AvePoint (NASDAQ:AVPT) Issues Quarterly Earnings Results, Misses Expectations By $0.01 EPS

AvePoint (NASDAQ:AVPT) released its quarterly earnings data on Thursday. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01), FiscalAI reports. AvePoint had a net margin of 0.55% and a return on equity of 0.71%. The firm had revenue of $109.73 million during the quarter, compared to analysts’ expectations of $105.72 million. AvePoint updated its FY 2025 guidance to EPS and its Q4 2025 guidance to EPS.

AvePoint Trading Down 12.7%

AVPT traded down $1.76 during trading on Friday, reaching $12.08. The company’s stock had a trading volume of 4,239,234 shares, compared to its average volume of 1,091,812. The firm has a fifty day simple moving average of $15.05 and a two-hundred day simple moving average of $16.86. AvePoint has a 1 year low of $11.49 and a 1 year high of $20.25.

Analyst Ratings Changes

Several equities research analysts recently commented on AVPT shares. Weiss Ratings reissued a “sell (d-)” rating on shares of AvePoint in a report on Wednesday, October 8th. Wall Street Zen cut shares of AvePoint from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. DA Davidson began coverage on shares of AvePoint in a research note on Monday, September 22nd. They issued a “buy” rating and a $20.00 price target on the stock. Baird R W upgraded AvePoint to a “hold” rating in a report on Monday, October 27th. Finally, B. Riley assumed coverage on AvePoint in a report on Tuesday, August 26th. They set a “buy” rating and a $25.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.03.

Insider Activity at AvePoint

In other AvePoint news, insider Brian Michael Brown sold 1,848 shares of the firm’s stock in a transaction on Friday, October 24th. The stock was sold at an average price of $15.03, for a total value of $27,775.44. Following the completion of the sale, the insider directly owned 631,893 shares of the company’s stock, valued at $9,497,351.79. This trade represents a 0.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Xunkai Gong sold 18,321 shares of AvePoint stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $13.80, for a total value of $252,829.80. Following the transaction, the chairman owned 15,040,668 shares in the company, valued at approximately $207,561,218.40. This represents a 0.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 5,755,780 shares of company stock valued at $87,487,316. 26.19% of the stock is currently owned by insiders.

Hedge Funds Weigh In On AvePoint

A number of institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. boosted its holdings in AvePoint by 1.5% in the 2nd quarter. Raymond James Financial Inc. now owns 1,307,295 shares of the company’s stock valued at $25,244,000 after purchasing an additional 19,476 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of AvePoint by 11.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 759,647 shares of the company’s stock valued at $10,969,000 after buying an additional 76,403 shares during the period. BNP Paribas Financial Markets lifted its holdings in AvePoint by 36.8% in the second quarter. BNP Paribas Financial Markets now owns 726,081 shares of the company’s stock valued at $14,021,000 after acquiring an additional 195,361 shares during the last quarter. Bank of America Corp DE lifted its holdings in AvePoint by 41.1% in the second quarter. Bank of America Corp DE now owns 551,912 shares of the company’s stock valued at $10,657,000 after acquiring an additional 160,700 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in AvePoint by 118.5% in the first quarter. AQR Capital Management LLC now owns 323,055 shares of the company’s stock worth $4,665,000 after acquiring an additional 175,194 shares during the period. 44.49% of the stock is owned by hedge funds and other institutional investors.

About AvePoint

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.