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A company insider recently sold 20,000 shares of AvePoint Inc [AVPT]. Should You Sale?

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Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. AvePoint Inc shares valued at $207,400 were sold by Brown Brian Michael on Jul 01 ’24. At $10.37 per share, Brown Brian Michael sold 20,000 shares. The insider’s holdings dropped to 1,297,373 shares worth approximately $13.27 million following the completion of this transaction.

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Also, Brown Brian Michael sold 20,000 shares, netting a total of over 181,000 in proceeds. Following the sale of shares at $9.05 each, the insider now holds 1,323,930 shares.

Before that, Caci James had sold 40,000 shares from its account. In a trade valued at $361,600, the Chief Financial Officer traded AvePoint Inc shares for $9.04 each. Upon closing the transaction, the insider’s holdings decreased to 40,000 shares, worth approximately $6.8 million.

As published in their initiating research note from Goldman on February 14, 2023, AvePoint Inc [AVPT] has been a Neutral and the price target has been revised to $5.50. Analysts at Citigroup started covering the stock with ‘”a Neutral”‘ outlook in a report released in early November. As of March 21, 2022, Goldman has decreased its “Buy” rating to a “Neutral” for AVPT. Earlier on January 11, 2022, Cantor Fitzgerald initiated its rating. Their recommendation was “an Overweight” for AVPT stock.

Analyzing AVPT Stock Performance

During the last five days, there has been a surge of approximately 0.54%. Over the course of the year, AvePoint Inc shares have jumped approximately 24.54%. Shares of the company reached a 52-week high of $10.47 on 07/02/24 and a 52-week low of $7.08 on 03/05/24. A 50-day SMA is recorded $9.02, while a 200-day SMA reached $8.08. Nevertheless, trading volume fell to 0.4 million shares from 0.99 million shares the previous day.

Support And Resistance Levels for AvePoint Inc (AVPT)

According to the 24-hour chart, there is a support level at 10.17, which, if violated, would cause prices to drop to 10.09. In the upper region, resistance lies at 10.33. The next price resistance is at 10.42. RSI (Relative Strength Index) is 66.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.30, which suggests the price will decrease in the coming days. Percent R is at 14.94%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.

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