AvePoint, Inc. (NASDAQ:AVPT - Get Free Report) insider Brian Michael Brown sold 20,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $7.86, for a total value of $157,200.00. Following the completion of the sale, the insider now directly owns 1,351,240 shares of the company's stock, valued at $10,620,746.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Brian Michael Brown also recently made the following trade(s):
- On Friday, March 1st, Brian Michael Brown sold 20,000 shares of AvePoint stock. The stock was sold at an average price of $8.11, for a total value of $162,200.00.
AvePoint Stock Performance
NASDAQ AVPT opened at $8.04 on Friday. The company has a market capitalization of $1.48 billion, a PE ratio of -66.99 and a beta of 0.84. AvePoint, Inc. has a 52-week low of $4.36 and a 52-week high of $8.61. The company has a 50-day simple moving average of $7.85 and a 200 day simple moving average of $7.92.
AvePoint (NASDAQ:AVPT - Get Free Report) last issued its quarterly earnings results on Thursday, February 29th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). AvePoint had a negative return on equity of 9.94% and a negative net margin of 7.94%. The company had revenue of $74.60 million for the quarter, compared to analysts' expectations of $71.57 million. During the same quarter in the previous year, the business earned ($0.07) EPS. The company's revenue for the quarter was up 17.3% on a year-over-year basis. As a group, analysts forecast that AvePoint, Inc. will post -0.15 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
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A number of research analysts recently weighed in on AVPT shares. Evercore ISI raised their price target on shares of AvePoint from $9.00 to $10.00 and gave the company an "outperform" rating in a research report on Friday, March 1st. Citigroup upped their target price on AvePoint from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Wednesday, January 10th. Finally, Cantor Fitzgerald lifted their price target on AvePoint from $10.00 to $11.00 and gave the stock an "overweight" rating in a report on Friday, March 1st.
Read Our Latest Analysis on AvePoint
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its holdings in AvePoint by 274.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,835,402 shares of the company's stock worth $12,334,000 after buying an additional 1,345,267 shares during the period. Mackenzie Financial Corp purchased a new position in shares of AvePoint in the third quarter valued at $108,000. Strs Ohio raised its stake in shares of AvePoint by 51.4% during the 3rd quarter. Strs Ohio now owns 85,100 shares of the company's stock valued at $571,000 after purchasing an additional 28,900 shares during the period. Arete Wealth Advisors LLC raised its stake in shares of AvePoint by 21.6% during the 3rd quarter. Arete Wealth Advisors LLC now owns 23,900 shares of the company's stock valued at $161,000 after purchasing an additional 4,250 shares during the period. Finally, Ingalls & Snyder LLC boosted its stake in AvePoint by 22.3% in the 3rd quarter. Ingalls & Snyder LLC now owns 176,373 shares of the company's stock worth $1,185,000 after purchasing an additional 32,146 shares during the period. Hedge funds and other institutional investors own 44.49% of the company's stock.
About AvePoint
(
Get Free Report)
AvePoint, Inc provides cloud-native data management software platform in North America, Europe, Middle East, Africa, and Asia Pacific. It also offers software-as-a-service solutions and productivity applications. The company offers modularity and cloud services architecture to address critical challenges and the management of data to organizations that leverage third-party cloud vendors, including Microsoft, Salesforce, Google, AWS, Box, DropBox, and others; license and support; and maintenance services.
Further Reading
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