Harvest Fund Management Co. Ltd Purchases 15,114 Shares of AvePoint, Inc. (NASDAQ:AVPT)

Harvest Fund Management Co. Ltd grew its position in shares of AvePoint, Inc. (NASDAQ:AVPT) by 43,182.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,149 shares of the company’s stock after purchasing an additional 15,114 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in AvePoint were worth $250,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new position in AvePoint during the 4th quarter worth approximately $25,000. National Bank of Canada FI bought a new position in AvePoint during the 3rd quarter worth approximately $29,000. Heck Capital Advisors LLC bought a new position in AvePoint during the 4th quarter worth approximately $29,000. R Squared Ltd bought a new position in AvePoint during the 4th quarter worth approximately $45,000. Finally, Principal Securities Inc. grew its position in shares of AvePoint by 12,961.9% during 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 period. Institutional investors own 44.49% of the company’s stock.

AvePoint Trading Down 0.1 %

NASDAQ AVPT opened at $15.05 on Friday. The company has a fifty day simple moving average of $17.10 and a 200 day simple moving average of $15.49. AvePoint, Inc. has a 12-month low of $7.52 and a 12-month high of $19.90. The company has a market cap of $3.04 billion, a P/E ratio of -300.94 and a beta of 1.11.

Analyst Upgrades and Downgrades

AVPT has been the subject of several recent analyst reports. Citigroup reduced their price objective on shares of AvePoint from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. William Blair reaffirmed an “outperform” rating on shares of AvePoint in a research report on Tuesday, March 4th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, AvePoint presently has an average rating of “Moderate Buy” and a consensus price target of $15.75.

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.