Insider Selling: AvePoint, Inc. (NASDAQ:AVPT) CFO Sells 20,215 Shares of Stock

AvePoint, Inc. (NASDAQ:AVPT) 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 value of $346,080.80. Following the sale, the chief financial officer now directly owns 591,890 shares in the company, valued at $10,133,156.80. The trade was a 3.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

AvePoint Stock Performance

AVPT opened at $18.57 on Friday. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of -371.33 and a beta of 0.88. The stock’s 50 day moving average price is $13.04 and its 200-day moving average price is $11.14. AvePoint, Inc. has a one year low of $7.08 and a one year high of $18.75.

Analysts Set New Price Targets

Several equities research analysts have weighed in on AVPT shares. Cantor Fitzgerald boosted their price objective on AvePoint from $11.00 to $13.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Northland Securities boosted their price objective on AvePoint from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Finally, The Goldman Sachs Group boosted their price objective on AvePoint from $7.50 to $15.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. 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 currently has a consensus rating of “Moderate Buy” and an average price target of $13.20.

Institutional Trading of AvePoint

Large investors have recently modified their holdings of the company. National Bank of Canada FI purchased a new stake in shares of AvePoint in the third quarter valued at approximately $29,000. Canada Pension Plan Investment Board purchased a new stake in shares of AvePoint in the second quarter valued at approximately $83,000. Balboa Wealth Partners purchased a new stake in shares of AvePoint in the third quarter valued at approximately $125,000. Algert Global LLC purchased a new stake in AvePoint during the second quarter worth $116,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in AvePoint during the third quarter worth $171,000. Hedge funds and other institutional investors own 44.49% of the company’s stock.

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.