AvePoint (NASDAQ:AVPT) Insider Brian Michael Brown Sells 4,824 Shares of Stock

AvePoint, Inc. (NASDAQ:AVPT) insider Brian Michael Brown sold 4,824 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $13.08, for a total value of $63,097.92. Following the completion of the transaction, the insider owned 814,840 shares of the company’s stock, valued at $10,658,107.20. The trade was a 0.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Brian Michael Brown also recently made the following trade(s):

• 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 value of $67,598.56.

AvePoint Price Performance

AVPT opened at $12.82 on Friday. AvePoint, Inc. has a fifty-two week low of $8.84 and a fifty-two week high of $19.95. The firm’s fifty day moving average price is $11.48 and its two-hundred day moving average price is $10.93. The company has a market capitalization of $2.72 billion, a P/E ratio of 61.05 and a beta of 1.16.

AvePoint (NASDAQ:AVPT) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). AvePoint had a net margin of 10.55% and a return on equity of 10.52%. The business had revenue of $117.24 million during the quarter, compared to the consensus estimate of $116.43 million. On average, equities research analysts expect that AvePoint, Inc. will post 0.21 EPS for the current fiscal year.

Institutional Investors Weigh In On AvePoint

Several large investors have recently made changes to their positions in AVPT. Handelsbanken Fonder AB increased its position in shares of AvePoint by 43.4% during the 2nd quarter. Handelsbanken Fonder AB now owns 44,300 shares of the company’s stock worth $497,000 after purchasing an additional 13,400 shares in the last quarter. GAMMA Investing LLC lifted its holdings in AvePoint by 26.6% during the 2nd quarter. GAMMA Investing LLC now owns 3,814 shares of the company’s stock valued at $43,000 after purchasing an additional 802 shares during the last quarter. Versant Capital Management Inc boosted its position in AvePoint by 26.8% in the second quarter. Versant Capital Management Inc now owns 8,044 shares of the company’s stock valued at $90,000 after buying an additional 1,701 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of AvePoint by 25.8% during the first quarter. Pacer Advisors Inc. now owns 26,892 shares of the company’s stock worth $256,000 after buying an additional 5,511 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of AvePoint by 185.8% in the first quarter. Bank of America Corp DE now owns 1,253,662 shares of the company’s stock valued at $11,922,000 after acquiring an additional 815,074 shares during the last quarter. Institutional investors own 44.49% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AVPT. Zacks Research raised shares of AvePoint from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 10th. 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. DA Davidson reissued a “buy” rating and issued a $18.00 target price on shares of AvePoint in a report on Monday, July 6th. Weiss Ratings restated a “hold (c-)” rating on shares of AvePoint in a research report on Wednesday, June 24th. Finally, Scotiabank cut their target price on AvePoint from $13.00 to $12.00 and set a “sector outperform” rating for the company in a research report on Friday, May 8th. 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.44.

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.