45,000 after acquiring an additional 2,722 shares in the last quarter. Finally, Pacer Advisors Inc. grew its stake in AvePoint by 29.7% during the fourth quarter. Pacer Advisors Inc. now owns 4,409 shares of the company’s stock valued at $73,000 after acquiring an additional 1,010 shares in the last quarter. Institutional investors own 44.49% of the company’s stock.

Wall Street Analyst Weigh In

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

AvePoint Stock Up 2.0 %

Shares of AVPT stock opened at $16.44 on Wednesday. The business has a 50-day moving average price of $14.92 and a two-hundred day moving average price of $16.07. AvePoint, Inc. has a 12-month low of $7.77 and a 12-month high of $19.90. The firm has a market cap of $3.32 billion, a P/E ratio of -328.73 and a beta of 1.20.

Insiders Place Their Bets

In other AvePoint news, insider Brian Michael Brown sold 35,000 shares of AvePoint 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 completion of the sale, the insider now owns 1,312,145 shares of the company’s stock, valued at $19,826,510.95. The trade was a 2.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 26.19% of the company’s stock.

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.