Insider Selling: AvePoint, Inc. (NASDAQ:AVPT) Major Shareholder Sells 10,000 Shares of Stock

AvePoint, Inc. (NASDAQ:AVPT) major shareholder Zhijian Lu sold 10,000 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $15.66, for a total value of $156,600.00. Following the completion of the transaction, the insider now owns 18,290,673 shares in the company, valued at approximately $286,431,939.18. The trade was a 0.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Zhijian Lu also recently made the following trade(s):

• On Thursday, November 14th, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $15.77, for a total transaction of $157,700.00.
• On Monday, October 21st, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $12.10, for a total transaction of $121,000.00.
• On Friday, October 18th, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $12.24, for a total transaction of $122,400.00.
• On Wednesday, October 16th, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $12.24, for a total transaction of $122,400.00.
• On Monday, October 14th, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $12.37, for a total value of $123,700.00.
• On Monday, September 23rd, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $11.90, for a total value of $119,000.00.
• On Friday, September 20th, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $11.94, for a total value of $119,400.00.
• On Wednesday, September 18th, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $11.73, for a total transaction of $117,300.00.
• On Monday, September 16th, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $11.91, for a total transaction of $119,100.00.
• On Monday, August 26th, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $10.80, for a total transaction of $108,000.00.

AvePoint Price Performance

Shares of AVPT stock opened at $17.50 on Thursday. The business’s fifty day moving average price is $12.77 and its 200 day moving average price is $11.02. The firm has a market capitalization of $3.27 billion, a PE ratio of -350.00 and a beta of 0.88. AvePoint, Inc. has a 1-year low of $7.08 and a 1-year high of $17.50.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. The Goldman Sachs Group increased their price objective on AvePoint from $7.50 to $15.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th. Northland Securities increased their price target on AvePoint from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Finally, Cantor Fitzgerald boosted their price objective on shares of AvePoint from $11.00 to $13.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, AvePoint has a consensus rating of “Moderate Buy” and an average price target of $13.20.

Hedge Funds Weigh In On AvePoint

Large investors have recently made changes to their positions in the stock. National Bank of Canada FI acquired a new position in AvePoint during the third quarter worth about $29,000. Canada Pension Plan Investment Board acquired a new stake in shares of AvePoint in the 2nd quarter worth approximately $83,000. Balboa Wealth Partners purchased a new position in AvePoint in the 3rd quarter valued at approximately $125,000. Algert Global LLC acquired a new position in AvePoint during the second quarter worth $116,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in AvePoint during the third quarter worth $171,000. Hedge funds and other institutional investors own 44.49% of the company’s stock.

About AvePoint

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.