Cantor Fitzgerald began coverage on shares of AvePoint (NASDAQ:AVPT) in a research note published on Tuesday, Analyst Price Targets reports. The brokerage issued an overweight rating and a $10.00 target price on the stock.
Separately, Zacks Investment Research downgraded AvePoint from a hold rating to a sell rating in a research note on Monday, November 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, AvePoint presently has a consensus rating of Buy and a consensus price target of $13.71.
Shares of AVPT stock opened at $6.23 on Tuesday. The stock’s 50 day simple moving average is $6.90. AvePoint has a 12-month low of $5.87 and a 12-month high of $17.28.
In related news, CEO Tianyi Jiang bought 39,000 shares of the stock in a transaction on Thursday, December 2nd. The shares were purchased at an average price of $6.43 per share, for a total transaction of $250,770.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Sophia Wu sold 35,000 shares of the stock in a transaction on Wednesday, November 24th. The shares were sold at an average price of $7.03, for a total value of $246,050.00. The disclosure for this sale can be found here. Corporate insiders own 21.11% of the company’s stock.
Large investors have recently made changes to their positions in the business. Advisor Group Holdings Inc. acquired a new stake in AvePoint during the 3rd quarter valued at $35,000. Koshinski Asset Management Inc. acquired a new stake in shares of AvePoint during the third quarter worth $62,000. FNY Investment Advisers LLC acquired a new stake in shares of AvePoint during the third quarter worth $79,000. Moors & Cabot Inc. acquired a new stake in shares of AvePoint during the third quarter worth $247,000. Finally, US Bancorp DE acquired a new stake in shares of AvePoint during the third quarter worth $93,000. Hedge funds and other institutional investors own 13.88% of the company’s stock.
AvePoint Company Profile
AvePoint, Inc provides Microsoft 365 data management solutions worldwide. It offers a suite of SaaS solutions to migrate, manage, and protect data. The company provides cloud solutions for Office 365, Salesforce, and Dynamics 365; and hybrid/on-prem products. It also offers advisory and implementation, maintenance and support, Microsoft Teams surge and advisory, migration as a service, and quick start services.
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