AvePoint (NASDAQ:AVPT) Posts Earnings Results, Beats Expectations By $0.04 EPS

AvePoint (NASDAQ:AVPT) released its quarterly earnings data on Thursday. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.04, FiscalAI reports. The company had revenue of $124.50 million during the quarter, compared to the consensus estimate of $121.38 million. AvePoint had a return on equity of 10.52% and a net margin of 10.55%.

Here are the key takeaways from AvePoint’s conference call:

• Q2 results exceeded guidance, with revenue of $124.5 million, up 22% year over year, ARR of $465.1 million, up 27%, and record net new ARR of $29.9 million. SaaS revenue grew 27%, while GAAP operating profitability continued for the eighth consecutive quarter.
• AgentPulse is generating strong customer interest as enterprises seek to control AI-agent sprawl, security risks, compliance, and costs. Control package customers roughly doubled sequentially, and AgentPulse-related deals were reportedly two to three times larger on average, although much of the pipeline has not yet converted to bookings.
• Enterprise expansion and channel momentum remained strong, with 911 customers above $100,000 of ARR, larger customer cohorts growing at least 30%, and 59% of ARR coming through partners. Management also cited a seven-figure bank upsell and record additions of SMB and mid-market customers.
• AvePoint raised its full-year ARR outlook by $1 million and expects constant-currency revenue growth of 21% at the midpoint, but increased technology and go-to-market spending to pursue the opportunity. These investments are expected to weigh modestly on near-term operating income while supporting longer-term growth and efficiency.
• Foreign-exchange headwinds more than offset the ARR increase in the reported outlook, including a $5.6 million incremental full-year revenue impact. Net retention remained at 110%, below the company’s long-term 115% target, and services-related gross-margin pressure continued.

AvePoint Trading Down 4.6%

Shares of AVPT traded down $0.61 during trading hours on Thursday, reaching $12.79. The stock had a trading volume of 3,526,183 shares, compared to its average volume of 2,132,393. AvePoint has a 12 month low of $8.84 and a 12 month high of $18.15. The firm has a 50-day simple moving average of $11.78 and a 200 day simple moving average of $10.93. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 60.90 and a beta of 1.16.

Wall Street Analyst Weigh In

AVPT has been the topic of a number of research reports. Wall Street Zen lowered shares of AvePoint from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Zacks Research upgraded shares of AvePoint from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. The Goldman Sachs Group restated a “neutral” rating and issued a $14.00 price objective on shares of AvePoint in a report on Wednesday, May 13th. Scotiabank cut their target price on AvePoint from $13.00 to $12.00 and set a “sector outperform” rating on the stock in a report on Friday, May 8th. Finally, DA Davidson reissued a “buy” rating and issued a $18.00 price target on shares of AvePoint in a research note on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $16.44.

Insider Buying and Selling

In other AvePoint news, insider Brian Michael Brown sold 5,176 shares of the business’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $13.06, for a total transaction of $67,598.56. Following the completion of the sale, the insider owned 809,664 shares in the company, valued at approximately $10,574,211.84. The trade was a 0.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 22.66% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC acquired a new stake in shares of AvePoint in the 4th quarter worth about $28,000. Vestcor Inc acquired a new position in AvePoint during the 3rd quarter valued at about $45,000. Kemnay Advisory Services Inc. acquired a new position in AvePoint during the 4th quarter valued at about $47,000. EverSource Wealth Advisors LLC increased its holdings in AvePoint by 6,111.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,342 shares of the company’s stock worth $103,000 after purchasing an additional 5,256 shares in the last quarter. Finally, US Bancorp DE increased its holdings in AvePoint by 11.2% during the 3rd quarter. US Bancorp DE now owns 7,962 shares of the company’s stock worth $120,000 after purchasing an additional 800 shares in the last quarter. 44.49% of the stock is currently owned by institutional investors and hedge funds.

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.