Key Points
- Insider Brian Brown sold 35,000 AvePoint shares at an average price of $16.42, totaling $574,700. The Rule 10b5-1 transaction reduced his holdings by 13.48%, leaving him with 224,604 shares.
- AvePoint shares opened at $16.85, near their 52-week high of $16.89, with a $3.56 billion market capitalization. The company recently exceeded quarterly earnings and revenue expectations, reporting $0.12 EPS and $124.5 million in revenue.
- Analyst sentiment remains generally positive, with a “Moderate Buy” consensus and an average price target of $16.55, while institutional investors own 44.49% of the stock.
AvePoint, Inc. (NASDAQ:AVPT - Get Free Report) insider Brian Brown sold 35,000 shares of the firm's stock in a transaction on Friday, October 23rd. The stock was sold at an average price of $16.42, for a total transaction of $574,700.00. Following the completion of the sale, the insider owned 224,604 shares in the company, valued at approximately $3,687,997.68. The trade was a 13.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through 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 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 Friday, October 16th, Brian Brown sold 3,500 shares of AvePoint stock. The shares were sold at an average price of $15.20, for a total transaction of $53,200.00.
- 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 stock was 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 stock was 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 stock was 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 shares were 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 value of $63,097.92.
AvePoint Stock Up 2.1%
AVPT stock opened at $16.85 on Tuesday. AvePoint, Inc. has a twelve month low of $8.84 and a twelve month high of $16.89. The company has a market cap of $3.56 billion, a PE ratio of 52.66 and a beta of 1.17. The business's 50-day simple moving average is $13.92 and its 200 day simple moving average is $11.84.
AvePoint (NASDAQ:AVPT - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.12 EPS 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. On average, equities research analysts anticipate that AvePoint, Inc. will post 0.25 EPS for the current year.
Institutional Investors Weigh In On AvePoint
Institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC raised its holdings in shares of AvePoint by 21.2% in the 3rd quarter. Signaturefd LLC now owns 5,739 shares of the company's stock worth $81,000 after buying an additional 1,005 shares in the last quarter. Sterling Capital Management LLC lifted its position in shares of AvePoint by 822.1% during the 3rd quarter. Sterling Capital Management LLC now owns 5,496 shares of the company's stock worth $77,000 after buying an additional 4,900 shares during the period. Isthmus Partners LLC acquired a new stake in AvePoint in the 3rd quarter valued at $2,518,000. Nisa Investment Advisors LLC boosted its stake in AvePoint by 42.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 5,983 shares of the company's stock valued at $84,000 after buying an additional 1,782 shares in the last quarter. Finally, Ausbil Investment Management Ltd acquired a new stake in AvePoint in the 3rd quarter valued at $358,000. 44.49% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the company. Wall Street Zen cut AvePoint from a "buy" rating to a "hold" rating in a research report on Saturday, October 10th. Phillip Securities upgraded shares of AvePoint to a "moderate buy" rating in a research note on Monday, October 5th. Stephens boosted their price target on shares of AvePoint from $16.00 to $17.00 and gave the company an "overweight" rating in a report on Monday, September 21st. Zacks Research cut shares of AvePoint from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 10th. Finally, Weiss Ratings upgraded shares of AvePoint from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $16.55.
View 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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