AvePoint, Inc. (NASDAQ:AVPT – Get Free Report) insider Brian Michael Brown sold 20,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $7.86, for a total transaction of $157,200.00. Following the completion of the sale, the insider now owns 1,351,240 shares in the company, valued at $10,620,746.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Brian Michael Brown also recently made the following trade(s):
- On Friday, March 1st, Brian Michael Brown sold 20,000 shares of AvePoint stock. The shares were sold at an average price of $8.11, for a total transaction of $162,200.00.
AvePoint Stock Performance
Shares of NASDAQ AVPT opened at $8.14 on Friday. The firm has a market cap of $1.50 billion, a P/E ratio of -66.99 and a beta of 0.84. AvePoint, Inc. has a 1 year low of $4.36 and a 1 year high of $8.61. The firm’s 50 day moving average price is $7.85 and its 200 day moving average price is $7.92.
Hedge Funds Weigh In On AvePoint
A number of large investors have recently bought and sold shares of AVPT. Bank of New York Mellon Corp raised its stake in AvePoint by 274.5% during the third quarter. Bank of New York Mellon Corp now owns 1,835,402 shares of the company’s stock worth $12,334,000 after purchasing an additional 1,345,267 shares during the period. Russell Investments Group Ltd. purchased a new position in AvePoint during the fourth quarter worth approximately $3,590,000. Essex Investment Management Co. LLC purchased a new position in AvePoint during the first quarter worth approximately $1,844,000. Calamos Advisors LLC purchased a new position in AvePoint during the fourth quarter worth approximately $1,260,000. Finally, CenterBook Partners LP purchased a new position in shares of AvePoint in the 4th quarter valued at $1,097,000. Hedge funds and other institutional investors own 44.49% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on AVPT. Evercore ISI raised their target price on shares of AvePoint from $9.00 to $10.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Cantor Fitzgerald raised their target price on shares of AvePoint from $10.00 to $11.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. Finally, Citigroup raised their target price on shares of AvePoint from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 10th.
Read Our Latest Stock Analysis on AvePoint
About AvePoint
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.
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