Prudential PLC Acquires Stake in AvePoint, Inc.

Investment firm buys 1.7 million shares of the cloud data management company

Mar. 14, 2026 at 10:18am

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Prudential PLC, a major global investment firm, has acquired a new position in AvePoint, Inc. (NASDAQ:AVPT), purchasing 1,773,740 shares of the cloud data management company's stock during the third quarter of 2026. The shares are valued at approximately $26.8 million, representing about 0.84% ownership of AvePoint.

Why it matters

This investment by Prudential PLC, one of the world's largest asset managers, signals confidence in AvePoint's growth potential and the broader demand for its data governance and compliance solutions for Microsoft 365 and other cloud platforms. As enterprises increasingly migrate to the cloud, tools that help manage, protect, and ensure regulatory compliance of collaboration data have become essential.

The details

According to a recent SEC filing, Prudential PLC bought the 1.7 million shares of AvePoint stock in the third quarter of 2026. This new position makes Prudential one of AvePoint's larger institutional investors, owning about 0.84% of the company's outstanding shares. Other major investors in AvePoint include Invesco Ltd. and Franklin Resources Inc., which have also significantly increased their stakes in the company over the past year.

  • Prudential PLC acquired the 1.7 million AvePoint shares in the third quarter of 2026.

The players

Prudential PLC

A major global investment management firm headquartered in the United Kingdom.

AvePoint, Inc.

A leading provider of data management, governance, and compliance solutions for Microsoft 365 and other cloud platforms, headquartered in Jersey City, New Jersey.

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The takeaway

Prudential PLC's substantial investment in AvePoint underscores the growing importance of cloud data management and governance solutions as enterprises rapidly migrate their operations and collaboration tools to the cloud. This deal highlights AvePoint's position as a key player in this market and the confidence institutional investors have in the company's long-term growth potential.