Cibc World Markets Corp Takes $199,000 Position in AvePoint, Inc. (NASDAQ:AVPT)

Cibc World Markets Corp acquired a new stake in AvePoint, Inc. (NASDAQ:AVPT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,054 shares of the company’s stock, valued at approximately $199,000.

Several other large investors have also bought and sold shares of the stock. Global Retirement Partners LLC acquired a new stake in shares of AvePoint in the fourth quarter valued at about $25,000. Heck Capital Advisors LLC bought a new stake in AvePoint in the fourth quarter valued at approximately $29,000. National Bank of Canada FI acquired a new stake in AvePoint during the 3rd quarter valued at approximately $29,000. R Squared Ltd bought a new position in AvePoint during the 4th quarter worth approximately $45,000. Finally, Principal Securities Inc. lifted its position in shares of AvePoint by 12,961.9% in the 4th quarter. Principal Securities Inc. now owns 2,743 shares of the company’s stock worth $45,000 after purchasing an additional 2,722 shares during the period. 44.49% of the stock is owned by institutional investors.

Insider Transactions at AvePoint

In other AvePoint news, insider Brian Michael Brown sold 35,000 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $15.40, for a total value of $539,000.00. Following the transaction, the insider now owns 1,347,145 shares in the company, valued at approximately $20,746,033. This represents a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 26.19% of the company’s stock.

AvePoint Stock Down 1.1 %

Shares of NASDAQ AVPT opened at $15.06 on Thursday. AvePoint, Inc. has a 12-month low of $7.52 and a 12-month high of $19.90. The firm has a market cap of $3.04 billion, a PE ratio of -301.14 and a beta of 1.11. The company’s fifty day simple moving average is $17.01 and its 200 day simple moving average is $15.59.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Citigroup decreased their price objective on shares of AvePoint from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. William Blair reissued an “outperform” rating on shares of AvePoint in a research report on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, AvePoint has an average rating of “Moderate Buy” and an average target price of $15.75.

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.