92,908 Shares in AvePoint, Inc. (NASDAQ:AVPT) Bought by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky acquired a new stake in shares of AvePoint, Inc. (NASDAQ:AVPT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 92,908 shares of the company’s stock, valued at approximately $1,094,000.

A number of other hedge funds have also recently modified their holdings of AVPT. US Bancorp DE lifted its position in AvePoint by 8.0% during the 3rd quarter. US Bancorp DE now owns 18,706 shares of the company’s stock valued at $220,000 after acquiring an additional 1,391 shares during the period. National Bank of Canada FI bought a new position in shares of AvePoint during the third quarter valued at approximately $29,000. Cerity Partners LLC lifted its holdings in shares of AvePoint by 6.6% during the third quarter. Cerity Partners LLC now owns 41,499 shares of the company’s stock valued at $488,000 after purchasing an additional 2,571 shares during the last quarter. Creative Planning boosted its position in shares of AvePoint by 19.1% in the 3rd quarter. Creative Planning now owns 29,345 shares of the company’s stock worth $345,000 after purchasing an additional 4,698 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of AvePoint by 8.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 70,013 shares of the company’s stock worth $824,000 after buying an additional 5,352 shares during the last quarter. Institutional investors own 44.49% of the company’s stock.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lifted their price objective on AvePoint from $7.50 to $15.00 and gave the company a “neutral” rating in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.20.

Insiders Place Their Bets

In other AvePoint news, CFO James Caci sold 20,215 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $17.12, for a total value of $346,080.80. Following the completion of the transaction, the chief financial officer now owns 591,890 shares of the company’s stock, valued at approximately $10,133,156.80. The trade was a 3.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Zhijian Lu sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $17.12, for a total transaction of $171,200.00. Following the sale, the insider now directly owns 18,270,673 shares in the company, valued at approximately $312,793,921.76. The trade was a 0.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 110,215 shares of company stock valued at $1,559,481. Corporate insiders own 27.78% of the company’s stock.

AvePoint Stock Down 3.5 %

NASDAQ:AVPT opened at $17.76 on Thursday. AvePoint, Inc. has a 52 week low of $7.08 and a 52 week high of $19.16. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of -355.13 and a beta of 1.00. The company’s 50 day moving average price is $15.37 and its 200-day moving average price is $12.35.

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.