National Bank of Canada FI Purchases Shares of 2,456 AvePoint, Inc. (NASDAQ:AVPT)

National Bank of Canada FI acquired a new position in shares of AvePoint, Inc. (NASDAQ:AVPT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,456 shares of the company’s stock, valued at approximately $29,000.

Several other large investors also recently modified their holdings of the stock. SG Americas Securities LLC grew its stake in shares of AvePoint by 43.2% in the 2nd quarter. SG Americas Securities LLC now owns 23,949 shares of the company’s stock valued at $250,000 after buying an additional 7,222 shares during the period. Calamos Advisors LLC grew its stake in AvePoint by 349.9% in the second quarter. Calamos Advisors LLC now owns 204,359 shares of the company’s stock valued at $2,129,000 after acquiring an additional 158,940 shares during the period. Principal Financial Group Inc. increased its holdings in shares of AvePoint by 7.5% during the second quarter. Principal Financial Group Inc. now owns 86,724 shares of the company’s stock valued at $904,000 after acquiring an additional 6,027 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of AvePoint during the second quarter valued at approximately $173,000. Finally, Acadian Asset Management LLC acquired a new position in shares of AvePoint during the second quarter worth approximately $2,250,000. Institutional investors and hedge funds own 44.49% of the company’s stock.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group boosted their price target on shares of AvePoint from $7.50 to $15.00 and gave the company a “neutral” rating in a research note on Tuesday, November 12th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $13.20.

AvePoint Trading Down 3.5 %

NASDAQ AVPT opened at $17.76 on Thursday. The business has a fifty day simple moving average of $15.37 and a 200 day simple moving average of $12.35. AvePoint, Inc. has a 12 month low of $7.08 and a 12 month high of $19.16. The firm has a market capitalization of $3.32 billion, a P/E ratio of -355.13 and a beta of 1.00.

Insider Transactions at AvePoint

In other AvePoint news, CFO James Caci sold 20,215 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $17.12, for a total value of $346,080.80. Following the completion of the transaction, the chief financial officer now owns 591,890 shares in the company, valued at $10,133,156.80. This represents a 3.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Zhijian Lu sold 10,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $17.12, for a total value of $171,200.00. Following the sale, the insider now directly owns 18,270,673 shares of the company’s stock, valued at approximately $312,793,921.76. This represents a 0.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 110,215 shares of company stock worth $1,559,481 in the last quarter. 27.78% of the stock is currently owned by corporate insiders.

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.