AvePoint Inc’s filing revealed that its Chief Legal Officer Brown Brian Michael unloaded Company’s shares for reported $0.15 million on Apr 01 ’24. In the deal valued at $7.74 per share,20,000 shares were sold. As a result of this transaction, Brown Brian Michael now holds 1,371,240 shares worth roughly $10.64 million.
Then, Caci James sold 6,939 shares, generating $55,518 in total proceeds. Upon selling the shares at $8.00, the Chief Financial Officer now owns 710,473 shares.
Before that, Caci James sold 3,061 shares. AvePoint Inc shares valued at $24,488 were divested by the Chief Financial Officer at a price of $8.00 per share. As a result of the transaction, Caci James now holds 717,412 shares, worth roughly $5.57 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 jump 0.52% to $7.76. Over the last five days, the stock has lost -4.79%. AvePoint Inc shares have fallen nearly -5.48% since the year began. Nevertheless, the stocks have risen 86.54% over the past one year. While a 52-week high of $8.61 was reached on 03/01/24, a 52-week low of $4.01 was recorded on 03/05/24. SMA at 50 days reached $7.87, while 200 days put it at $7.35. A total of 0.52 million shares were traded, compared to the trading of 0.45 million shares in the previous session.
Levels Of Support And Resistance For AVPT Stock
The 24-hour chart illustrates a support level at 7.66, which if violated will result in even more drops to 7.55. On the upside, there is a resistance level at 7.85. A further resistance level may holdings at 7.93. The Relative Strength Index (RSI) on the 14-day chart is 46.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.92%. Stochastics %K at 25.96% indicates the stock is a holding.
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.
