Quantbot Technologies LP Grows Stock Holdings in AvePoint, Inc. $AVPT

Quantbot Technologies LP lifted its holdings in AvePoint, Inc. (NASDAQ:AVPT) by 6,801.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 307,026 shares of the company’s stock after acquiring an additional 302,577 shares during the period. Quantbot Technologies LP owned approximately 0.15% of AvePoint worth $5,929,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AVPT. Summit Securities Group LLC raised its position in AvePoint by 621.7% in the first quarter. Summit Securities Group LLC now owns 2,627 shares of the company’s stock valued at $38,000 after purchasing an additional 2,263 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of AvePoint by 68.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,263 shares of the company’s stock valued at $44,000 after buying an additional 919 shares during the period. Quarry LP lifted its position in AvePoint by 2,028.3% during the 1st quarter. Quarry LP now owns 3,831 shares of the company’s stock worth $55,000 after acquiring an additional 3,651 shares in the last quarter. RiverPark Advisors LLC purchased a new position in AvePoint in the 2nd quarter worth approximately $103,000. Finally, Covestor Ltd grew its position in AvePoint by 3,458.5% in the first quarter. Covestor Ltd now owns 8,825 shares of the company’s stock valued at $127,000 after acquiring an additional 8,577 shares in the last quarter. Institutional investors and hedge funds own 44.49% of the company’s stock.

AvePoint Price Performance

Shares of AVPT stock opened at $12.78 on Wednesday. AvePoint, Inc. has a 1-year low of $11.49 and a 1-year high of $20.25. The firm has a fifty day moving average of $13.99 and a two-hundred day moving average of $16.30.

AvePoint (NASDAQ:AVPT) last issued its earnings results on Thursday, November 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The company had revenue of $109.73 million during the quarter, compared to analyst estimates of $105.72 million. AvePoint had a net margin of 0.55% and a return on equity of 0.66%. On average, research analysts forecast that AvePoint, Inc. will post -0.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Dbs Bank raised shares of AvePoint to a “moderate buy” rating in a research report on Monday, October 6th. Baird R W upgraded shares of AvePoint to a “hold” rating in a report on Monday, October 27th. Wall Street Zen upgraded AvePoint from a “hold” rating to a “buy” rating in a research note on Sunday, November 9th. Citigroup dropped their target price on AvePoint from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, August 18th. Finally, DA Davidson initiated coverage on AvePoint in a research note on Monday, September 22nd. They issued a “buy” rating and a $20.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $19.03.

Insider Buying and Selling

In other news, insider Brian Michael Brown sold 500,000 shares of the business’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $15.21, for a total value of $7,605,000.00. Following the completion of the sale, the insider directly owned 640,288 shares in the company, valued at approximately $9,738,780.48. The trade was a 43.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO James Caci sold 216,000 shares of the firm’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $15.21, for a total value of $3,285,360.00. Following the transaction, the chief financial officer owned 213,030 shares in the company, valued at $3,240,186.30. This trade represents a 50.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 5,720,780 shares of company stock worth $86,945,866. 26.19% of the stock is currently owned by insiders.

AvePoint 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.