Odyssean LLC Raises Stake in AvePoint, Inc. $AVPT

Odyssean LLC grew its stake in AvePoint, Inc. (NASDAQ:AVPT) by 106.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 273,488 shares of the company’s stock after acquiring an additional 140,867 shares during the quarter. Odyssean LLC’s holdings in AvePoint were worth $3,066,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of AVPT. US Bancorp DE boosted its position in shares of AvePoint by 11.2% during the 3rd quarter. US Bancorp DE now owns 7,962 shares of the company’s stock valued at $120,000 after acquiring an additional 800 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of 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 purchasing an additional 802 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in AvePoint by 1.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,586 shares of the company’s stock worth $786,000 after purchasing an additional 1,016 shares during the last quarter. Blair William & Co. IL increased its position in AvePoint by 8.3% during the fourth quarter. Blair William & Co. IL now owns 13,700 shares of the company’s stock worth $190,000 after purchasing an additional 1,050 shares during the last quarter. Finally, Xponance LLC raised its stake in AvePoint by 11.5% during the fourth quarter. Xponance LLC now owns 11,522 shares of the company’s stock worth $160,000 after purchasing an additional 1,188 shares during the period. Hedge funds and other institutional investors own 44.49% of the company’s stock.

AvePoint Trading Down 1.3%

Shares of AVPT opened at $13.07 on Wednesday. The company’s 50-day moving average price is $12.38 and its 200 day moving average price is $11.03. AvePoint, Inc. has a 12-month low of $8.84 and a 12-month high of $16.77. The firm has a market cap of $2.77 billion, a P/E ratio of 40.85 and a beta of 1.16.

AvePoint (NASDAQ:AVPT) last announced its earnings results on Thursday, August 6th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $121.38 million. Equities research analysts forecast that AvePoint, Inc. will post 0.25 earnings per share for the current year.

Insider Activity at AvePoint

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on AVPT. Scotiabank boosted their target price on shares of AvePoint from $12.00 to $15.00 and gave the company a “sector outperform” rating in a report on Friday, August 7th. Citigroup restated a “neutral” rating on shares of AvePoint in a report on Wednesday, August 12th. Wall Street Zen lowered shares of AvePoint from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. The Goldman Sachs Group reiterated a “neutral” rating and issued a $14.00 price objective on shares of AvePoint in a report on Wednesday, May 13th. Finally, Zacks Research lowered AvePoint from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $16.44.

About AvePoint

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.