Y Intercept Hong Kong Ltd Buys 105,471 Shares of AvePoint, Inc. $AVPT

Y Intercept Hong Kong Ltd increased its stake in shares of AvePoint, Inc. (NASDAQ:AVPT) by 83.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 232,250 shares of the company’s stock after purchasing an additional 105,471 shares during the period. Y Intercept Hong Kong Ltd’s holdings in AvePoint were worth $2,209,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AVPT. Vanguard Group Inc. grew its position in AvePoint by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 17,404,543 shares of the company’s stock worth $241,749,000 after purchasing an additional 195,404 shares during the period. Parsifal Capital Management LP boosted its stake in shares of AvePoint by 61.2% in the 3rd quarter. Parsifal Capital Management LP now owns 8,522,740 shares of the company’s stock worth $127,926,000 after buying an additional 3,235,384 shares during the last quarter. Morgan Stanley grew its holdings in shares of AvePoint by 372.6% in the fourth quarter. Morgan Stanley now owns 7,871,282 shares of the company’s stock worth $109,332,000 after acquiring an additional 6,205,829 shares during the period. Jennison Associates LLC grew its holdings in shares of AvePoint by 11.1% in the fourth quarter. Jennison Associates LLC now owns 4,173,280 shares of the company’s stock worth $57,967,000 after acquiring an additional 417,625 shares during the period. Finally, Geode Capital Management LLC increased its position in AvePoint by 6.9% during the fourth quarter. Geode Capital Management LLC now owns 3,643,473 shares of the company’s stock valued at $50,614,000 after acquiring an additional 234,080 shares during the last quarter. Institutional investors own 44.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AVPT. Weiss Ratings reissued a “hold (c-)” rating on shares of AvePoint in a report on Wednesday, June 24th. Scotiabank reduced their price target on shares of AvePoint from $13.00 to $12.00 and set a “sector outperform” rating for the company in a research report on Friday, May 8th. DA Davidson reiterated a “buy” rating and issued a $18.00 price objective on shares of AvePoint in a research note on Monday. The Goldman Sachs Group restated a “neutral” rating and set a $14.00 target price on shares of AvePoint in a research report on Wednesday, May 13th. Finally, William Blair reaffirmed a “market perform” rating on shares of AvePoint in a report on Monday, March 23rd. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $16.44.

AvePoint Stock Performance

NASDAQ:AVPT opened at $12.48 on Thursday. The stock has a 50-day simple moving average of $10.66 and a two-hundred day simple moving average of $11.04. The firm has a market capitalization of $2.65 billion, a PE ratio of 59.43 and a beta of 1.16. AvePoint, Inc. has a 52-week low of $8.84 and a 52-week high of $19.95.

AvePoint (NASDAQ:AVPT) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The company had revenue of $117.24 million for 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%. Equities analysts forecast that AvePoint, Inc. will post 0.21 earnings per share for the current fiscal year.

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.