Balboa Wealth Partners Grows Stock Holdings in AvePoint, Inc. (NASDAQ:AVPT)

Balboa Wealth Partners raised its stake in AvePoint, Inc. (NASDAQ:AVPT) by 19.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,641 shares of the company’s stock after buying an additional 2,027 shares during the period. Balboa Wealth Partners’ holdings in AvePoint were worth $209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Quantbot Technologies LP boosted its position in AvePoint by 142.8% in the 3rd quarter. Quantbot Technologies LP now owns 153,747 shares of the company’s stock valued at $1,810,000 after buying an additional 90,413 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of AvePoint by 8.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 70,013 shares of the company’s stock valued at $824,000 after purchasing an additional 5,352 shares in the last quarter. Walleye Capital LLC bought a new stake in shares of AvePoint in the 3rd quarter valued at about $2,970,000. Charles Schwab Investment Management Inc. raised its holdings in shares of AvePoint by 7.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 897,584 shares of the company’s stock valued at $10,565,000 after purchasing an additional 63,323 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of AvePoint by 13.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,536,660 shares of the company’s stock valued at $18,086,000 after purchasing an additional 184,361 shares in the last quarter. 44.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on AVPT. Citigroup reduced their price target on shares of AvePoint from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday. William Blair restated an “outperform” rating on shares of AvePoint in a report on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.75.

AvePoint Stock Up 6.3 %

NASDAQ AVPT opened at $14.66 on Friday. The firm has a market cap of $2.96 billion, a PE ratio of -293.14 and a beta of 1.11. AvePoint, Inc. has a 52 week low of $7.44 and a 52 week high of $19.90. The company has a 50 day moving average price of $17.27 and a 200 day moving average price of $15.37.

AvePoint Company Profile

AvePoint, Inc provides cloud-native data management software platform in North America, Europe, Middle East, Africa, and Asia Pacific. It also offers software-as-a-service solutions and productivity applications. The company offers modularity and cloud services architecture to address critical challenges and the management of data to organizations that leverage third-party cloud vendors, including Microsoft, Salesforce, Google, AWS, Box, DropBox, and others; license and support; and maintenance services.