AvePoint, Inc. (NASDAQ:AVPT – Get Free Report) major shareholder Zhijian Lu sold 10,000 shares of AvePoint stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $12.37, for a total value of $123,700.00. Following the completion of the sale, the insider now directly owns 18,370,673 shares in the company, valued at approximately $227,245,225.01. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Zhijian Lu also recently made the following trade(s):
- 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, 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 stock was 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 transaction 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 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 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 transaction of $108,300.00.
- On Wednesday, August 21st, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $10.89, for a total value of $108,900.00.
- On Monday, August 19th, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $10.77, for a total value of $107,700.00.
AvePoint Price Performance
AvePoint stock opened at $12.14 on Friday. The firm has a market cap of $2.25 billion, a PE ratio of -151.75 and a beta of 0.89. The stock’s fifty day moving average price is $11.59 and its two-hundred day moving average price is $10.06. AvePoint, Inc. has a one year low of $6.96 and a one year high of $12.66.
Hedge Funds Weigh In On AvePoint
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Millennium Management LLC boosted its position in shares of AvePoint by 33.7% during the 2nd quarter. Millennium Management LLC now owns 641,862 shares of the company’s stock worth $6,688,000 after acquiring an additional 161,759 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in AvePoint during the second quarter worth $548,000. Vanguard Group Inc. lifted its stake in AvePoint by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 14,517,907 shares of the company’s stock worth $119,192,000 after purchasing an additional 89,564 shares during the last quarter. Sei Investments Co. acquired a new stake in shares of AvePoint in the 2nd quarter valued at $1,503,000. Finally, Acadian Asset Management LLC bought a new position in shares of AvePoint in the 2nd quarter valued at $2,250,000. 44.49% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
AVPT has been the topic of several recent research reports. Cantor Fitzgerald increased their price objective on AvePoint from $11.00 to $13.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. Northland Securities raised their price target on shares of 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 Analysis 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.
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