Institutional Investors Increase Stake in AvidXchange Holdings, Inc.

Charles Schwab Investment Management Inc. Grows Stake in AvidXchange Holdings, Inc. (NASDAQ:AVDX)

Several institutional investors, including Charles Schwab Investment Management Inc., Lisanti Capital Growth LLC, National Bank of Canada FI, Victory Capital Management Inc., Russell Investments Group Ltd., and Bailard Inc., increased their stake in AvidXchange Holdings, Inc. during the fourth quarter.

AvidXchange Holdings, Inc.

Aigen Investment Management LP Reduces Stake in AvidXchange Holdings, Inc.

Aigen Investment Management LP Has $188000 Stock Holdings in AvidXchange Holdings, Inc. (NASDAQ:AVDX)

Aigen Investment Management LP sold 45,778 shares of AvidXchange Holdings, Inc. during the 4th quarter, reducing its stake to 15,175 shares worth $188,000.

Analyst Ratings Downgraded

Analyzing AvidXchange Holdings Inc (AVDX) After Recent Trading Activity – Knox Daily

Goldman downgraded its AvidXchange Holdings Inc rating to a Sell from a Neutral with a price target decreased to $11.50 from $13, and Piper Sandler decreased its forecast with a 'Neutral' recommendation from previously 'an Overweight' rating.

Vanguard Group Inc. and Other Institutional Investors Increase Stake in AvidXchange Holdings, Inc.

AvidXchange Holdings, Inc. (NASDAQ:AVDX) Shares Sold by D.A. Davidson & CO.

Vanguard Group Inc., Senvest Management LLC, Lord Abbett & CO. LLC, North Reef Capital Management LP, and Dimensional Fund Advisors LP increased their stake in AvidXchange Holdings, Inc. during the third and fourth quarters.

D.A. Davidson & CO. Sells Shares of AvidXchange Holdings, Inc.

D.A. Davidson & CO. sold 4,790 shares of AvidXchange Holdings, Inc. during the fourth quarter, reducing its stake to 86,110 shares.

AvidXchange Holdings Inc's CEO and President Sell Shares

AvidXchange Holdings Inc's CEO, Praeger Michael, sold 43,738 shares generating $0.49 million in total proceeds, and President Drees Daniel sold 6,118 shares generating $68,564 in total proceeds.

AvidXchange Holdings, Inc. provides accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers in North America. The company offers AP automation software, a SaaS-based solution that automates and digitizes capture, review, approval, and payment of invoices for buyers; the AvidPay network that connects two-sided payments with buyers and suppliers; and the AvidXchange Supplier Hub, which provides supplier insights to cash flow, tools for in-network invoices and payments, and early payment feature. Its platform offers electronic invoice capture, workflow routing, and automated payments solutions.

AvidXchange is a leading provider of accounts payable (“AP”) automation software and payment solutions for middle market businesses and their suppliers. 

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Temasek Holdings

Sixth Street Partners

Alpha Square Group

Pivot Investment Partners

Schonfeld Strategic Advisors

Lone Pine Capital

Mastercard

Neuberger Berman

Sapphire Ventures

AvidXchange, Inc.

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AvidXchange Holdings, Inc. provides accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers in North America. The company offers AP automation software, a SaaS-based solution that automates and digitizes capture, review, approval, and payment of invoices for buyers; the AvidPay network that connects two-sided payments with buyers and suppliers; and cash flow manager that provides cash management solutions. Its platform offers electronic invoice capture, workflow routing, and automated payments solutions. The company markets its solutions through direct salesforces; strategic channel partnerships; and software and technology business partners. It serves real estate, homeowners associations, construction, financial services, healthcare facilities, social services, education, and media sectors. The company was incorporated in 2000 and is headquartered in Charlotte, North Carolina.

COM:AVIDXCHANGE

AvidXchange Holdings, Inc.

Last Close

8.21

25/09 14:39

Market Cap

2.50B

Beta: -

Volume Today

140.48K

Avg: -

Analysis Not Available