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Analyzing AvePoint Inc (AVPT) After Recent Trading Activity

AvePoint Inc’s recently made public that its Chief Financial Officer Caci James unloaded Company’s shares for reported $0.36 million on May 20 ’24. In the deal valued at $9.04 per share,40,000 shares were sold. As a result of this transaction, Caci James now holds 665,097 shares worth roughly $6.26 million.

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Then, Brown Brian Michael sold 20,000 shares, generating $157,200 in total proceeds. Upon selling the shares at $7.86, the Chief Legal Officer now owns 1,351,240 shares.

Before that, Brown Brian Michael sold 20,000 shares. AvePoint Inc shares valued at $154,894 were divested by the Chief Legal Officer at a price of $7.74 per share. As a result of the transaction, Brown Brian Michael now holds 1,371,240 shares, worth roughly $12.9 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 -0.84% to $9.41. Over the last five days, the stock has gained 11.23%. AvePoint Inc shares have risen nearly 14.62% since the year began. Nevertheless, the stocks have risen 64.51% over the past one year. While a 52-week high of $9.60 was reached on 05/20/24, a 52-week low of $5.46 was recorded on 03/05/24. SMA at 50 days reached $8.04, while 200 days put it at $7.64. A total of 2.11 million shares were traded, compared to the trading of 2.62 million shares in the previous session.

Levels Of Support And Resistance For AVPT Stock

The 24-hour chart illustrates a support level at 9.28, which if violated will result in even more drops to 9.14. On the upside, there is a resistance level at 9.54. A further resistance level may holdings at 9.67. The Relative Strength Index (RSI) on the 14-day chart is 78.92, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 10.86%. Stochastics %K at 94.10% indicates the stock is a selling.

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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