SG Americas Securities LLC purchased a new position in shares of AvePoint, Inc. (NASDAQ:AVPT – Get Rating) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 10,741 shares of the company’s stock, valued at approximately $47,000.
A number of other large investors have also recently bought and sold shares of AVPT. Vanguard Group Inc. boosted its position in AvePoint by 227.8% during the 1st quarter. Vanguard Group Inc. now owns 10,390,928 shares of the company’s stock worth $54,656,000 after acquiring an additional 7,220,811 shares during the last quarter. EVR Research LP acquired a new position in AvePoint during the 1st quarter worth approximately $2,909,000. Luminus Management LLC acquired a new position in AvePoint during the 1st quarter worth approximately $2,496,000. Citigroup Inc. boosted its position in AvePoint by 891.1% during the 1st quarter. Citigroup Inc. now owns 393,221 shares of the company’s stock worth $2,068,000 after acquiring an additional 353,546 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in AvePoint during the 1st quarter worth approximately $1,395,000. Institutional investors and hedge funds own 41.99% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have weighed in on AVPT. Citigroup upped their price target on AvePoint from $4.50 to $5.00 and gave the stock a “neutral” rating in a research report on Tuesday. Evercore ISI cut their price objective on AvePoint to $5.00 in a report on Wednesday.
AvePoint Trading Down 6.1 %
AvePoint, Inc provides Microsoft 365 data management solutions worldwide. It offers SaaS platform cloud-hosted collaboration systems by providing suite of software products. The company focuses on data protection, governance, compliance management extensions for Microsoft 365, Dynamics 365, Salesforce, and Google Workspace.
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