AvePoint (NASDAQ:AVPT) Insider Sells $63,097.92 in Stock

AvePoint, Inc. (NASDAQ:AVPT) insider Brian Michael Brown sold 4,824 shares of the firm’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $13.08, for a total value of $63,097.92. Following the transaction, the insider owned 814,840 shares in the company, valued at approximately $10,658,107.20. This trade represents a 0.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Brian Michael Brown also recently made the following trade(s):

• On Wednesday, July 29th, Brian Michael Brown sold 5,176 shares of AvePoint stock. The stock was sold at an average price of $13.06, for a total value of $67,598.56.

AvePoint Price Performance

NASDAQ AVPT opened at $13.03 on Friday. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 62.05 and a beta of 1.16. AvePoint, Inc. has a one year low of $8.84 and a one year high of $19.95. The business’s fifty day moving average is $11.54 and its 200-day moving average is $10.94.

AvePoint (NASDAQ:AVPT) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). The firm had revenue of $117.24 million during the quarter, compared to analysts’ expectations of $116.43 million. AvePoint had a net margin of 10.55% and a return on equity of 10.52%. Research analysts expect that AvePoint, Inc. will post 0.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AVPT has been the topic of a number of analyst reports. The Goldman Sachs Group reiterated a “neutral” rating and set a $14.00 price objective on shares of AvePoint in a research note on Wednesday, May 13th. DA Davidson restated a “buy” rating and set a $18.00 price objective on shares of AvePoint in a research report on Monday, July 6th. Weiss Ratings restated a “hold (c-)” rating on shares of AvePoint in a research report on Wednesday, June 24th. Zacks Research raised shares of AvePoint from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th. Finally, Scotiabank lowered their price objective on AvePoint from $13.00 to $12.00 and set a “sector outperform” rating for the company in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, AvePoint currently has a consensus rating of “Moderate Buy” and an average target price of $16.44.

Hedge Funds Weigh In On AvePoint

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE lifted its position in 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. GAMMA Investing LLC lifted its position in AvePoint by 26.6% in the 2nd quarter. GAMMA Investing LLC now owns 3,814 shares of the company’s stock valued at $43,000 after acquiring an additional 802 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of AvePoint by 1.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,586 shares of the company’s stock valued at $786,000 after purchasing an additional 1,016 shares in the last quarter. Blair William & Co. IL lifted its stake in AvePoint by 8.3% during the 4th quarter. Blair William & Co. IL now owns 13,700 shares of the company’s stock valued at $190,000 after acquiring an additional 1,050 shares during the period. Finally, Xponance LLC lifted its position in AvePoint by 11.5% during the fourth quarter. Xponance LLC now owns 11,522 shares of the company’s stock valued at $160,000 after purchasing an additional 1,188 shares during the period. Hedge funds and other institutional investors own 44.49% of the company’s stock.

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.