M&T Bank Corp Purchases New Shares in AvePoint, Inc. (NASDAQ:AVPT)

M&T Bank Corp acquired a new position in AvePoint, Inc. (NASDAQ:AVPT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 21,424 shares of the company’s stock, valued at approximately $354,000.

Several other institutional investors have also added to or reduced their stakes in AVPT. Pacer Advisors Inc. increased its position in shares of AvePoint by 29.7% during 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. US Bancorp DE grew its holdings in shares of AvePoint by 8.0% during the 3rd quarter. US Bancorp DE now owns 18,706 shares of the company’s stock worth $220,000 after acquiring an additional 1,391 shares during the period. Global Retirement Partners LLC bought a new position in shares of AvePoint in the 4th quarter worth approximately $25,000. Heck Capital Advisors LLC purchased a new position in AvePoint during the fourth quarter valued at $29,000. Finally, Harbor Capital Advisors Inc. boosted its stake in AvePoint by 1.8% during the fourth quarter. Harbor Capital Advisors Inc. now owns 121,358 shares of the company’s stock worth $2,004,000 after acquiring an additional 2,112 shares in the last quarter. 44.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Citigroup cut their price target on AvePoint from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday. William Blair reissued an “outperform” rating on shares of AvePoint in a research note on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $15.75.

AvePoint Stock Up 6.3 %

Shares of AVPT opened at $14.66 on Friday. AvePoint, Inc. has a twelve month low of $7.44 and a twelve month high of $19.90. The company has a market capitalization of $2.96 billion, a P/E ratio of -293.14 and a beta of 1.11. The firm has a 50 day moving average of $17.27 and a 200 day moving average of $15.37.

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.