Xunkai Gong Sells 18,321 Shares of AvePoint (NASDAQ:AVPT) Stock

AvePoint, Inc. (NASDAQ:AVPT) Chairman Xunkai Gong sold 18,321 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $13.80, for a total transaction of $252,829.80. Following the completion of the sale, the chairman owned 15,040,668 shares in the company, valued at $207,561,218.40. This represents a 0.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Xunkai Gong also recently made the following trade(s):

• On Monday, November 3rd, Xunkai Gong sold 41,679 shares of AvePoint stock. The shares were sold at an average price of $13.96, for a total transaction of $581,838.84.
• On Tuesday, October 7th, Xunkai Gong sold 4,167 shares of AvePoint stock. The stock was sold at an average price of $15.08, for a total transaction of $62,838.36.
• On Monday, October 6th, Xunkai Gong sold 55,833 shares of AvePoint stock. The stock was sold at an average price of $15.31, for a total transaction of $854,803.23.
• On Tuesday, September 30th, Xunkai Gong sold 28,050 shares of AvePoint stock. The shares were sold at an average price of $14.84, for a total transaction of $416,262.00.
• On Monday, September 29th, Xunkai Gong sold 31,950 shares of AvePoint stock. The shares were sold at an average price of $15.34, for a total value of $490,113.00.
• On Thursday, September 18th, Xunkai Gong sold 2,068,966 shares of AvePoint stock. The stock was sold at an average price of $15.21, for a total value of $31,468,972.86.

AvePoint Stock Performance

Shares of NASDAQ:AVPT opened at $13.84 on Friday. The business has a fifty day moving average of $15.13 and a 200-day moving average of $16.86. AvePoint, Inc. has a twelve month low of $12.49 and a twelve month high of $20.25. The firm has a market cap of $2.93 billion, a PE ratio of -276.74 and a beta of 1.40.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. M&T Bank Corp lifted its holdings in AvePoint by 3.0% during the 1st quarter. M&T Bank Corp now owns 22,058 shares of the company’s stock valued at $319,000 after purchasing an additional 634 shares during the last quarter. ProShare Advisors LLC raised its position in shares of AvePoint by 1.7% in the second quarter. ProShare Advisors LLC now owns 37,656 shares of the company’s stock valued at $727,000 after buying an additional 638 shares in the last quarter. State of Wyoming raised its holdings in AvePoint by 3.0% in the 1st quarter. State of Wyoming now owns 27,128 shares of the company’s stock valued at $392,000 after acquiring an additional 780 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of AvePoint by 68.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,263 shares of the company’s stock valued at $44,000 after acquiring an additional 919 shares during the period. Finally, Sheaff Brock Investment Advisors LLC grew its holdings in shares of AvePoint by 4.9% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 23,961 shares of the company’s stock worth $346,000 after purchasing an additional 1,117 shares in the last quarter. 44.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AVPT. Baird R W raised AvePoint to a “hold” rating in a report on Monday, October 27th. Cantor Fitzgerald upgraded AvePoint to a “strong-buy” rating in a research report on Friday, July 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of AvePoint in a report on Wednesday, October 8th. Wall Street Zen cut AvePoint from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Robert W. Baird initiated coverage on shares of AvePoint in a research note on Monday, October 27th. They issued a “neutral” rating and a $17.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.91.

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.