AvePoint (NASDAQ:AVPT) Insider Sells $133,000.00 in Stock

AvePoint, Inc. (NASDAQ:AVPT) insider Brian Michael Brown sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $13.30, for a total value of $133,000.00. Following the completion of the sale, the insider directly owned 444,604 shares of the company’s stock, valued at $5,913,233.20. The trade was a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 Thursday, August 27th, Brian Michael Brown sold 60,000 shares of AvePoint stock. The stock was sold at an average price of $14.20, for a total transaction of $852,000.00.
• 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 transaction of $67,598.56.
• On Tuesday, July 28th, Brian Michael Brown sold 4,824 shares of AvePoint stock. The shares were sold at an average price of $13.08, for a total value of $63,097.92.

AvePoint Stock Down 2.1%

Shares of AvePoint stock opened at $14.00 on Friday. The company has a market capitalization of $2.96 billion, a PE ratio of 43.75 and a beta of 1.16. AvePoint, Inc. has a 52 week low of $8.84 and a 52 week high of $16.77. The stock’s fifty day moving average is $12.58 and its two-hundred day moving average is $11.10.

AvePoint (NASDAQ:AVPT) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.12 EPS for the quarter, topping the consensus estimate 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 net margin of 15.33% and a return on equity of 15.97%. As a group, research analysts anticipate that AvePoint, Inc. will post 0.25 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on AVPT shares. TD Cowen raised their price objective on AvePoint from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Friday, August 7th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $14.00 target price on shares of AvePoint in a report on Wednesday, May 13th. Weiss Ratings raised AvePoint from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Evercore restated an “outperform” rating and set a $16.00 price target on shares of AvePoint in a research note on Friday, August 7th. Finally, Scotiabank lifted their price objective on AvePoint from $12.00 to $15.00 and gave the company a “sector outperform” rating in a report on Friday, August 7th. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $16.44.

Institutional Trading of AvePoint

Institutional investors have recently modified their holdings of the company. AQR Capital Management LLC lifted its position in AvePoint by 118.5% during the first quarter. AQR Capital Management LLC now owns 323,055 shares of the company’s stock valued at $4,665,000 after acquiring an additional 175,194 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of AvePoint by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,639 shares of the company’s stock worth $1,107,000 after purchasing an additional 3,340 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of AvePoint during the first quarter worth $276,000. Goldman Sachs Group Inc. lifted its holdings in shares of AvePoint by 11.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 759,647 shares of the company’s stock valued at $10,969,000 after purchasing an additional 76,403 shares during the last quarter. Finally, Focus Partners Wealth purchased a new stake in shares of AvePoint during the 1st quarter valued at $737,000. 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.