AvePoint Inc. [AVPT] Insider Activity: An Update for Investors


AvePoint Inc.’s filing revealed that its 10% Owner Sixth Street Partners Manageme unloaded Company’s shares for reported $27.72 million on Jun 13. In the deal valued at $6.16 per share,4,500,000 shares were sold. As a result of this transaction, Sixth Street Partners Manageme now holds 5,790,520 shares worth roughly $ 37.81 million.

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Goldman initiated its AvePoint Inc. [AVPT] rating to a Neutral in a research note published on Friday, February 14, 2023; the price target was $5.50. PT values the company’s stock at a premium of -18.73 to its Friday closing price.

Price Performance Review of AVPT

On Friday, AvePoint Inc. [NASDAQ:AVPT] saw its stock jump 2.35% to $6.53. On the same session, the stock had its day’s lowest price of $6.39, but rose to a high of $6.59. Over the last five days, the stock has lost -1.66%. AvePoint Inc. shares have risen nearly 58.88% since the year began. Nevertheless, the stocks have risen 32.72% over the past one year. While a 52-week high of $6.93 was reached on 06/06/23, a 52-week low of $3.40 was recorded on 03/28/23. SMA at 50 days reached $6.01, while 200 days put it at $5.05. A total of 0.61 million shares were traded, compared to the trading of 0.57 million shares in the previous session.

Levels Of Support And Resistance For AVPT Stock

The 24-hour chart illustrates a support level at 6.42, which if violated will result in even more drops to 6.30. On the upside, there is a resistance level at 6.62. A further resistance level may holdings at 6.70. The Relative Strength Index (RSI) on the 14-day chart is 60.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.96%. Stochastics %K at 71.63% indicates the stock is a holding.

How much short interest is there in AvePoint Inc.?

A steep rise in short interest was recorded in AvePoint Inc. stocks on Aug 14, 2023, dropping by -0.72 million shares to a total of 4.7 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 5.42 million shares. There was a decline of -15.32%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.76% of the overall stock float, the days-to-cover ratio (short ratio) fell to 7.37.

AvePoint Inc. [AVPT] – Who Are The Largest Shareholders?

In filings from Sixth Street Advisers LLC, it is revealed that the company now owns 24,000,592 shares, or roughly 12.95% of the outstanding AVPT shares. In other words, the investor’s shares have fallen by -4,500,000 from its previous 13-F filing of 28500592.0. Additionally, The Vanguard Group, Inc. increased 9.93% of its stake after which the total value it holdings stand at $88,638,548, while BlackRock Fund Advisors added 23.13% of its stake to hold $53.94 million in the firm. At present, SSgA Funds Management, Inc. is holding 2,717,506 shares valued at $16.85 million. Geode Capital Management LLC owned 2,551,695 shares of the company at the time of its most recent 13F filing, worth $15.82 million.

According to FactSet, AvePoint Inc.’s share price will average $7.63 in the next year, based on opinions of analysts polled by the firm. This is up nearly 13.64 percent from its previous closing price of $6.38. Analysts expect AvePoint Inc. stock to reach the higher price of $10.00, while the lowest price estimate is $5.50. However, 7 analysts have rated AVPT stock as an Overweight in their predictions for 2023.


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