AvePoint (NASDAQ:AVPT) Sets New 12-Month Low – Here’s What Happened

AvePoint, Inc. (NASDAQ:AVPT) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $9.97 and last traded at $10.1190, with a volume of 116344 shares trading hands. The stock had previously closed at $10.50.

Analysts Set New Price Targets

A number of analysts have recently commented on AVPT shares. B. Riley Financial dropped their price target on AvePoint from $25.00 to $22.00 and set a “buy” rating on the stock in a research report on Monday, February 2nd. Zacks Research downgraded AvePoint from a “strong-buy” rating to a “hold” rating in a report on Friday, January 9th. DA Davidson reduced their price target on AvePoint from $20.00 to $18.00 and set a “buy” rating for the company in a report on Thursday. Cantor Fitzgerald dropped their price target on shares of AvePoint from $22.50 to $18.00 and set an “overweight” rating on the stock in a research note on Friday, November 7th. Finally, Scotiabank reduced their price objective on shares of AvePoint from $22.00 to $17.00 and set a “sector outperform” rating for the company in a research note on Friday, November 7th. Ten equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $18.21.

AvePoint Stock Down 4.3%

The stock has a 50 day moving average price of $12.48 and a 200-day moving average price of $13.83.

Insider Activity

In other AvePoint news, Chairman Xunkai Gong sold 27,998 shares of the business’s stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $13.39, for a total transaction of $374,893.22. Following the completion of the sale, the chairman directly owned 14,920,668 shares in the company, valued at $199,787,744.52. The trade was a 0.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 26.19% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AVPT. Global Retirement Partners LLC bought a new position in AvePoint in the 3rd quarter worth $26,000. Kestra Advisory Services LLC purchased a new stake in AvePoint in the fourth quarter worth about $28,000. Aster Capital Management DIFC Ltd raised its stake in shares of AvePoint by 698.8% in the third quarter. Aster Capital Management DIFC Ltd now owns 2,069 shares of the company’s stock worth $31,000 after buying an additional 1,810 shares during the period. Advisors Asset Management Inc. lifted 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 buying an additional 919 shares in the last quarter. Finally, Vestcor Inc bought a new position in shares of AvePoint during the 3rd quarter valued at approximately $45,000. 44.49% of the stock is currently owned by institutional investors.

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.