AvePoint (NASDAQ:AVPT) Now Covered by Analysts at Stephens

Stephens started coverage on shares of AvePoint (NASDAQ:AVPT) in a research report released on Monday, MarketBeat Ratings reports. The firm issued an overweight rating on the stock.

Other analysts have also recently issued reports about the stock. Scotiabank cut their price target on shares of AvePoint from $22.00 to $17.00 and set a “sector outperform” rating on the stock in a report on Friday, November 7th. DA Davidson began coverage on shares of AvePoint in a research report on Monday, September 22nd. They issued a “buy” rating and a $20.00 target price for the company. Wall Street Zen raised shares of AvePoint from a “hold” rating to a “buy” rating in a research report on Sunday, November 9th. Baird R W upgraded AvePoint to a “hold” rating in a research note on Monday, October 27th. Finally, Zacks Research raised AvePoint from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.94.

AvePoint Stock Performance

Shares of AvePoint stock opened at $13.97 on Monday. AvePoint has a 1-year low of $11.49 and a 1-year high of $20.25. The business has a 50-day moving average of $13.51 and a 200-day moving average of $15.59.

AvePoint (NASDAQ:AVPT) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). AvePoint had a return on equity of 0.66% and a net margin of 0.55%.The business had revenue of $109.73 million during the quarter, compared to analyst estimates of $105.72 million. As a group, analysts predict that AvePoint will post -0.03 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Chairman Xunkai Gong sold 18,321 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $13.80, for a total transaction of $252,829.80. Following the completion of the transaction, the chairman owned 15,040,668 shares of the company’s stock, valued at $207,561,218.40. This trade represents a 0.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brian Michael Brown sold 1,848 shares of AvePoint stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $15.03, for a total value of $27,775.44. Following the transaction, the insider directly owned 631,893 shares in the company, valued at approximately $9,497,351.79. The trade was a 0.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 121,848 shares of company stock valued at $1,780,086 over the last 90 days. 26.19% of the stock is currently owned by insiders.

Institutional Trading of AvePoint

A number of hedge funds and other institutional investors have recently made changes to their positions in AVPT. Global Retirement Partners LLC purchased a new position in AvePoint during the 3rd quarter valued at about $26,000. Aster Capital Management DIFC Ltd raised its holdings in AvePoint by 698.8% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 2,069 shares of the company’s stock worth $31,000 after acquiring an additional 1,810 shares during the period. Advisors Asset Management Inc. lifted its position in AvePoint by 68.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,263 shares of the company’s stock worth $44,000 after acquiring an additional 919 shares during the last quarter. Vestcor Inc bought a new stake in AvePoint during the third quarter valued at about $45,000. Finally, Quarry LP boosted its stake in AvePoint by 2,028.3% during the 1st quarter. Quarry LP now owns 3,831 shares of the company’s stock valued at $55,000 after purchasing an additional 3,651 shares during the period. 44.49% of the stock is currently owned by institutional investors.

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.