AvePoint Inc’s recently made public 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 $9.8 million.
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 $302.38 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 jump 1.53% to $16.55. Over the last five days, the stock has lost -1.43%. AvePoint Inc shares have risen nearly 0.24% since the year began. Nevertheless, the stocks have risen 102.82% over the past one year. While a 52-week high of $19.16 was reached on 01/03/25, a 52-week low of $7.08 was recorded on 01/13/25. SMA at 50 days reached $16.78, while 200 days put it at $11.80.
Levels Of Support And Resistance For AVPT Stock
The 24-hour chart illustrates a support level at 16.38, which if violated will result in even more drops to 16.21. On the upside, there is a resistance level at 16.71. A further resistance level may holdings at 16.87. The Relative Strength Index (RSI) on the 14-day chart is 44.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.22%. Stochastics %K at 24.54% 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 2024-12-31, dropping by -0.8 million shares to a total of 6.18 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 6.97 million shares. There was a decline of -12.9%, which implies that there is a negative 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.
