5,314 Shares in AvePoint, Inc. $AVPT Acquired by RiverPark Advisors LLC

RiverPark Advisors LLC purchased a new stake in shares of AvePoint, Inc. (NASDAQ:AVPT) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 5,314 shares of the company’s stock, valued at approximately $103,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AVPT. Wellington Management Group LLP raised its position in shares of AvePoint by 5.3% in the first quarter. Wellington Management Group LLP now owns 6,770,712 shares of the company’s stock valued at $97,769,000 after purchasing an additional 340,509 shares during the period. Parsifal Capital Management LP lifted its position in AvePoint by 130.3% during the first quarter. Parsifal Capital Management LP now owns 5,080,742 shares of the company’s stock worth $73,366,000 after acquiring an additional 2,874,842 shares during the last quarter. Geode Capital Management LLC lifted its position in AvePoint by 6.1% during the second quarter. Geode Capital Management LLC now owns 3,122,598 shares of the company’s stock worth $60,304,000 after acquiring an additional 179,694 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of AvePoint by 37.0% during the second quarter. Jennison Associates LLC now owns 2,908,473 shares of the company’s stock worth $56,163,000 after acquiring an additional 786,016 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of AvePoint by 72.2% during the second quarter. Franklin Resources Inc. now owns 2,130,124 shares of the company’s stock worth $41,133,000 after acquiring an additional 893,384 shares during the period. 44.49% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Brian Michael Brown sold 1,848 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The shares were 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 in the company, valued at approximately $9,497,351.79. The trade was a 0.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Xunkai Gong sold 18,321 shares of the stock in a transaction 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. This trade represents a 0.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 5,720,780 shares of company stock valued at $86,945,866 in the last ninety days. 26.19% of the stock is currently owned by insiders.

AvePoint Trading Up 2.8%

Shares of NASDAQ:AVPT opened at $12.95 on Wednesday. AvePoint, Inc. has a 52-week low of $11.49 and a 52-week high of $20.25. The company has a fifty day moving average of $14.27 and a 200-day moving average of $16.54.

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AVPT. DA Davidson began coverage on AvePoint in a research report on Monday, September 22nd. They set a “buy” rating and a $20.00 price objective on the stock. Zacks Research raised shares of AvePoint from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. Wall Street Zen raised shares of AvePoint from a “hold” rating to a “buy” rating in a report on Sunday, November 9th. B. Riley began coverage on AvePoint in a research note on Tuesday, August 26th. They issued a “buy” rating and a $25.00 price target for the company. Finally, Morgan Stanley set a $18.30 price target on AvePoint in a research report on Monday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.03.

AvePoint Profile

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.