Quantbot Technologies LP Lowers Position in AvePoint, Inc. $AVPT

Quantbot Technologies LP decreased its position in shares of AvePoint, Inc. (NASDAQ:AVPT) by 28.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 219,019 shares of the company’s stock after selling 88,007 shares during the quarter. Quantbot Technologies LP owned 0.10% of AvePoint worth $3,287,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Global Retirement Partners LLC acquired a new stake in AvePoint during the third quarter valued at $26,000. Aster Capital Management DIFC Ltd boosted its stake in shares of AvePoint by 698.8% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 2,069 shares of the company’s stock worth $31,000 after acquiring an additional 1,810 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of AvePoint by 68.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,263 shares of the company’s stock valued at $44,000 after acquiring an additional 919 shares during the period. RiverPark Advisors LLC purchased a new position in shares of AvePoint in the 2nd quarter valued at about $103,000. Finally, 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 purchasing an additional 5,256 shares in the last quarter. 44.49% of the stock is currently owned by institutional investors and hedge funds.

AvePoint Stock Performance

Shares of AVPT opened at $10.51 on Tuesday. The stock has a 50 day moving average price of $12.07 and a 200 day moving average price of $13.62. AvePoint, Inc. has a one year low of $9.85 and a one year high of $20.25. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 65.69 and a beta of 1.12.

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

Insider Activity

In related news, Chairman Xunkai Gong sold 27,998 shares of the stock in a transaction that occurred on Tuesday, January 13th. The stock was 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 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 26.19% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on AVPT shares. Cantor Fitzgerald lowered their price target on AvePoint from $18.00 to $15.00 and set an “overweight” rating on the stock in a research report on Friday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AvePoint in a research note on Monday, December 29th. Stephens began coverage on AvePoint in a research report on Monday, December 29th. They set an “overweight” rating and a $18.00 target price on the stock. DA Davidson cut their price target on shares of AvePoint from $20.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, February 19th. Finally, TD Cowen reduced their price objective on shares of AvePoint from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Friday. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.11.

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.