Teachers Retirement System of The State of Kentucky Buys 6,615 Shares of AvePoint, Inc. (NASDAQ:AVPT)

Teachers Retirement System of The State of Kentucky increased its position in AvePoint, Inc. (NASDAQ:AVPT) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 99,523 shares of the company’s stock after purchasing an additional 6,615 shares during the quarter. Teachers Retirement System of The State of Kentucky owned approximately 0.05% of AvePoint worth $1,643,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. boosted its stake in shares of 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 purchasing an additional 1,010 shares in the last quarter. Summit Investment Advisors Inc. lifted its holdings in AvePoint by 8.4% during the fourth quarter. Summit Investment Advisors Inc. now owns 13,475 shares of the company’s stock worth $222,000 after buying an additional 1,042 shares during the period. Moran Wealth Management LLC boosted its position in AvePoint by 2.2% during the 4th quarter. Moran Wealth Management LLC now owns 49,571 shares of the company’s stock valued at $818,000 after acquiring an additional 1,083 shares in the last quarter. Global Retirement Partners LLC purchased a new position in shares of AvePoint in the 4th quarter valued at $25,000. Finally, Blair William & Co. IL raised its position in shares of AvePoint by 24.7% in the 4th quarter. Blair William & Co. IL now owns 7,563 shares of the company’s stock worth $125,000 after acquiring an additional 1,500 shares in the last quarter. 44.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AVPT has been the topic of several analyst reports. William Blair reiterated an “outperform” rating on shares of AvePoint in a research note on Tuesday, March 4th. Citigroup cut their price objective on shares of AvePoint from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, AvePoint currently has an average rating of “Moderate Buy” and a consensus price target of $15.75.

AvePoint Stock Performance

Shares of NASDAQ AVPT opened at $16.07 on Friday. AvePoint, Inc. has a fifty-two week low of $7.77 and a fifty-two week high of $19.90. The company has a market cap of $3.24 billion, a PE ratio of -321.34 and a beta of 1.20. The business has a 50-day simple moving average of $15.02 and a two-hundred day simple moving average of $16.02.

Insider Activity at AvePoint

In other AvePoint news, insider Brian Michael Brown sold 35,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $15.11, for a total transaction of $528,850.00. Following the transaction, the insider now owns 1,312,145 shares in the company, valued at approximately $19,826,510.95. This represents a 2.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 26.19% of the stock is currently owned by insiders.

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.