SG Americas Securities LLC Boosts Holdings in AvePoint, Inc. $AVPT

SG Americas Securities LLC grew its position in shares of AvePoint, Inc. (NASDAQ:AVPT) by 827.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 84,281 shares of the company’s stock after buying an additional 75,194 shares during the quarter. SG Americas Securities LLC’s holdings in AvePoint were worth $1,265,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Invesco Ltd. increased its stake in shares of AvePoint by 218.0% during the second quarter. Invesco Ltd. now owns 5,335,882 shares of the company’s stock worth $103,036,000 after acquiring an additional 3,657,692 shares during the period. Geode Capital Management LLC boosted its holdings in AvePoint by 6.1% in the 2nd quarter. Geode Capital Management LLC now owns 3,122,598 shares of the company’s stock valued at $60,304,000 after purchasing an additional 179,694 shares in the last quarter. Jennison Associates LLC increased its position in AvePoint by 37.0% during the 2nd quarter. Jennison Associates LLC now owns 2,908,473 shares of the company’s stock worth $56,163,000 after purchasing an additional 786,016 shares during the period. Franklin Resources Inc. raised its stake in shares of AvePoint by 72.2% during the 2nd quarter. Franklin Resources Inc. now owns 2,130,124 shares of the company’s stock worth $41,133,000 after buying an additional 893,384 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of 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 buying an additional 19,476 shares during the period. Institutional investors and hedge funds own 44.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AVPT. Wall Street Zen raised AvePoint from a “hold” rating to a “buy” rating in a report on Sunday, November 9th. Stephens began coverage on shares of AvePoint in a research report on Monday, December 29th. They set an “overweight” rating and a $18.00 target price on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of AvePoint in a report on Monday, December 29th. DA Davidson started coverage on shares of AvePoint in a research note on Monday, September 22nd. They issued a “buy” rating and a $20.00 price objective for the company. Finally, Evercore ISI lowered their target price on shares of AvePoint from $22.00 to $18.00 and set an “outperform” rating on the stock in a research report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, AvePoint has an average rating of “Moderate Buy” and a consensus price target of $18.66.

AvePoint Trading Down 2.8%

AvePoint stock opened at $12.68 on Friday. AvePoint, Inc. has a 52 week low of $11.49 and a 52 week high of $20.25. The firm’s 50-day simple moving average is $13.34 and its 200 day simple moving average is $15.15.

AvePoint (NASDAQ:AVPT) last posted 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 net margin of 0.55% and a return on equity of 0.66%. The business had revenue of $109.73 million for the quarter, compared to analysts’ expectations of $105.72 million. As a group, sell-side analysts predict that AvePoint, Inc. will post -0.03 EPS for the current fiscal year.

Insider Buying and Selling

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 transaction of $27,775.44. Following the completion of the transaction, the insider owned 631,893 shares of the company’s stock, valued at approximately $9,497,351.79. This trade represents a 0.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Xunkai Gong sold 27,998 shares of the company’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $13.39, for a total value of $374,893.22. Following the completion of the sale, the chairman owned 14,920,668 shares in the company, valued at $199,787,744.52. This represents a 0.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 121,848 shares of company stock worth $1,674,485. 26.19% of the stock is owned by corporate insiders.

AvePoint Profile

AvePoint, Inc (NASDAQ:AVPT) is a leading software provider specializing in data management, governance, and compliance solutions for Microsoft 365 and related cloud platforms. Founded in 2001 and headquartered in Jersey City, New Jersey, the company offers a comprehensive suite of cloud-based and on-premises tools designed to help organizations migrate, manage, and protect their collaboration data. AvePoint’s flagship Cloud Platform delivers backup, governance, reporting, and migration services for SharePoint, Teams, Exchange, OneDrive, and Salesforce environments.

With a customer base spanning thousands of organizations across more than 100 countries, AvePoint serves enterprises, government agencies, and educational institutions seeking to ensure data security, regulatory compliance, and operational resilience.