AvePoint Inc’s filing revealed that its Chief Financial Officer Caci James unloaded Company’s shares for reported $0.35 million on Nov 20 ’24. In the deal valued at $17.12 per share,20,215 shares were sold. As a result of this transaction, Caci James now holds 591,890 shares worth roughly $10.45 million.
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Then, Lu Zhijian sold 10,000 shares, generating $178,100 in total proceeds. Upon selling the shares at $17.81, the 10% Owner now owns 18,260,673 shares.
Before that, Lu Zhijian sold 10,000 shares. AvePoint Inc shares valued at $171,200 were divested by the 10% Owner at a price of $17.12 per share. As a result of the transaction, Lu Zhijian now holds 18,270,673 shares, worth roughly $322.48 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 Friday, AvePoint Inc [NASDAQ:AVPT] saw its stock fall -0.95% to $17.65. Over the last five days, the stock has lost -3.55%. AvePoint Inc shares have risen nearly 114.98% since the year began. Nevertheless, the stocks have risen 114.72% over the past one year. While a 52-week high of $18.75 was reached on 11/25/24, a 52-week low of $7.08 was recorded on 03/05/24. SMA at 50 days reached $13.53, while 200 days put it at $10.38.
Levels Of Support And Resistance For AVPT Stock
The 24-hour chart illustrates a support level at 17.53, which if violated will result in even more drops to 17.40. On the upside, there is a resistance level at 17.88. A further resistance level may holdings at 18.11. The Relative Strength Index (RSI) on the 14-day chart is 74.19, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.10%. Stochastics %K at 77.08% 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 2024-11-15, growing by 1.1 million shares to a total of 6.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 4.95 million shares. There was a rise of 18.14%, which implies that there is a positive sentiment for the stock.
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.
