AvePoint, Inc. (NASDAQ:AVPT - Get Free Report) insider Brian Michael Brown sold 60,000 shares of AvePoint stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $14.20, for a total transaction of $852,000.00. Following the completion of the transaction, the insider directly owned 384,604 shares of the company's stock, valued at $5,461,376.80. This trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Brian Michael Brown also recently made the following trade(s):
- On Monday, August 24th, Brian Michael Brown sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $13.30, for a total transaction of $133,000.00.
- 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 transaction of $67,598.56.
- On Tuesday, July 28th, Brian Michael Brown sold 4,824 shares of AvePoint stock. The stock was sold at an average price of $13.08, for a total transaction of $63,097.92.
AvePoint Stock Down 2.1%
Shares of AVPT stock opened at $14.00 on Friday. The business has a 50 day moving average of $12.58 and a two-hundred day moving average of $11.10. AvePoint, Inc. has a 52 week low of $8.84 and a 52 week high of $16.77. The company has a market cap of $2.96 billion, a P/E ratio of 43.75 and a beta of 1.16.
AvePoint (NASDAQ:AVPT - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.08 by $0.04. The company had revenue of $124.50 million during the quarter, compared to analyst estimates of $121.38 million. AvePoint had a return on equity of 15.97% and a net margin of 15.33%. Analysts expect that AvePoint, Inc. will post 0.25 EPS for the current fiscal year.
Hedge Funds Weigh In On AvePoint
Several hedge funds and other institutional investors have recently made changes to their positions in AVPT. Corient Private Wealth LP acquired a new stake in AvePoint in the 2nd quarter valued at approximately $240,000. California State Teachers Retirement System raised its stake in AvePoint by 994.0% during the 2nd quarter. California State Teachers Retirement System now owns 2,032,037 shares of the company's stock valued at $22,779,000 after acquiring an additional 1,846,288 shares in the last quarter. Odyssean LLC boosted its position in AvePoint by 106.2% during the 2nd quarter. Odyssean LLC now owns 273,488 shares of the company's stock worth $3,066,000 after acquiring an additional 140,867 shares during the period. AXQ Capital LP acquired a new position in AvePoint during the 2nd quarter worth $184,000. Finally, Greenleaf Trust bought a new position in shares of AvePoint in the second quarter worth $122,000. 44.49% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
AVPT has been the subject of a number of recent research reports. Weiss Ratings upgraded AvePoint from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Scotiabank raised their target price on AvePoint from $12.00 to $15.00 and gave the company a "sector outperform" rating in a research note on Friday, August 7th. TD Cowen boosted their price target on shares of AvePoint from $14.00 to $15.00 and gave the company a "buy" rating in a report on Friday, August 7th. Evercore restated an "outperform" rating and set a $16.00 price target on shares of AvePoint in a research report on Friday, August 7th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $14.00 price objective on shares of AvePoint in a report on Wednesday, May 13th. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, AvePoint presently has a consensus rating of "Moderate Buy" and a consensus target price of $16.44.
Check Out Our Latest Research Report on AVPT
AvePoint Company Profile
(
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.
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