JPMorgan Chase & Co. Has $20.85 Million Position in AvePoint, Inc. $AVPT

JPMorgan Chase & Co. lifted its holdings in AvePoint, Inc. (NASDAQ:AVPT) by 166.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,389,205 shares of the company’s stock after acquiring an additional 867,998 shares during the period. JPMorgan Chase & Co.’s holdings in AvePoint were worth $20,852,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. AQR Capital Management LLC boosted its position in shares of AvePoint by 118.5% during the 1st quarter. AQR Capital Management LLC now owns 323,055 shares of the company’s stock valued at $4,665,000 after purchasing an additional 175,194 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in AvePoint by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,639 shares of the company’s stock worth $1,107,000 after purchasing an additional 3,340 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in AvePoint in the first quarter valued at approximately $276,000. Goldman Sachs Group Inc. lifted its stake in AvePoint by 11.2% in the first 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. Finally, Focus Partners Wealth bought a new position in shares of AvePoint during the 1st quarter worth approximately $737,000. 44.49% of the stock is owned by institutional investors and hedge funds.

AvePoint Stock Performance

Shares of AvePoint stock opened at $9.61 on Wednesday. AvePoint, Inc. has a 52 week low of $9.59 and a 52 week high of $20.25. The stock has a 50 day moving average price of $11.07 and a two-hundred day moving average price of $13.05. The stock has a market capitalization of $2.07 billion, a PE ratio of 60.07 and a beta of 1.12.

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). AvePoint had a return on equity of 8.19% and a net margin of 8.34%.The firm had revenue of $114.69 million for the quarter, compared to analyst estimates of $110.94 million. Research analysts forecast that AvePoint, Inc. will post -0.03 EPS for the current year.

Insider Buying and Selling

In other AvePoint news, Chairman Xunkai Gong sold 27,998 shares of the firm’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 transaction, the chairman directly owned 14,920,668 shares of the company’s stock, valued at approximately $199,787,744.52. This trade represents a 0.19% decrease in their ownership of the stock. 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.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Cantor Fitzgerald reduced their price objective on shares of AvePoint from $18.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. B. Riley Financial dropped their target price on shares of AvePoint from $25.00 to $22.00 and set a “buy” rating on the stock in a research report on Monday, February 2nd. Stephens initiated coverage on shares of AvePoint in a research note on Monday, December 29th. They set an “overweight” rating and a $18.00 target price on the stock. TD Cowen reduced their price target on shares of AvePoint from $17.00 to $16.00 and set a “buy” rating for the company in a report on Friday, February 27th. Finally, DA Davidson decreased their price target on shares of AvePoint from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, February 19th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.11.

About AvePoint

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.