AvePoint (NASDAQ:AVPT) Issues Earnings Results, Misses Estimates By $0.02 EPS

AvePoint (NASDAQ:AVPT) issued its quarterly earnings data on Thursday. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.02), FiscalAI reports. The company had revenue of $114.69 million during the quarter, compared to the consensus estimate of $110.94 million. AvePoint had a net margin of 0.55% and a return on equity of 0.66%.

AvePoint Stock Performance

NASDAQ:AVPT traded up $0.15 on Thursday, reaching $10.38. 2,464,068 shares of the stock traded hands, compared to its average volume of 2,088,827. The company’s 50 day moving average is $12.27 and its 200-day moving average is $13.72. AvePoint has a 1-year low of $9.85 and a 1-year high of $20.25.

Insiders Place Their Bets

In related news, Chairman Xunkai Gong sold 32,002 shares of AvePoint stock in a transaction on Monday, January 12th. The shares were sold at an average price of $13.66, for a total transaction of $437,147.32. Following the completion of the transaction, the chairman owned 14,948,666 shares of the company’s stock, valued at $204,198,777.56. This trade represents a 0.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 26.19% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC bought a new stake in shares of AvePoint during the 4th quarter valued at about $28,000. Vestcor Inc acquired a new stake in shares of AvePoint during the 3rd quarter worth approximately $45,000. Kemnay Advisory Services Inc. acquired a new stake in shares of AvePoint during the 4th quarter worth approximately $47,000. EverSource Wealth Advisors LLC increased its stake in shares of AvePoint by 6,111.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,342 shares of the company’s stock valued at $103,000 after acquiring an additional 5,256 shares in the last quarter. Finally, US Bancorp DE lifted its position in shares of AvePoint by 11.2% during the 3rd quarter. US Bancorp DE now owns 7,962 shares of the company’s stock valued at $120,000 after acquiring an additional 800 shares during the period. 44.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AVPT has been the subject of a number of research reports. Evercore dropped their price target on AvePoint from $22.00 to $18.00 and set an “outperform” rating for the company in a research note on Friday, November 7th. Stephens assumed coverage on AvePoint in a report on Monday, December 29th. They issued an “overweight” rating and a $18.00 target price for the company. B. Riley Financial dropped their target price on AvePoint from $25.00 to $22.00 and set a “buy” rating for the company in a research report on Monday, February 2nd. Cantor Fitzgerald reduced their price target on AvePoint from $22.50 to $18.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of AvePoint in a report on Monday, December 29th. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.66.

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.