AvePoint (NASDAQ:AVPT) Hits New 12-Month Low – Time to Sell?

AvePoint, Inc. (NASDAQ:AVPT) shares reached a new 52-week low on Tuesday . The stock traded as low as $9.71 and last traded at $9.8750, with a volume of 154929 shares changing hands. The stock had previously closed at $10.24.

Analyst Upgrades and Downgrades

AVPT has been the topic of several research reports. William Blair reaffirmed a “market perform” rating on shares of AvePoint in a research report on Monday. Citigroup reduced their target price on shares of AvePoint from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Monday, March 2nd. TD Cowen lowered their price target on shares of AvePoint from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Zacks Research downgraded AvePoint from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 9th. Finally, DA Davidson reduced their price objective on AvePoint from $20.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, February 19th. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $17.11.

AvePoint Stock Performance

The firm has a market capitalization of $2.09 billion, a P/E ratio of 60.72 and a beta of 1.12. The stock has a 50 day moving average of $11.15 and a 200-day moving average of $13.10.

AvePoint (NASDAQ:AVPT) last issued its earnings results on Thursday, February 26th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). The business had revenue of $114.69 million for the quarter, compared to the consensus estimate of $110.94 million. AvePoint had a return on equity of 8.19% and a net margin of 8.34%. As a group, sell-side analysts expect that AvePoint, Inc. will post -0.03 EPS for the current year.

Insider Buying and Selling

In related news, Chairman Xunkai Gong sold 32,002 shares of AvePoint stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $13.66, for a total value of $437,147.32. Following the completion of the transaction, the chairman directly owned 14,948,666 shares in the company, valued at approximately $204,198,777.56. The trade was a 0.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 22.66% of the company’s stock.

Hedge Funds Weigh In On AvePoint

Large investors have recently made changes to their positions in the stock. Morgan Stanley grew its position in shares of AvePoint by 372.6% in the fourth quarter. Morgan Stanley now owns 7,871,282 shares of the company’s stock valued at $109,332,000 after purchasing an additional 6,205,829 shares in the last quarter. Invesco Ltd. lifted its holdings in AvePoint by 218.0% during the 2nd quarter. Invesco Ltd. now owns 5,335,882 shares of the company’s stock worth $103,036,000 after purchasing an additional 3,657,692 shares in the last quarter. Parsifal Capital Management LP lifted its holdings in AvePoint by 61.2% during the 3rd quarter. Parsifal Capital Management LP now owns 8,522,740 shares of the company’s stock worth $127,926,000 after purchasing an additional 3,235,384 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in AvePoint by 620.9% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,140,572 shares of the company’s stock worth $29,733,000 after purchasing an additional 1,843,641 shares during the period. Finally, Prudential PLC bought a new position in AvePoint in the 3rd quarter worth about $26,824,000. 44.49% of the stock is owned by institutional investors.

AvePoint Company 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.