AvePoint (NASDAQ:AVPT) Shares Down 5.4% – Time to Sell?

AvePoint, Inc. (NASDAQ:AVPT)’s share price dropped 5.4% on Friday . The company traded as low as $13.26 and last traded at $13.1450. Approximately 199,468 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 2,249,910 shares. The stock had previously closed at $13.89.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AVPT shares. Scotiabank reduced their price objective on shares of AvePoint from $22.00 to $17.00 and set a “sector outperform” rating for the company in a research note on Friday, November 7th. Robert W. Baird initiated coverage on AvePoint in a research report on Monday, October 27th. They set a “neutral” rating and a $17.00 price target for the company. Evercore ISI decreased their price target on AvePoint from $22.00 to $18.00 and set an “outperform” rating for the company in a research note on Friday, November 7th. Weiss Ratings reiterated a “hold (c-)” rating on shares of AvePoint in a research note on Monday. Finally, Morgan Stanley set a $18.30 price objective on AvePoint in a report on Monday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, AvePoint currently has an average rating of “Moderate Buy” and a consensus target price of $18.94.

AvePoint Price Performance

The firm has a 50 day simple moving average of $13.48 and a 200-day simple moving average of $15.56.

AvePoint (NASDAQ:AVPT) last posted its earnings results on Thursday, November 6th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). AvePoint had a return on equity of 0.66% and a net margin of 0.55%.The business had revenue of $109.73 million for the quarter, compared to analyst estimates of $105.72 million. On average, equities research analysts forecast that AvePoint, Inc. will post -0.03 EPS for the current fiscal year.

Insider Transactions at AvePoint

In other news, Chairman Xunkai Gong sold 18,321 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $13.80, for a total value of $252,829.80. Following the transaction, the chairman owned 15,040,668 shares of the company’s stock, valued at approximately $207,561,218.40. This represents a 0.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian Michael Brown sold 1,848 shares of the stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $15.03, for a total value of $27,775.44. Following the transaction, the insider owned 631,893 shares in the company, valued at approximately $9,497,351.79. This trade represents a 0.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 121,848 shares of company stock valued at $1,780,086. 26.19% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new position in shares of AvePoint in the third quarter valued at about $26,000. Aster Capital Management DIFC Ltd increased its holdings in shares of AvePoint by 698.8% during the third quarter. Aster Capital Management DIFC Ltd now owns 2,069 shares of the company’s stock worth $31,000 after purchasing an additional 1,810 shares during the period. Advisors Asset Management Inc. raised its position in shares of AvePoint by 68.4% in the second quarter. Advisors Asset Management Inc. now owns 2,263 shares of the company’s stock valued at $44,000 after buying an additional 919 shares in the last quarter. Vestcor Inc bought a new stake in shares of AvePoint in the third quarter valued at approximately $45,000. Finally, Quarry LP grew its position in AvePoint by 2,028.3% during the first quarter. Quarry LP now owns 3,831 shares of the company’s stock worth $55,000 after buying an additional 3,651 shares in the last quarter. 44.49% of the stock is 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.