Brian Michael Brown Sells 60,000 Shares of AvePoint (NASDAQ:AVPT) Stock

AvePoint, Inc. (NASDAQ:AVPT) insider Brian Michael Brown sold 60,000 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $14.20, for a total transaction of $852,000.00. Following the transaction, the insider owned 384,604 shares in the company, valued at approximately $5,461,376.80. The trade was a 13.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 Monday, August 24th, Brian Michael Brown sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $13.30, for a total transaction of $133,000.00.
• On Wednesday, July 29th, Brian Michael Brown sold 5,176 shares of AvePoint stock. The shares were sold at an average price of $13.06, for a total transaction of $67,598.56.
• On Tuesday, July 28th, Brian Michael Brown sold 4,824 shares of AvePoint stock. The shares were sold at an average price of $13.08, for a total value of $63,097.92.

AvePoint Trading Down 2.1%

Shares of AVPT stock opened at $14.00 on Friday. The stock has a market cap of $2.96 billion, a P/E ratio of 43.75 and a beta of 1.16. AvePoint, Inc. has a 1 year low of $8.84 and a 1 year high of $16.77. The stock has a 50 day simple moving average of $12.58 and a 200 day simple moving average of $11.10.

AvePoint (NASDAQ:AVPT) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. The firm had revenue of $124.50 million for the quarter, compared to analyst estimates of $121.38 million. AvePoint had a return on equity of 15.97% and a net margin of 15.33%. Analysts forecast that AvePoint, Inc. will post 0.25 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on AVPT shares. DA Davidson reaffirmed a “buy” rating and set a $18.00 price objective on shares of AvePoint in a research report on Monday, July 6th. TD Cowen raised their target price on shares of AvePoint from $14.00 to $15.00 and gave the company a “buy” rating in a report on Friday, August 7th. Citigroup restated a “neutral” rating on shares of AvePoint in a research report on Wednesday, August 12th. Scotiabank upped their price target on shares of AvePoint from $12.00 to $15.00 and gave the stock a “sector outperform” rating in a report on Friday, August 7th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $14.00 price target on shares of AvePoint in a research report on Wednesday, May 13th. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, AvePoint has a consensus rating of “Moderate Buy” and a consensus target price of $16.44.

Institutional Trading of AvePoint

Institutional investors and hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. grew its position in 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 acquiring an additional 2,689 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of AvePoint in the 4th quarter valued at approximately $28,000. GAMMA Investing LLC grew its holdings in shares of 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. Vestcor Inc bought a new stake in shares of AvePoint during the 3rd quarter valued at approximately $45,000. Finally, Kemnay Advisory Services Inc. acquired a new position in AvePoint during the 4th quarter worth approximately $47,000. 44.49% of the stock is currently owned by institutional investors.

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.