Key Points
- Insider sale: Brian Michael Brown sold 10,000 AvePoint shares at an average of $14.11, worth $141,100, reducing his stake by 2.67% to 364,604 shares. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
- Recent trading pattern: Brown has sold additional AvePoint shares in several transactions since late July, including 60,000 shares in August and 10,000 shares on September 23.
- Stock outlook: AvePoint shares opened at $14.07, while analysts maintain a “Moderate Buy” consensus and an average price target of $16.36. The company recently exceeded quarterly earnings and revenue expectations.
AvePoint, Inc. (NASDAQ:AVPT - Get Free Report) insider Brian Brown sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $14.11, for a total value of $141,100.00. Following the completion of the sale, the insider directly owned 364,604 shares in the company, valued at approximately $5,144,562.44. This trade represents a 2.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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, September 23rd, Brian Brown sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $13.07, for a total value of $130,700.00.
- On Thursday, August 27th, Brian Brown sold 60,000 shares of AvePoint stock. The stock was sold at an average price of $14.20, for a total value of $852,000.00.
- On Monday, August 24th, Brian Brown sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $13.30, for a total value of $133,000.00.
- On Wednesday, July 29th, Brian 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 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 $14.07 on Friday. AvePoint, Inc. has a 1 year low of $8.84 and a 1 year high of $15.58. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 43.97 and a beta of 1.17. The firm has a fifty day moving average of $13.33 and a 200-day moving average of $11.59.
AvePoint (NASDAQ:AVPT - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.12 EPS 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 business had revenue of $124.50 million during the quarter, compared to analyst estimates of $121.38 million. Analysts predict that AvePoint, Inc. will post 0.25 EPS for the current year.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the stock. Wall Street Zen upgraded shares of AvePoint from a "hold" rating to a "buy" rating in a research report on Saturday, September 12th. Zacks Research cut AvePoint from a "strong-buy" rating to a "hold" rating in a report on Monday, August 10th. Scotiabank boosted their price objective on AvePoint from $12.00 to $15.00 and gave the stock a "sector outperform" rating in a research report on Friday, August 7th. Stephens boosted their price objective on AvePoint from $16.00 to $17.00 and gave the stock an "overweight" rating in a research report on Monday, September 21st. Finally, Citigroup reissued a "neutral" rating on shares of AvePoint in a report on Wednesday, August 12th. Ten research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $16.36.
View Our Latest Stock Report on AvePoint
Hedge Funds Weigh In On AvePoint
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in shares of AvePoint by 106.7% during the 2nd quarter. Wellington Management Group LLP now owns 2,776,579 shares of the company's stock valued at $31,125,000 after purchasing an additional 1,433,299 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of AvePoint by 25.7% in the first quarter. Dimensional Fund Advisors LP now owns 3,264,082 shares of the company's stock valued at $31,040,000 after buying an additional 666,422 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in AvePoint by 620.9% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,140,572 shares of the company's stock valued at $29,733,000 after buying an additional 1,843,641 shares in the last quarter. Renaissance Technologies LLC boosted its stake in AvePoint by 16.4% during the first quarter. Renaissance Technologies LLC now owns 2,580,153 shares of the company's stock valued at $24,537,000 after buying an additional 363,200 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in AvePoint by 335.2% during the first quarter. SG Americas Securities LLC now owns 2,391,696 shares of the company's stock worth $22,745,000 after acquiring an additional 1,842,124 shares during the period. 44.49% of the stock is owned by institutional investors.
About AvePoint
(
Get Free Report)
AvePoint, Inc (NASDAQ: AVPT) provides data-management, governance and protection solutions for organizations using cloud collaboration platforms. Its products are designed to help businesses migrate, manage, protect and optimize data across services such as Microsoft 365, SharePoint, Dynamics 365 and Salesforce.
The company's offerings include cloud backup and recovery, data migration, records and information management, compliance, security and workspace governance. AvePoint delivers these capabilities through its cloud-based platform and related software, helping organizations manage data throughout its lifecycle while supporting collaboration and regulatory requirements.
Founded in 2001, AvePoint serves customers globally across a range of industries, including public-sector organizations, education, healthcare and commercial enterprises.
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