Y Intercept Hong Kong Ltd Buys Shares of 103,048 AvePoint, Inc. $AVPT

Y Intercept Hong Kong Ltd purchased a new position in AvePoint, Inc. (NASDAQ:AVPT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 103,048 shares of the company’s stock, valued at approximately $1,547,000.

A number of other large investors also recently modified their holdings of the business. Global Retirement Partners LLC bought a new position in AvePoint in the 3rd quarter valued at about $26,000. Advisors Asset Management Inc. lifted its stake in shares of AvePoint by 68.4% in 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 period. RiverPark Advisors LLC bought a new position in shares of AvePoint in the second quarter valued at approximately $103,000. EverSource Wealth Advisors LLC increased its stake in shares of AvePoint by 6,111.6% during the second quarter. EverSource Wealth Advisors LLC now owns 5,342 shares of the company’s stock valued at $103,000 after acquiring an additional 5,256 shares during the period. Finally, State of Alaska Department of Revenue bought a new stake in AvePoint during the third quarter worth approximately $155,000. 44.49% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at AvePoint

In other news, Chairman Xunkai Gong sold 27,998 shares of the stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $13.39, for a total value of $374,893.22. Following the completion of the sale, the chairman owned 14,920,668 shares in the company, valued at $199,787,744.52. This represents a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders have sold 120,000 shares of company stock worth $1,646,709. 26.19% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on AVPT. Wall Street Zen raised AvePoint from a “hold” rating to a “buy” rating in a research note on Sunday, November 9th. Cantor Fitzgerald lowered their target price on AvePoint from $22.50 to $18.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Citigroup cut their price target on shares of AvePoint from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, January 13th. Zacks Research lowered shares of AvePoint from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 9th. Finally, Evercore ISI lowered their price objective on shares of AvePoint from $22.00 to $18.00 and set an “outperform” rating on the stock in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, AvePoint has a consensus rating of “Moderate Buy” and a consensus price target of $18.66.

AvePoint Trading Down 2.4%

NASDAQ:AVPT opened at $11.63 on Friday. The stock has a fifty day simple moving average of $13.24 and a 200 day simple moving average of $14.72. AvePoint, Inc. has a 1-year low of $11.49 and a 1-year high of $20.25.

AvePoint (NASDAQ:AVPT) last announced its 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 firm had revenue of $109.73 million during the quarter, compared to analyst estimates of $105.72 million. Sell-side analysts anticipate that AvePoint, Inc. will post -0.03 EPS for the current year.

AvePoint 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.