State of Wyoming Has $435,000 Stock Holdings in AvePoint, Inc. (NASDAQ:AVPT)

State of Wyoming decreased its holdings in shares of AvePoint, Inc. (NASDAQ:AVPT) by 21.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,348 shares of the company’s stock after selling 7,301 shares during the quarter. State of Wyoming’s holdings in AvePoint were worth $435,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in AVPT. Wellington Management Group LLP lifted its holdings in AvePoint by 56.9% during the 4th quarter. Wellington Management Group LLP now owns 6,430,203 shares of the company’s stock valued at $106,163,000 after purchasing an additional 2,332,813 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of AvePoint by 566.0% during the fourth 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 in the last quarter. Parsifal Capital Management LP acquired a new stake in shares of AvePoint during the fourth quarter worth $36,419,000. Raymond James Financial Inc. acquired a new stake in shares of AvePoint during the fourth quarter worth $18,067,000. Finally, Gotham Asset Management LLC lifted its holdings in shares of AvePoint by 4,694.5% during the fourth quarter. Gotham Asset Management LLC now owns 840,963 shares of the company’s stock worth $13,884,000 after buying an additional 823,423 shares in the last quarter. Institutional investors and hedge funds own 44.49% of the company’s stock.

Insider Activity at AvePoint

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

AvePoint Stock Down 1.8%

AVPT stock opened at $18.64 on Wednesday. The company has a market cap of $3.76 billion, a PE ratio of -372.73 and a beta of 1.30. The business has a 50-day simple moving average of $15.78 and a 200 day simple moving average of $16.70. AvePoint, Inc. has a 52 week low of $8.87 and a 52 week high of $20.25.

Analysts Set New Price Targets

AVPT has been the subject of a number of research reports. Scotiabank lifted their target price on AvePoint from $19.00 to $22.00 and gave the stock a “sector outperform” rating in a report on Friday, May 9th. Citigroup dropped their target price on AvePoint from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. William Blair reissued an “outperform” rating on shares of AvePoint in a report on Tuesday, March 4th. Finally, The Goldman Sachs Group lifted their target price on AvePoint from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Monday, May 12th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.40.

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.