BlackRock Discloses 5.0% Passive Stake in AvePoint (AVPT)
Ticker: AVPT · Form: SC 13G · Filed: Jan 29, 2024 · CIK: 1777921
| Field | Detail |
|---|---|
| Company | Avepoint, Inc. (AVPT) |
| Form Type | SC 13G |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**BlackRock now owns 5.0% of AvePoint, a big institutional vote of confidence.**
AI Summary
BlackRock Inc. reported on January 29, 2024, that as of December 31, 2023, it beneficially owns 5.0% of AvePoint, Inc.'s Class A Common Stock. This filing indicates BlackRock's passive investment in AvePoint, a prepackaged software company, holding 3,747,381 shares. This matters to investors because BlackRock's significant stake signals institutional confidence in AvePoint, potentially influencing other investors and the stock's perceived stability.
Why It Matters
BlackRock's substantial, albeit passive, investment in AvePoint could be seen as a vote of confidence from a major institutional investor, potentially attracting more attention to the stock.
Risk Assessment
Risk Level: low — This filing indicates a passive investment by a large institutional investor, which generally reduces perceived risk due to increased institutional ownership.
Analyst Insight
A smart investor would view BlackRock's 5.0% passive stake as a positive signal, suggesting fundamental stability, and might consider further research into AvePoint's business fundamentals and future growth prospects.
Key Numbers
- 5.0% — Ownership Percentage (BlackRock's stake in AvePoint's Class A Common Stock)
- 3,747,381 — Shares Owned (Total number of Class A Common Stock shares beneficially owned by BlackRock)
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G
- AvePoint, Inc. (company) — the subject company whose shares are being reported
- 3,747,381 (dollar_amount) — number of shares beneficially owned by BlackRock
- 5.0% (dollar_amount) — percentage of Class A Common Stock owned by BlackRock
- December 31, 2023 (person) — the date of the event requiring the filing
- January 29, 2024 (person) — the filing date of the SC 13G
Forward-Looking Statements
- AvePoint's stock price may experience a slight positive sentiment due to increased institutional ownership. (AvePoint, Inc.) — medium confidence, target: next 3 months
- Other institutional investors might increase their positions in AvePoint, following BlackRock's lead. (AvePoint, Inc.) — low confidence, target: next 6 months
FAQ
What is the specific percentage of AvePoint, Inc. Class A Common Stock that BlackRock Inc. reported owning?
BlackRock Inc. reported beneficially owning 5.0% of AvePoint, Inc.'s Class A Common Stock as of December 31, 2023.
How many shares of AvePoint, Inc. Class A Common Stock does BlackRock Inc. beneficially own according to this filing?
BlackRock Inc. beneficially owns 3,747,381 shares of AvePoint, Inc. Class A Common Stock.
What was the 'Date of Event Which Requires Filing of this Statement' for this SC 13G?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023.
Under which specific rule of the Securities Exchange Act of 1934 was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b).
What is the CUSIP number for AvePoint, Inc.'s Class A Common Stock as stated in the filing?
The CUSIP number for AvePoint, Inc.'s Class A Common Stock is 053604104.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 29, 2024 by December 31, 2023 regarding AvePoint, Inc. (AVPT).