The Attractiveness of Investing In AvePoint Inc (AVPT) is Growing

AvePoint Inc’s recent filing unveils that its Chief Legal Officer Brown Brian Michael unloaded Company’s shares for reported $0.16 million on Mar 01 ’24. In the deal valued at $8.11 per share,20,000 shares were sold. As a result of this transaction, Brown Brian Michael now holds 1,286,088 shares worth roughly $10.07 million.

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Then, Brown Brian Michael sold 20,000 shares, generating $155,600 in total proceeds. Upon selling the shares at $7.78, the Chief Legal Officer now owns 1,306,088 shares.

Before that, Brown Brian Michael sold 20,000 shares. AvePoint Inc shares valued at $158,324 were divested by the Chief Legal Officer at a price of $7.92 per share. As a result of the transaction, Brown Brian Michael now holds 1,326,088 shares, worth roughly $10.38 million.

Goldman initiated its AvePoint Inc [AVPT] rating to a Neutral in a research note published on February 14, 2023; the price target was $5.50. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in early November with a ‘”a Neutral”‘ rating. Goldman also remained covering AVPT and has decreased its forecast on March 21, 2022 with a “Neutral” recommendation from previously “Buy” rating. Cantor Fitzgerald started covering the stock on January 11, 2022. It rated AVPT as “an Overweight”.

Price Performance Review of AVPT

On Tuesday, AvePoint Inc [NASDAQ:AVPT] saw its stock fall -0.51% to $7.83. Over the last five days, the stock has gained 4.96%. AvePoint Inc shares have fallen nearly -4.63% since the year began. Nevertheless, the stocks have risen 83.80% over the past one year. While a 52-week high of $8.61 was reached on 03/01/24, a 52-week low of $3.89 was recorded on 03/05/24. SMA at 50 days reached $7.89, while 200 days put it at $7.15. A total of 0.49 million shares were traded, compared to the trading of 0.72 million shares in the previous session.

Levels Of Support And Resistance For AVPT Stock

The 24-hour chart illustrates a support level at 7.79, which if violated will result in even more drops to 7.75. On the upside, there is a resistance level at 7.91. A further resistance level may holdings at 7.98. The Relative Strength Index (RSI) on the 14-day chart is 49.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.66%. Stochastics %K at 52.57% 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 Feb 29, 2024, dropping by -0.34 million shares to a total of 6.3 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 6.64 million shares. There was a decline of -5.4%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 6.47% of the overall stock float, the days-to-cover ratio (short ratio) fell to 7.62.

The most recent change occurred on August 16, 2021 when Cowen began covering the stock and recommended ‘”an Outperform”‘ rating along with a $14.50 price target.

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