AvePoint, Inc. (NASDAQ:AVPT - Get Free Report) insider Brian Brown sold 3,500 shares of the firm's stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $15.20, for a total transaction of $53,200.00. Following the sale, the insider directly owned 332,210 shares in the company, valued at $5,049,592. This represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 Tuesday, October 20th, Brian Brown sold 72,606 shares of AvePoint stock. The stock was sold at an average price of $15.26, for a total transaction of $1,107,967.56.
- On Tuesday, October 6th, Brian Brown sold 28,894 shares of AvePoint stock. The shares were sold at an average price of $15.15, for a total transaction of $437,744.10.
- On Wednesday, September 30th, Brian Brown sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $14.11, for a total transaction of $141,100.00.
- 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 transaction of $130,700.00.
- On Thursday, August 27th, Brian Brown sold 60,000 shares of AvePoint stock. The shares were sold at an average price of $14.20, for a total transaction of $852,000.00.
- On Monday, August 24th, Brian 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 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 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 Performance
AVPT stock opened at $15.23 on Wednesday. The stock has a market capitalization of $3.22 billion, a P/E ratio of 47.60 and a beta of 1.17. AvePoint, Inc. has a one year low of $8.84 and a one year high of $15.49. The company has a 50 day moving average price of $13.69 and a two-hundred day moving average price of $11.99.
AvePoint (NASDAQ:AVPT - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate 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. Research analysts forecast that AvePoint, Inc. will post 0.25 earnings per share for the current fiscal year.
Institutional Trading of AvePoint
Several large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in 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 purchasing an additional 666,422 shares during the period. Wellington Management Group LLP lifted its stake in shares of AvePoint by 106.7% during the second quarter. Wellington Management Group LLP now owns 2,776,579 shares of the company's stock worth $31,125,000 after purchasing an additional 1,433,299 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of AvePoint by 25.0% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,675,587 shares of the company's stock worth $25,445,000 after purchasing an additional 535,015 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of AvePoint by 16.4% in the first quarter. Renaissance Technologies LLC now owns 2,580,153 shares of the company's stock worth $24,537,000 after buying an additional 363,200 shares during the period. Finally, SG Americas Securities LLC boosted its position in shares of AvePoint by 335.2% in the first quarter. SG Americas Securities LLC now owns 2,391,696 shares of the company's stock worth $22,745,000 after buying an additional 1,842,124 shares during the period. 44.49% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts recently commented on AVPT shares. DA Davidson reiterated a "buy" rating and issued a $18.00 target price on shares of AvePoint in a research note on Monday, July 6th. BMO Capital Markets initiated coverage on AvePoint in a research report on Tuesday, October 6th. They set an "outperform" rating and a $17.00 target price on the stock. TD Cowen raised their price target on AvePoint from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Weiss Ratings raised AvePoint from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Finally, Cantor Fitzgerald restated an "overweight" rating on shares of AvePoint in a report on Tuesday, September 22nd. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $16.25.
Read Our Latest Stock Report on AvePoint
About AvePoint
(
Get Free Report)
AvePoint, Inc (NASDAQ:AVPT) is a data management and governance software company that helps organizations protect, manage and modernize information across cloud, hybrid and on-premises environments. Its solutions are designed primarily for collaboration and productivity platforms, including Microsoft 365, SharePoint, Dynamics 365 and Salesforce.
The company's product portfolio includes cloud backup and recovery, data migration, governance, security, compliance and administration tools.
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