AvePoint, Inc. (NASDAQ:AVPT – Get Free Report) major shareholder Zhijian Lu sold 10,000 shares of the business’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $12.24, for a total transaction of $122,400.00. Following the completion of the sale, the insider now owns 18,330,673 shares of the company’s stock, valued at $224,367,437.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Zhijian Lu also recently made the following trade(s):
- On Monday, October 21st, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $12.10, for a total transaction of $121,000.00.
- On Wednesday, October 16th, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $12.24, for a total value of $122,400.00.
- On Monday, October 14th, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $12.37, for a total value of $123,700.00.
- On Monday, September 23rd, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $11.90, for a total value of $119,000.00.
- On Friday, September 20th, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $11.94, for a total value of $119,400.00.
- On Wednesday, September 18th, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $11.73, for a total transaction of $117,300.00.
- On Monday, September 16th, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $11.91, for a total transaction of $119,100.00.
- On Monday, August 26th, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $10.80, for a total transaction of $108,000.00.
- On Friday, August 23rd, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $10.83, for a total transaction of $108,300.00.
- On Wednesday, August 21st, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $10.89, for a total value of $108,900.00.
AvePoint Stock Down 2.7 %
Shares of AVPT opened at $11.73 on Thursday. The company has a 50-day moving average price of $11.65 and a two-hundred day moving average price of $10.15. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of -147.63 and a beta of 0.89. AvePoint, Inc. has a 12 month low of $7.08 and a 12 month high of $12.66.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in AVPT. Canada Pension Plan Investment Board acquired a new stake in shares of AvePoint during the 2nd quarter worth about $83,000. Algert Global LLC bought a new position in shares of AvePoint in the second quarter valued at approximately $116,000. Bayesian Capital Management LP acquired a new position in shares of AvePoint in the 1st quarter worth approximately $130,000. SG Americas Securities LLC grew its position in 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 acquiring an additional 5,125 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in AvePoint during the 4th quarter worth approximately $148,000. 44.49% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several brokerages have recently weighed in on AVPT. Cantor Fitzgerald lifted their price objective on 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 stock an “outperform” rating in a research report on Friday, August 9th.
Get Our Latest Research Report on AvePoint
AvePoint Company 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.
See Also
- Five stocks we like better than AvePoint
- Profitably Trade Stocks at 52-Week Highs
- Chinese Stocks Cool Off: Time to Buy the Dip in These 2 Stocks?
- How to Use Stock Screeners to Find Stocks
- Goldman Sachs Highlights 3 Top Short Squeeze Stocks to Watch
- 3 Home Improvement Stocks that Can Upgrade Your Portfolio
- Walmart is Up 56% YTD, Is it Still a Top Consumer Staples Stock?
Receive News & Ratings for AvePoint Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AvePoint and related companies with MarketBeat.com's FREE daily email newsletter.