VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 28,700 AvePoint, Inc. $AVPT

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of AvePoint, Inc. (NASDAQ:AVPT) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 28,700 shares of the company’s stock, valued at approximately $554,000.

A number of other institutional investors have also bought and sold shares of the company. CWM LLC boosted its position in AvePoint by 34.7% during the second quarter. CWM LLC now owns 9,869 shares of the company’s stock valued at $191,000 after acquiring an additional 2,541 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of AvePoint by 43.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,182 shares of the company’s stock worth $293,000 after purchasing an additional 4,630 shares in the last quarter. KLP Kapitalforvaltning AS boosted its position in shares of AvePoint by 24.5% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 23,900 shares of the company’s stock worth $462,000 after purchasing an additional 4,700 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new position in shares of AvePoint during the 2nd quarter worth about $201,000. Finally, Counterpoint Mutual Funds LLC bought a new position in shares of AvePoint during the 2nd quarter worth about $2,668,000. Institutional investors own 44.49% of the company’s stock.

AvePoint Stock Performance

NASDAQ:AVPT opened at $14.90 on Friday. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of -297.94 and a beta of 1.41. AvePoint, Inc. has a 52 week low of $11.89 and a 52 week high of $20.25. The firm has a 50-day moving average price of $15.35 and a two-hundred day moving average price of $16.86.

Insider Transactions at AvePoint

In other AvePoint news, insider Brian Michael Brown sold 35,000 shares of the stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $15.56, for a total value of $544,600.00. Following the completion of the sale, the insider owned 633,741 shares in the company, valued at approximately $9,861,009.96. This trade represents a 5.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Tianyi Jiang sold 2,068,966 shares of the stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $15.21, for a total transaction of $31,468,972.86. Following the completion of the sale, the chief executive officer owned 13,841,853 shares of the company’s stock, valued at approximately $210,534,584.13. This trade represents a 13.00% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,693,932 shares of company stock worth $86,624,872. Company insiders own 26.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AVPT. B. Riley began coverage on shares of AvePoint in a research report on Tuesday, August 26th. They set a “buy” rating and a $25.00 price objective on the stock. Dbs Bank raised shares of AvePoint to a “moderate buy” rating in a research report on Monday, October 6th. Morgan Stanley set a $18.30 price target on shares of AvePoint in a research report on Monday. DA Davidson assumed coverage on shares of AvePoint in a research report on Monday, September 22nd. They issued a “buy” rating and a $20.00 price target on the stock. Finally, Citigroup dropped their price target on shares of AvePoint from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, August 18th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.33.

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.