AvePoint (NASDAQ:AVPT) Insider Sells $437,744.10 in Stock

AvePoint, Inc. (NASDAQ:AVPT) insider Brian Brown sold 28,894 shares of the stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $15.15, for a total transaction of $437,744.10. Following the completion of the sale, the insider directly owned 335,710 shares of the company’s stock, valued at approximately $5,086,006.50. This trade represents a 7.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 Wednesday, September 30th, Brian Brown sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $14.11, for a total transaction of $141,100.00.
• On Wednesday, September 23rd, Brian Brown sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $13.07, for a total value of $130,700.00.
• On Thursday, August 27th, Brian Brown sold 60,000 shares of AvePoint stock. The stock was sold at an average price of $14.20, for a total value of $852,000.00.
• On Monday, August 24th, Brian Brown sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $13.30, for a total value of $133,000.00.
• On Wednesday, July 29th, Brian Brown sold 5,176 shares of AvePoint stock. The shares were sold at an average price of $13.06, for a total value of $67,598.56.
• On Tuesday, July 28th, Brian 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 Stock Performance

Shares of NASDAQ AVPT traded up $0.13 during mid-day trading on Thursday, reaching $14.41. 2,290,425 shares of the company’s stock were exchanged, compared to its average volume of 2,088,459. The company’s 50-day moving average is $13.42 and its 200-day moving average is $11.68. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 45.03 and a beta of 1.17. AvePoint, Inc. has a 52-week low of $8.84 and a 52-week high of $15.48.

AvePoint (NASDAQ:AVPT) last posted its earnings results on Thursday, August 6th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.04. AvePoint had a net margin of 15.33% and a return on equity of 15.97%. The company had revenue of $124.50 million for the quarter, compared to analysts’ expectations of $121.38 million. As a group, equities analysts predict that AvePoint, Inc. will post 0.25 earnings per share for the current fiscal year.

Key AvePoint News

Here are the key news stories impacting AvePoint this week:

• Positive Sentiment: BMO Capital Markets initiated coverage with an Outperform rating and a $17.00 price target, implying meaningful upside from the recent trading level. The new coverage adds institutional support to the bullish case. AvePoint in spotlight as BMO Capital starts with outperform rating
• Positive Sentiment: Analyst estimates cited by American Banking News put AvePoint’s average price target at $16.41, above the recent share price, suggesting expectations for continued appreciation. AvePoint Stock Has Average Target Price of $16.41 According to Analysts
• Positive Sentiment: Recent analysis upgraded AvePoint based on growing demand for agentic-AI governance and its AgentPulse platform, which reportedly is supporting stronger net new annual recurring revenue and larger contracts. The company’s cash position, free-cash-flow generation and substantial share repurchases further support the investment thesis. AvePoint: Growing Agentic AI Governance And Reasonable Valuations Should Drive Interest
• Positive Sentiment: Another bullish analysis cited AvePoint’s revenue and earnings growth, positive operating cash flow, global presence and low leverage. Its exposure to AI, data protection and compliance trends could provide a durable growth tailwind. AvePoint Rides AI-Driven Tailwind, Proving Itself As A Durable Cash Flow Engine
• Negative Sentiment: Insider Brian Brown sold 28,894 AVPT shares for approximately $437,744, reducing his direct ownership by 7.92%. Because the sale was executed under a Rule 10b5-1 pre-arranged trading plan, it may be less concerning than an unexpected discretionary sale, but it could still modestly weigh on sentiment. SEC insider transaction filing

Institutional Investors Weigh In On AvePoint

Hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its stake in shares of AvePoint by 933.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,977 shares of the company’s stock valued at $28,000 after buying an additional 2,689 shares during the period. GAMMA Investing LLC raised its holdings in AvePoint by 26.6% in the second quarter. GAMMA Investing LLC now owns 3,814 shares of the company’s stock valued at $43,000 after acquiring an additional 802 shares in the last quarter. Allworth Financial LP lifted its stake in AvePoint by 109.6% in the second quarter. Allworth Financial LP now owns 5,065 shares of the company’s stock worth $57,000 after acquiring an additional 2,649 shares during the last quarter. Versant Capital Management Inc lifted its stake in AvePoint by 26.8% in the second quarter. Versant Capital Management Inc now owns 8,044 shares of the company’s stock worth $90,000 after acquiring an additional 1,701 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in AvePoint during the 2nd quarter worth approximately $96,000. Institutional investors and hedge funds own 44.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Wall Street Zen upgraded AvePoint from a “hold” rating to a “buy” rating in a research report on Saturday, September 12th. DA Davidson restated a “buy” rating and set a $18.00 target price on shares of AvePoint in a report on Monday, July 6th. Phillip Securities upgraded shares of AvePoint to a “moderate buy” rating in a research note on Monday. Evercore reissued an “outperform” rating and set a $16.00 price target on shares of AvePoint in a research report on Friday, August 7th. Finally, Scotiabank raised their price objective on shares of AvePoint from $12.00 to $15.00 and gave the company a “sector outperform” rating in a research note on Friday, August 7th. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.41.

AvePoint Company Profile

AvePoint, Inc (NASDAQ: AVPT) provides data-management, governance and protection solutions for organizations using cloud collaboration platforms. Its products are designed to help businesses migrate, manage, protect and optimize data across services such as Microsoft 365, SharePoint, Dynamics 365 and Salesforce.

The company’s offerings include cloud backup and recovery, data migration, records and information management, compliance, security and workspace governance. AvePoint delivers these capabilities through its cloud-based platform and related software, helping organizations manage data throughout its lifecycle while supporting collaboration and regulatory requirements.

Founded in 2001, AvePoint serves customers globally across a range of industries, including public-sector organizations, education, healthcare and commercial enterprises.