AvePoint, Inc. (NASDAQ:AVPT – Get Free Report) major shareholder Zhijian Lu sold 10,000 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $12.24, for a total value of $122,400.00. Following the completion of the transaction, the insider now directly owns 18,350,673 shares of the company’s stock, valued at approximately $224,612,237.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more 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 14th, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were 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 stock was 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 transaction of $119,400.00.
- On Wednesday, September 18th, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $11.73, for a total value of $117,300.00.
- On Monday, September 16th, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $11.91, for a total value of $119,100.00.
- On Monday, August 26th, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $10.80, for a total value of $108,000.00.
- On Friday, August 23rd, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $10.83, for a total value 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 transaction of $108,900.00.
- On Monday, August 19th, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $10.77, for a total transaction of $107,700.00.
AvePoint Stock Down 1.1 %
Shares of AVPT stock traded down $0.13 on Wednesday, reaching $12.15. The stock had a trading volume of 545,103 shares, compared to its average volume of 1,000,239. AvePoint, Inc. has a 12 month low of $6.96 and a 12 month high of $12.66. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of -151.88 and a beta of 0.89. The firm’s 50-day moving average is $11.46 and its two-hundred day moving average is $10.00.
Wall Street Analysts Forecast Growth
AVPT has been the topic of several analyst reports. Cantor Fitzgerald boosted their price target on shares of AvePoint from $11.00 to $13.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. Northland Securities boosted their price target on AvePoint from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th.
View Our Latest Report on AVPT
Institutional Investors Weigh In On AvePoint
Large investors have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board acquired a new position in shares of AvePoint in the second quarter valued at $83,000. Algert Global LLC acquired a new stake in shares of AvePoint during the 2nd quarter worth about $116,000. Bayesian Capital Management LP bought a new stake in shares of AvePoint during the 1st quarter worth about $130,000. SG Americas Securities LLC grew its stake in AvePoint by 44.2% in the 1st quarter. SG Americas Securities LLC now owns 16,727 shares of the company’s stock valued at $132,000 after buying an additional 5,125 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in AvePoint in the 4th quarter valued at about $148,000. Institutional investors own 44.49% of the company’s stock.
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.
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