AvePoint, Inc. (NASDAQ:AVPT) Shares Acquired by Corton Capital Inc.

Corton Capital Inc. boosted its holdings in AvePoint, Inc. (NASDAQ:AVPT) by 23.7% in the 4th quarter, Holdings Channel reports. The firm owned 18,482 shares of the company’s stock after purchasing an additional 3,543 shares during the period. Corton Capital Inc.’s holdings in AvePoint were worth $305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP grew its holdings in shares of AvePoint by 56.9% during the fourth quarter. Wellington Management Group LLP now owns 6,430,203 shares of the company’s stock worth $106,163,000 after buying an additional 2,332,813 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in AvePoint by 566.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,678,403 shares of the company’s stock worth $44,220,000 after buying an additional 2,276,258 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of AvePoint in the 4th quarter worth $18,067,000. Marshall Wace LLP acquired a new stake in shares of AvePoint in the 4th quarter worth $11,342,000. Finally, Next Century Growth Investors LLC purchased a new stake in shares of AvePoint in the fourth quarter valued at about $10,044,000. Institutional investors and hedge funds own 44.49% of the company’s stock.

AvePoint Trading Down 0.4 %

AVPT stock opened at $16.97 on Wednesday. The firm has a 50 day moving average of $14.89 and a 200-day moving average of $16.23. The company has a market cap of $3.43 billion, a price-to-earnings ratio of -339.39 and a beta of 1.30. AvePoint, Inc. has a 12-month low of $8.06 and a 12-month high of $19.90.

Insider Buying and Selling

In other AvePoint news, insider Brian Michael Brown sold 35,000 shares of AvePoint stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $15.11, for a total transaction of $528,850.00. Following the completion of the transaction, the insider now owns 1,312,145 shares in the company, valued at approximately $19,826,510.95. The trade was a 2.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 26.19% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. William Blair restated an “outperform” rating on shares of AvePoint in a research report on Tuesday, March 4th. Scotiabank assumed coverage on AvePoint in a research note on Thursday, May 1st. They issued a “sector outperform” rating and a $19.00 price target on the stock. Finally, Citigroup cut their price objective on 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 four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.40.

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.