AvePoint, Inc. (NASDAQ:AVPT) Short Interest Update

by · The Cerbat Gem

AvePoint, Inc. (NASDAQ:AVPT – Get Free Report) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totalling 6,180,000 shares, a decrease of 21.2% from the December 15th total of 7,840,000 shares. Based on an average trading volume of 1,170,000 shares, the short-interest ratio is presently 5.3 days. Approximately 6.2% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AVPT. Citigroup increased their price objective on shares of AvePoint from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Friday. The Goldman Sachs Group upped their target price on shares of AvePoint from $7.50 to $15.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $15.00.

Check Out Our Latest Report on AvePoint

AvePoint Trading Down 2.0 %

AVPT traded down $0.35 on Friday, reaching $17.21. The company had a trading volume of 924,536 shares, compared to its average volume of 987,821. AvePoint has a one year low of $7.08 and a one year high of $19.16. The company has a market capitalization of $3.21 billion, a P/E ratio of -344.13 and a beta of 1.01. The company has a fifty day moving average of $17.34 and a 200-day moving average of $13.41.

Insider Activity at AvePoint

In related news, CFO James Caci sold 20,215 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $17.12, for a total transaction 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. The trade was a 3.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Zhijian Lu sold 10,000 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $15.77, for a total value of $157,700.00. Following the transaction, the insider now owns 18,310,673 shares of the company’s stock, valued at approximately $288,759,313.21. The trade was a 0.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 60,215 shares of company stock valued at $952,581. Corporate insiders own 27.78% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP bought a new position in AvePoint during the 3rd quarter valued at $48,226,000. Geode Capital Management LLC boosted its stake in AvePoint by 4.9% during the third quarter. Geode Capital Management LLC now owns 2,829,548 shares of the company’s stock valued at $33,309,000 after buying an additional 133,156 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in AvePoint by 13.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,932,248 shares of the company’s stock worth $20,133,000 after acquiring an additional 227,324 shares during the period. Driehaus Capital Management LLC bought a new stake in AvePoint in the second quarter worth about $17,305,000. Finally, JPMorgan Chase & Co. lifted its holdings in AvePoint by 13.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,536,660 shares of the company’s stock valued at $18,086,000 after acquiring an additional 184,361 shares during the last quarter. Institutional investors and hedge funds own 44.49% of the company’s stock.

AvePoint Company Profile

(Get Free Report)

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.

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