Brian Michael Brown Sells 10,000 Shares of AvePoint (NASDAQ:AVPT) Stock

AvePoint, Inc. (NASDAQ:AVPT) insider Brian Michael Brown sold 10,000 shares of AvePoint stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $13.30, for a total transaction of $133,000.00. Following the sale, the insider owned 444,604 shares of the company’s stock, valued at approximately $5,913,233.20. The trade was a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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.
• On Tuesday, July 28th, Brian Michael Brown sold 4,824 shares of AvePoint stock. The stock was sold at an average price of $13.08, for a total value of $63,097.92.

AvePoint Price Performance

NASDAQ AVPT opened at $14.30 on Friday. AvePoint, Inc. has a 1-year low of $8.84 and a 1-year high of $16.77. The company has a market capitalization of $3.03 billion, a P/E ratio of 44.69 and a beta of 1.16. The business has a 50 day moving average price of $12.51 and a 200 day moving average price of $11.08.

AvePoint (NASDAQ:AVPT) last posted its earnings results on Thursday, August 6th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. The company had revenue of $124.50 million for the quarter, compared to the consensus estimate of $121.38 million. AvePoint had a return on equity of 15.97% and a net margin of 15.33%. On average, research analysts expect that AvePoint, Inc. will post 0.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AvePoint

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Corient Private Wealth LP purchased a new position in shares of AvePoint in the 2nd quarter worth about $240,000. California State Teachers Retirement System grew its holdings in shares of AvePoint by 994.0% during the 2nd quarter. California State Teachers Retirement System now owns 2,032,037 shares of the company’s stock worth $22,779,000 after purchasing an additional 1,846,288 shares during the period. Odyssean LLC increased its position in AvePoint by 106.2% during the 2nd quarter. Odyssean LLC now owns 273,488 shares of the company’s stock worth $3,066,000 after purchasing an additional 140,867 shares in the last quarter. AXQ Capital LP acquired a new stake in AvePoint during the 2nd quarter worth approximately $184,000. Finally, Greenleaf Trust acquired a new stake in AvePoint during the 2nd quarter worth approximately $122,000. 44.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AVPT has been the subject of a number of analyst reports. The Goldman Sachs Group reissued a “neutral” rating and issued a $14.00 price objective on shares of AvePoint in a research report on Wednesday, May 13th. Zacks Research lowered shares of AvePoint from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. DA Davidson reaffirmed a “buy” rating and issued a $18.00 target price on shares of AvePoint in a research note on Monday, July 6th. Wall Street Zen downgraded AvePoint from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Citigroup reissued a “neutral” rating on shares of AvePoint in a research note on Wednesday, August 12th. Ten analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $16.44.

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.