Principal Financial Group Inc. Has $153,000 Stock Position in AvePoint, Inc. $AVPT

Principal Financial Group Inc. lessened its position in shares of AvePoint, Inc. (NASDAQ:AVPT) by 96.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 10,177 shares of the company’s stock after selling 279,386 shares during the quarter. Principal Financial Group Inc.’s holdings in AvePoint were worth $153,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new stake in shares of AvePoint in the 3rd quarter valued at $26,000. Advisors Asset Management Inc. boosted its position in AvePoint by 68.4% during the second quarter. Advisors Asset Management Inc. now owns 2,263 shares of the company’s stock valued at $44,000 after acquiring an additional 919 shares during the last quarter. RiverPark Advisors LLC acquired a new stake in AvePoint during the 2nd quarter worth about $103,000. EverSource Wealth Advisors LLC raised its position in shares of AvePoint by 6,111.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,342 shares of the company’s stock worth $103,000 after acquiring an additional 5,256 shares in the last quarter. Finally, CWM LLC raised its position in shares of AvePoint by 34.7% in the 2nd quarter. CWM LLC now owns 9,869 shares of the company’s stock worth $191,000 after acquiring an additional 2,541 shares in the last quarter. Institutional investors own 44.49% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Stephens initiated coverage on AvePoint in a research note on Monday, December 29th. They set an “overweight” rating and a $18.00 target price for the company. Robert W. Baird raised AvePoint to a “hold” rating in a research note on Monday, October 27th. Evercore reduced their price objective on shares of AvePoint from $22.00 to $18.00 and set an “outperform” rating for the company in a research report on Friday, November 7th. Scotiabank lowered their price objective on shares of AvePoint from $22.00 to $17.00 and set a “sector outperform” rating for the company in a research note on Friday, November 7th. Finally, Citigroup dropped their target price on shares of AvePoint from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 13th. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $18.21.

Insider Transactions at AvePoint

In other AvePoint news, Chairman Xunkai Gong sold 32,002 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $13.66, for a total transaction of $437,147.32. Following the completion of the sale, the chairman directly owned 14,948,666 shares of the company’s stock, valued at approximately $204,198,777.56. The trade was a 0.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 26.19% of the company’s stock.

AvePoint Trading Down 1.2%

Shares of NASDAQ AVPT opened at $10.50 on Friday. The company has a 50-day moving average price of $12.48 and a 200-day moving average price of $13.88. AvePoint, Inc. has a 1 year low of $10.12 and a 1 year high of $20.25.

AvePoint Profile

AvePoint, Inc (NASDAQ:AVPT) is a leading software provider specializing in data management, governance, and compliance solutions for Microsoft 365 and related cloud platforms. Founded in 2001 and headquartered in Jersey City, New Jersey, the company offers a comprehensive suite of cloud-based and on-premises tools designed to help organizations migrate, manage, and protect their collaboration data. AvePoint’s flagship Cloud Platform delivers backup, governance, reporting, and migration services for SharePoint, Teams, Exchange, OneDrive, and Salesforce environments.

With a customer base spanning thousands of organizations across more than 100 countries, AvePoint serves enterprises, government agencies, and educational institutions seeking to ensure data security, regulatory compliance, and operational resilience.