Brevan Howard Capital Management LP Makes New $417,000 Investment in AvePoint, Inc. (NASDAQ:AVPT)

Brevan Howard Capital Management LP bought a new stake in AvePoint, Inc. (NASDAQ:AVPT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 25,267 shares of the company’s stock, valued at approximately $417,000.

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

Insider Buying and Selling

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 stock was 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 of the company’s stock, valued at $19,826,510.95. This represents a 2.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 26.19% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on AVPT. Scotiabank upped their price target on AvePoint from $19.00 to $22.00 and gave the company a “sector outperform” rating in a research note on Friday. William Blair reiterated an “outperform” rating on shares of AvePoint in a report on Tuesday, March 4th. Finally, Citigroup decreased their price target on shares of AvePoint from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.00.

AvePoint Stock Up 8.3 %

AvePoint stock opened at $18.85 on Friday. AvePoint, Inc. has a twelve month low of $8.15 and a twelve month high of $19.90. The company has a 50 day moving average of $15.06 and a 200-day moving average of $16.36. The stock has a market capitalization of $3.80 billion, a PE ratio of -376.92 and a beta of 1.30.

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.