AvePoint (NASDAQ:AVPT) Insider Brian Michael Brown Sells 3,500 Shares of Company Stock

AvePoint, Inc. (NASDAQ:AVPT) insider Brian Brown sold 3,500 shares of the company’s stock in a transaction on Friday, October 16th. The stock was sold at an average price of $15.20, for a total transaction of $53,200.00. Following the transaction, the insider directly owned 332,210 shares in the company, valued at approximately $5,049,592. This trade represents a 1.04% decrease in their ownership of the stock. 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 Tuesday, October 20th, Brian Brown sold 72,606 shares of AvePoint stock. The shares were sold at an average price of $15.26, for a total transaction of $1,107,967.56.
• On Tuesday, October 6th, Brian Brown sold 28,894 shares of AvePoint stock. The shares were sold at an average price of $15.15, for a total transaction of $437,744.10.
• 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 stock was sold at an average price of $13.07, for a total transaction 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 transaction 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 transaction 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 transaction 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 transaction of $63,097.92.

AvePoint Price Performance

Shares of AVPT stock traded up $0.49 during midday trading on Tuesday, reaching $15.23. 2,195,492 shares of the company traded hands, compared to its average volume of 2,083,700. The firm’s 50 day simple moving average is $13.65 and its two-hundred day simple moving average is $11.95. The firm has a market cap of $3.22 billion, a PE ratio of 47.60 and a beta of 1.17. AvePoint, Inc. has a 1-year low of $8.84 and a 1-year high of $15.49.

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

Analyst Ratings Changes

A number of analysts have commented on the company. TD Cowen boosted their target price on AvePoint from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Evercore restated an “outperform” rating and issued a $16.00 price target on shares of AvePoint in a research report on Friday, August 7th. Wall Street Zen cut AvePoint from a “buy” rating to a “hold” rating in a research report on Saturday, October 10th. Citigroup reaffirmed a “neutral” rating on shares of AvePoint in a research note on Wednesday, August 12th. Finally, BMO Capital Markets began coverage on shares of AvePoint in a research report on Tuesday, October 6th. They issued an “outperform” rating and a $17.00 price objective on the stock. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.25.

Institutional Trading of AvePoint

Large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its stake in shares of AvePoint by 25.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,264,082 shares of the company’s stock worth $31,040,000 after purchasing an additional 666,422 shares in the last quarter. Wellington Management Group LLP raised its position in shares of AvePoint by 106.7% during the 2nd quarter. Wellington Management Group LLP now owns 2,776,579 shares of the company’s stock worth $31,125,000 after purchasing an additional 1,433,299 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in AvePoint by 25.0% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,675,587 shares of the company’s stock valued at $25,445,000 after buying an additional 535,015 shares in the last quarter. Renaissance Technologies LLC lifted its stake in AvePoint by 16.4% in the 1st quarter. Renaissance Technologies LLC now owns 2,580,153 shares of the company’s stock valued at $24,537,000 after buying an additional 363,200 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in AvePoint by 335.2% in the 1st quarter. SG Americas Securities LLC now owns 2,391,696 shares of the company’s stock valued at $22,745,000 after buying an additional 1,842,124 shares in the last quarter. 44.49% of the stock is currently owned by institutional investors and hedge funds.

About AvePoint

AvePoint, Inc (NASDAQ:AVPT) is a data management and governance software company that helps organizations protect, manage and modernize information across cloud, hybrid and on-premises environments. Its solutions are designed primarily for collaboration and productivity platforms, including Microsoft 365, SharePoint, Dynamics 365 and Salesforce.

The company’s product portfolio includes cloud backup and recovery, data migration, governance, security, compliance and administration tools.