Teacher Retirement System of Texas Raises Stock Holdings in AvePoint, Inc. (NASDAQ:AVPT)

Teacher Retirement System of Texas grew its stake in shares of AvePoint, Inc. (NASDAQ:AVPT) by 390.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 152,728 shares of the company’s stock after buying an additional 121,576 shares during the period. Teacher Retirement System of Texas owned 0.08% of AvePoint worth $2,522,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in AVPT. Harvest Fund Management Co. Ltd raised its stake in AvePoint by 43,182.9% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 15,149 shares of the company’s stock worth $250,000 after acquiring an additional 15,114 shares during the period. Intech Investment Management LLC raised its position in shares of AvePoint by 120.8% during the 4th quarter. Intech Investment Management LLC now owns 65,256 shares of the company’s stock valued at $1,077,000 after purchasing an additional 35,706 shares during the period. Counterpoint Mutual Funds LLC purchased a new position in shares of AvePoint during the 4th quarter valued at $443,000. Cibc World Markets Corp bought a new position in AvePoint in the 4th quarter worth $199,000. Finally, Balboa Wealth Partners increased its stake in AvePoint by 19.1% in the 4th quarter. Balboa Wealth Partners now owns 12,641 shares of the company’s stock worth $209,000 after buying an additional 2,027 shares in the last quarter. 44.49% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at AvePoint

In related news, insider Brian Michael Brown sold 35,000 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $15.40, for a total transaction of $539,000.00. Following the sale, the insider now owns 1,347,145 shares of the company’s stock, valued at $20,746,033. This represents a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 26.19% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. William Blair restated an “outperform” rating on shares of AvePoint in a research report on Tuesday, March 4th. Citigroup lowered their price target on AvePoint from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $15.75.

AvePoint Stock Down 1.1 %

Shares of AvePoint stock opened at $15.06 on Thursday. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of -301.14 and a beta of 1.11. AvePoint, Inc. has a twelve month low of $7.52 and a twelve month high of $19.90. The business has a 50-day moving average price of $17.01 and a 200-day moving average price of $15.59.

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.