Key Points
- AvePoint insider Brian Michael Brown sold 10,000 shares at an average price of $13.30, generating $133,000. The transaction was made under a pre-arranged Rule 10b5-1 plan, leaving him with 444,604 shares.
- AvePoint recently exceeded quarterly expectations, reporting $0.12 in earnings per share versus the $0.08 consensus estimate and revenue of $124.5 million, above the $121.38 million forecast.
- Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $16.44, compared with the stock’s recent price near $13.21.
AvePoint, Inc. (NASDAQ:AVPT - Get Free Report) insider Brian Michael Brown sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $13.30, for a total transaction of $133,000.00. Following the completion of the sale, the insider directly owned 444,604 shares of the company's stock, valued at approximately $5,913,233.20. This represents a 2.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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, July 29th, Brian Michael Brown sold 5,176 shares of AvePoint stock. The stock was sold at an average price of $13.06, for a total value of $67,598.56.
- On Tuesday, July 28th, Brian Michael Brown sold 4,824 shares of AvePoint stock. The shares were sold at an average price of $13.08, for a total value of $63,097.92.
AvePoint Stock Performance
Shares of AVPT opened at $13.21 on Thursday. The business's fifty day moving average price is $12.43 and its two-hundred day moving average price is $11.06. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 41.28 and a beta of 1.16. AvePoint, Inc. has a 52 week low of $8.84 and a 52 week high of $16.77.
AvePoint (NASDAQ:AVPT - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.04. AvePoint had a return on equity of 15.97% and a net margin of 15.33%.The company had revenue of $124.50 million during the quarter, compared to the consensus estimate of $121.38 million. As a group, research analysts forecast that AvePoint, Inc. will post 0.25 EPS for the current year.
Hedge Funds Weigh In On AvePoint
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AVPT. Kestra Advisory Services LLC bought a new stake in shares of AvePoint in the 4th quarter valued at about $28,000. PNC Financial Services Group Inc. grew its holdings in AvePoint by 933.7% during the first quarter. PNC Financial Services Group Inc. now owns 2,977 shares of the company's stock valued at $28,000 after purchasing an additional 2,689 shares during the period. Vestcor Inc acquired a new position in AvePoint during the third quarter valued at approximately $45,000. Kemnay Advisory Services Inc. bought a new stake in AvePoint in the fourth quarter valued at approximately $47,000. Finally, GAMMA Investing LLC increased its stake in 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 in the last quarter. Institutional investors own 44.49% of the company's stock.
Analysts Set New Price Targets
Several analysts have weighed in on AVPT shares. Evercore reissued an "outperform" rating and set a $16.00 price objective on shares of AvePoint in a report on Friday, August 7th. Wall Street Zen cut shares of AvePoint from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. TD Cowen boosted their price target on shares of AvePoint from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Citigroup restated a "neutral" rating on shares of AvePoint in a report on Wednesday, August 12th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $18.00 price objective on shares of AvePoint in a research note on Monday, July 6th. Ten investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $16.44.
Check Out Our Latest Research Report on AvePoint
About AvePoint
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
