AvePoint, Inc. $AVPT Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC reduced its stake in AvePoint, Inc. (NASDAQ:AVPT) by 69.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 115,857 shares of the company’s stock after selling 266,661 shares during the quarter. Squarepoint Ops LLC owned about 0.05% of AvePoint worth $2,237,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Advisors Asset Management Inc. raised its holdings in shares of AvePoint by 68.4% in the second quarter. Advisors Asset Management Inc. now owns 2,263 shares of the company’s stock worth $44,000 after buying an additional 919 shares during the last quarter. Quarry LP grew its holdings in shares of AvePoint by 2,028.3% during the first quarter. Quarry LP now owns 3,831 shares of the company’s stock valued at $55,000 after buying an additional 3,651 shares during the last quarter. RiverPark Advisors LLC acquired a new position in shares of AvePoint in the 2nd quarter valued at $103,000. EverSource Wealth Advisors LLC raised its stake in AvePoint by 6,111.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,342 shares of the company’s stock worth $103,000 after acquiring an additional 5,256 shares during the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. purchased a new position in AvePoint in the 2nd quarter worth $161,000. Hedge funds and other institutional investors own 44.49% of the company’s stock.

Analyst Upgrades and Downgrades

AVPT has been the topic of several research analyst reports. Robert W. Baird started coverage on AvePoint in a research note on Monday, October 27th. They set a “neutral” rating and a $17.00 price target on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of AvePoint in a research report on Tuesday. Baird R W raised shares of AvePoint to a “hold” rating in a research report on Monday, October 27th. Evercore ISI reduced their target price on shares of AvePoint from $22.00 to $18.00 and set an “outperform” rating for the company in a report on Friday, November 7th. Finally, DA Davidson started coverage on shares of AvePoint in a report on Monday, September 22nd. They issued a “buy” rating and a $20.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, AvePoint currently has a consensus rating of “Moderate Buy” and an average target price of $19.03.

Insider Activity at AvePoint

In other AvePoint news, Chairman Xunkai Gong sold 55,833 shares of the company’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $15.31, for a total transaction of $854,803.23. Following the completion of the transaction, the chairman directly owned 15,104,835 shares in the company, valued at approximately $231,255,023.85. This represents a 0.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Brian Michael Brown sold 35,000 shares of the stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $15.56, for a total transaction of $544,600.00. Following the transaction, the insider directly owned 633,741 shares in the company, valued at approximately $9,861,009.96. The trade was a 5.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 216,848 shares of company stock valued at $3,231,061. Corporate insiders own 26.19% of the company’s stock.

AvePoint Price Performance

Shares of NASDAQ AVPT opened at $14.11 on Friday. The company’s fifty day moving average price is $13.63 and its 200 day moving average price is $15.93. AvePoint, Inc. has a 1 year low of $11.49 and a 1 year high of $20.25.

AvePoint (NASDAQ:AVPT) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The firm had revenue of $109.73 million during the quarter, compared to analyst estimates of $105.72 million. AvePoint had a return on equity of 0.66% and a net margin of 0.55%. As a group, analysts anticipate that AvePoint, Inc. will post -0.03 earnings per share for the current year.

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.