Moran Wealth Management LLC Purchases 1,083 Shares of AvePoint, Inc. (NASDAQ:AVPT)

Moran Wealth Management LLC grew its position in shares of AvePoint, Inc. (NASDAQ:AVPT) by 2.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,571 shares of the company’s stock after buying an additional 1,083 shares during the quarter. Moran Wealth Management LLC’s holdings in AvePoint were worth $818,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of AVPT. Global Retirement Partners LLC purchased a new stake in shares of AvePoint during the fourth quarter valued at approximately $25,000. National Bank of Canada FI bought a new position in AvePoint in the 3rd quarter valued at $29,000. Heck Capital Advisors LLC purchased a new stake in shares of AvePoint during the 4th quarter valued at $29,000. R Squared Ltd bought a new stake in shares of AvePoint during the 4th quarter worth $45,000. Finally, Principal Securities Inc. boosted its holdings in shares of AvePoint by 12,961.9% in the 4th quarter. Principal Securities Inc. now owns 2,743 shares of the company’s stock worth $45,000 after buying an additional 2,722 shares during the last quarter. Institutional investors own 44.49% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on AVPT shares. Citigroup decreased their price objective on shares of AvePoint from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday. William Blair restated an “outperform” rating on shares of AvePoint in a research note on Tuesday, March 4th. Finally, The Goldman Sachs Group upped 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $15.75.

AvePoint Stock Up 0.9 %

Shares of NASDAQ:AVPT opened at $13.62 on Wednesday. The company has a 50-day moving average price of $17.42 and a two-hundred day moving average price of $15.36. AvePoint, Inc. has a twelve month low of $7.44 and a twelve month high of $19.90. The firm has a market capitalization of $2.75 billion, a PE ratio of -272.35 and a beta of 1.11.

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.