32,424 Shares in AvePoint, Inc. $AVPT Bought by Neo Ivy Capital Management

Neo Ivy Capital Management purchased a new stake in AvePoint, Inc. (NASDAQ:AVPT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 32,424 shares of the company’s stock, valued at approximately $626,000.

Other hedge funds also recently added to or reduced their stakes in the company. Summit Securities Group LLC increased its position in shares of AvePoint by 621.7% in the 1st quarter. Summit Securities Group LLC now owns 2,627 shares of the company’s stock worth $38,000 after purchasing an additional 2,263 shares during the last quarter. Quarry LP grew its stake in AvePoint by 2,028.3% in the first quarter. Quarry LP now owns 3,831 shares of the company’s stock worth $55,000 after purchasing an additional 3,651 shares in the last quarter. CWM LLC increased its holdings in AvePoint by 109.4% in the first quarter. CWM LLC now owns 7,328 shares of the company’s stock valued at $106,000 after buying an additional 3,829 shares during the last quarter. Covestor Ltd increased its holdings in AvePoint by 3,458.5% in the first quarter. Covestor Ltd now owns 8,825 shares of the company’s stock valued at $127,000 after buying an additional 8,577 shares during the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. acquired a new stake in AvePoint during the second quarter valued at approximately $161,000. 44.49% of the stock is owned by institutional investors and hedge funds.

AvePoint Price Performance

Shares of NASDAQ AVPT opened at $12.76 on Friday. AvePoint, Inc. has a 12-month low of $11.49 and a 12-month high of $20.25. The stock’s 50 day simple moving average is $14.39 and its 200 day simple moving average is $16.62.

AvePoint (NASDAQ:AVPT) last issued its earnings results on Thursday, November 6th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). AvePoint had a return on equity of 0.66% and a net margin of 0.55%.The company had revenue of $109.73 million during the quarter, compared to analyst estimates of $105.72 million. AvePoint has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts expect that AvePoint, Inc. will post -0.03 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on AVPT. Evercore ISI decreased their target price on AvePoint from $22.00 to $18.00 and set an “outperform” rating for the company in a research report on Friday, November 7th. Citigroup reduced their price objective on AvePoint from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, August 18th. Wall Street Zen raised shares of AvePoint from a “hold” rating to a “buy” rating in a report on Sunday, November 9th. Robert W. Baird started coverage on shares of AvePoint in a report on Monday, October 27th. They set a “neutral” rating and a $17.00 target price on the stock. Finally, Scotiabank reduced their price target on shares of AvePoint from $22.00 to $17.00 and set a “sector outperform” rating on the stock in a research report on Friday, November 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $19.03.

Insider Buying and Selling

In other news, Chairman Xunkai Gong sold 18,321 shares of AvePoint stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $13.80, for a total transaction of $252,829.80. Following the sale, the chairman owned 15,040,668 shares of the company’s stock, valued at approximately $207,561,218.40. The trade was a 0.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Brian Michael Brown sold 1,848 shares of the business’s stock in a transaction that occurred 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 transaction, the insider owned 631,893 shares of the company’s stock, valued at approximately $9,497,351.79. This represents a 0.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 5,755,780 shares of company stock valued at $87,487,316 in the last quarter. Company insiders own 26.19% of the company’s stock.

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.