Pictet Asset Management SA acquired a new stake in AvePoint, Inc. (NASDAQ:AVPT – Get Rating) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 13,926 shares of the company’s stock, valued at approximately $60,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. National Asset Management Inc. raised its holdings in shares of AvePoint by 15.7% in the 1st quarter. National Asset Management Inc. now owns 19,950 shares of the company’s stock valued at $105,000 after purchasing an additional 2,700 shares in the last quarter. Quantbot Technologies LP raised its holdings in shares of AvePoint by 136.8% in the 1st quarter. Quantbot Technologies LP now owns 6,867 shares of the company’s stock valued at $36,000 after purchasing an additional 3,967 shares in the last quarter. Clear Harbor Asset Management LLC raised its holdings in shares of AvePoint by 32.8% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 38,500 shares of the company’s stock valued at $167,000 after purchasing an additional 9,500 shares in the last quarter. Royal Bank of Canada raised its stake in AvePoint by 97,940.0% during the 1st quarter. Royal Bank of Canada now owns 9,804 shares of the company’s stock worth $52,000 after acquiring an additional 9,794 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in AvePoint during the 2nd quarter worth $47,000. 41.99% of the stock is currently owned by institutional investors and hedge funds.
AvePoint Stock Performance
NASDAQ AVPT opened at $4.78 on Friday. The firm has a market cap of $873.83 million, a PE ratio of -25.16 and a beta of 1.02. AvePoint, Inc. has a one year low of $3.40 and a one year high of $7.19. The firm’s fifty day moving average is $4.14 and its two-hundred day moving average is $4.68.
Wall Street Analysts Forecast Growth
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.
- Get a free copy of the StockNews.com research report on AvePoint (AVPT)
- Institutional Support for Analog Devices Remains High
- Microsoft Shares: Is it Time to Back Up the Truck?
- Salesforce Cuts Labor, Shows Strong Earnings Despite Challenges
- Is the 60/40 Portfolio Mix Still in Vogue?
- Three CBD Stocks to Dominate a Budding Industry
Receive News & Ratings for AvePoint Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AvePoint and related companies with MarketBeat.com's FREE daily email newsletter.