AvePoint, Inc. $AVPT Stock Holdings Increased by Stoic Point Capital Management LLC

Stoic Point Capital Management LLC boosted its position in AvePoint, Inc. (NASDAQ:AVPT) by 95.1% in the 1st quarter, HoldingsChannel reports. The firm owned 485,603 shares of the company’s stock after purchasing an additional 236,703 shares during the period. AvePoint makes up about 4.5% of Stoic Point Capital Management LLC’s holdings, making the stock its 4th largest holding. Stoic Point Capital Management LLC’s holdings in AvePoint were worth $4,618,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC purchased a new stake in shares of AvePoint during the fourth quarter worth about $28,000. PNC Financial Services Group Inc. lifted its stake in shares of AvePoint by 933.7% during the first quarter. PNC Financial Services Group Inc. now owns 2,977 shares of the company’s stock valued at $28,000 after buying an additional 2,689 shares during the period. Vestcor Inc purchased a new position in shares of AvePoint during the third quarter valued at approximately $45,000. Kemnay Advisory Services Inc. acquired a new stake in AvePoint during the fourth quarter worth approximately $47,000. Finally, EverSource Wealth Advisors LLC boosted its position in AvePoint by 6,111.6% during the second quarter. EverSource Wealth Advisors LLC now owns 5,342 shares of the company’s stock worth $103,000 after acquiring an additional 5,256 shares during the last quarter. 44.49% of the stock is currently owned by hedge funds and other institutional investors.

AvePoint Price Performance

AvePoint stock opened at $12.91 on Wednesday. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 61.48 and a beta of 1.16. AvePoint, Inc. has a 12 month low of $8.84 and a 12 month high of $19.95. The stock’s 50-day moving average is $11.38 and its 200-day moving average is $10.94.

AvePoint (NASDAQ:AVPT) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). The business 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 anticipate that AvePoint, Inc. will post 0.21 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of AvePoint in a research note on Wednesday, June 24th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $14.00 price objective on shares of AvePoint in a research report on Wednesday, May 13th. DA Davidson reiterated a “buy” rating and issued a $18.00 target price on shares of AvePoint in a research note on Monday, July 6th. Scotiabank decreased their price target on AvePoint from $13.00 to $12.00 and set a “sector outperform” rating on the stock in a research note on Friday, May 8th. Finally, Zacks Research upgraded AvePoint from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, AvePoint currently has an average rating of “Moderate Buy” and a consensus target price of $16.44.

About AvePoint

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.