Susquehanna Fundamental Investments LLC Buys New Shares in AvePoint, Inc. (NASDAQ:AVPT)

Susquehanna Fundamental Investments LLC purchased a new position in shares of AvePoint, Inc. (NASDAQ:AVPT) in the second quarter, according to its most recent filing with the SEC. The firm purchased 52,600 shares of the company’s stock, valued at approximately $548,000.

Other large investors have also recently bought and sold shares of the company. Canada Pension Plan Investment Board bought a new stake in shares of AvePoint during the 2nd quarter valued at about $83,000. Bayesian Capital Management LP bought a new position in shares of AvePoint during the 1st quarter worth approximately $130,000. SG Americas Securities LLC grew its position in shares of AvePoint by 44.2% during the 1st quarter. SG Americas Securities LLC now owns 16,727 shares of the company’s stock worth $132,000 after buying an additional 5,125 shares during the period. Quadrature Capital Ltd bought a new stake in shares of AvePoint in the 4th quarter valued at $148,000. Finally, nVerses Capital LLC acquired a new position in shares of AvePoint during the 2nd quarter valued at $173,000. 44.49% of the stock is currently owned by institutional investors and hedge funds.

AvePoint Stock Performance

NASDAQ AVPT opened at $11.59 on Friday. The company has a fifty day simple moving average of $11.18 and a 200 day simple moving average of $9.72. AvePoint, Inc. has a 12-month low of $6.47 and a 12-month high of $12.09. The company has a market cap of $2.15 billion, a P/E ratio of -144.88 and a beta of 0.89.

AvePoint (NASDAQ:AVPT) last posted its earnings results on Thursday, August 8th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.09). AvePoint had a negative return on equity of 6.66% and a negative net margin of 4.77%. The business had revenue of $77.96 million for the quarter, compared to the consensus estimate of $75.17 million. During the same period in the previous year, the firm earned ($0.07) earnings per share. The company’s revenue was up 20.2% on a year-over-year basis. Sell-side analysts predict that AvePoint, Inc. will post -0.07 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Cantor Fitzgerald raised their price target on shares of AvePoint from $11.00 to $13.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. Northland Securities raised their target price on AvePoint from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Friday, August 9th.

Insiders Place Their Bets

In related news, major shareholder Zhijian Lu sold 10,000 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $10.77, for a total value of $107,700.00. Following the completion of the sale, the insider now directly owns 18,460,673 shares of the company’s stock, valued at approximately $198,821,448.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other AvePoint news, CFO James Caci sold 30,000 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $10.91, for a total value of $327,300.00. Following the transaction, the chief financial officer now owns 630,084 shares of the company’s stock, valued at $6,874,216.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Zhijian Lu sold 10,000 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $10.77, for a total value of $107,700.00. Following the completion of the transaction, the insider now owns 18,460,673 shares of the company’s stock, valued at approximately $198,821,448.21. The disclosure for this sale can be found here. In the last ninety days, insiders sold 130,000 shares of company stock valued at $1,450,600. Corporate insiders own 27.78% of the company’s stock.

About AvePoint

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.