Insider Selling: AvePoint (NASDAQ:AVPT) Insider Sells 5,176 Shares

AvePoint, Inc. (NASDAQ:AVPT) insider Brian Michael Brown sold 5,176 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $13.06, for a total value of $67,598.56. Following the completion of the transaction, the insider directly owned 809,664 shares in the company, valued at approximately $10,574,211.84. The trade was a 0.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 Tuesday, July 28th, Brian Michael Brown sold 4,824 shares of AvePoint stock. The stock was sold at an average price of $13.08, for a total value of $63,097.92.

AvePoint Stock Down 1.5%

NASDAQ:AVPT traded down $0.20 during midday trading on Thursday, reaching $12.82. The stock had a trading volume of 2,073,397 shares, compared to its average volume of 2,104,448. The stock has a market cap of $2.72 billion, a P/E ratio of 61.05 and a beta of 1.16. The firm has a fifty day simple moving average of $11.43 and a two-hundred day simple moving average of $10.93. AvePoint, Inc. has a 12-month low of $8.84 and a 12-month high of $19.95.

AvePoint (NASDAQ:AVPT) last released its 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 firm had revenue of $117.24 million during the quarter, compared to analyst estimates of $116.43 million. AvePoint had a return on equity of 10.52% and a net margin of 10.55%. On average, sell-side analysts anticipate that AvePoint, Inc. will post 0.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

AVPT has been the topic of several recent analyst reports. Scotiabank dropped their target price on AvePoint from $13.00 to $12.00 and set a “sector outperform” rating on the stock 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 report on Monday, July 6th. Weiss Ratings restated a “hold (c-)” rating on shares of AvePoint in a research report on Wednesday, June 24th. Zacks Research raised shares of AvePoint from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $14.00 price objective on shares of AvePoint in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, AvePoint currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.44.

Hedge Funds Weigh In On AvePoint

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its holdings in shares of AvePoint by 933.7% in the first quarter. PNC Financial Services Group Inc. now owns 2,977 shares of the company’s stock valued at $28,000 after purchasing an additional 2,689 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of AvePoint during the 4th quarter worth approximately $28,000. GAMMA Investing LLC raised its position in shares of AvePoint by 26.6% during the 2nd quarter. GAMMA Investing LLC now owns 3,814 shares of the company’s stock worth $43,000 after purchasing an additional 802 shares during the last quarter. Vestcor Inc purchased a new stake in AvePoint in the 3rd quarter valued at approximately $45,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in AvePoint during the 4th quarter valued at $47,000. Institutional investors and hedge funds own 44.49% of the company’s stock.

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.