AvePoint (NASDAQ:AVPT) Insider Sells $141,100.00 in Stock

AvePoint, Inc. (NASDAQ:AVPT) insider Brian Brown sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $14.11, for a total transaction of $141,100.00. Following the completion of the transaction, the insider owned 364,604 shares of the company’s stock, valued at approximately $5,144,562.44. The trade was a 2.67% decrease in their ownership of the stock. The sale 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 23rd, Brian Brown sold 10,000 shares of AvePoint stock. The shares were 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 shares were 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 shares were 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 stock was 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 stock was sold at an average price of $13.08, for a total transaction of $63,097.92.

AvePoint Trading Down 0.1%

NASDAQ:AVPT traded down $0.01 during trading hours on Friday, hitting $14.07. 1,926,960 shares of the stock traded hands, compared to its average volume of 2,071,469. The firm has a 50 day moving average price of $13.29 and a 200 day moving average price of $11.57. AvePoint, Inc. has a fifty-two week low of $8.84 and a fifty-two week high of $15.58. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 43.97 and a beta of 1.17.

AvePoint (NASDAQ:AVPT) last released its earnings results on Thursday, August 6th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.04. The company had revenue of $124.50 million during 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%. Research analysts predict that AvePoint, Inc. will post 0.25 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Zacks Research cut AvePoint from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Weiss Ratings raised shares of AvePoint from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Evercore reiterated an “outperform” rating and issued a $16.00 price objective on shares of AvePoint in a research note on Friday, August 7th. Stephens increased their target price on shares of AvePoint from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Monday, September 21st. Finally, Citigroup reiterated a “neutral” rating on shares of AvePoint in a research report on Wednesday, August 12th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, AvePoint has a consensus rating of “Moderate Buy” and an average target price of $16.36.

Hedge Funds Weigh In On AvePoint

Hedge funds have recently bought and sold shares of the business. Scholtz & Company LLC bought a new stake in shares of AvePoint during the 2nd quarter worth about $1,975,000. Integrated Wealth Concepts LLC bought a new position in shares of AvePoint in the 2nd quarter valued at approximately $96,000. Allworth Financial LP lifted its holdings in AvePoint by 109.6% in the 2nd quarter. Allworth Financial LP now owns 5,065 shares of the company’s stock worth $57,000 after purchasing an additional 2,649 shares during the last quarter. Corient Private Wealth LP acquired a new stake in AvePoint in the 2nd quarter worth approximately $240,000. Finally, Odyssean LLC boosted its position in AvePoint by 106.2% during the second quarter. Odyssean LLC now owns 273,488 shares of the company’s stock worth $3,066,000 after purchasing an additional 140,867 shares during the period. 44.49% of the stock is owned by institutional investors and hedge funds.

About AvePoint

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.