AvePoint, Inc. $AVPT Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. boosted its holdings in AvePoint, Inc. (NASDAQ:AVPT) by 12.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 737,787 shares of the company’s stock after buying an additional 83,015 shares during the quarter. Federated Hermes Inc. owned 0.35% of AvePoint worth $11,074,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its stake in AvePoint by 118.5% during the 1st quarter. AQR Capital Management LLC now owns 323,055 shares of the company’s stock valued at $4,665,000 after acquiring an additional 175,194 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in AvePoint by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,639 shares of the company’s stock worth $1,107,000 after acquiring an additional 3,340 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in AvePoint during the first quarter valued at about $276,000. Goldman Sachs Group Inc. increased its holdings in AvePoint by 11.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 759,647 shares of the company’s stock valued at $10,969,000 after buying an additional 76,403 shares during the period. Finally, Focus Partners Wealth bought a new stake in shares of AvePoint in the 1st quarter valued at approximately $737,000. 44.49% of the stock is currently owned by hedge funds and other institutional investors.

AvePoint Stock Performance

Shares of AVPT stock opened at $11.63 on Monday. The business has a fifty day simple moving average of $13.24 and a 200 day simple moving average of $14.67. AvePoint, Inc. has a twelve month low of $11.49 and a twelve month high of $20.25.

AvePoint (NASDAQ:AVPT) last posted its earnings results on Thursday, November 6th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). AvePoint had a return on equity of 0.66% and a net margin of 0.55%.The company had revenue of $109.73 million for the quarter, compared to the consensus estimate of $105.72 million. On average, equities research analysts expect that AvePoint, Inc. will post -0.03 EPS for the current fiscal year.

Analysts Set New Price Targets

AVPT has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of AvePoint in a research report on Monday, December 29th. Evercore ISI dropped their price objective on AvePoint from $22.00 to $18.00 and set an “outperform” rating on the stock in a research note on Friday, November 7th. Zacks Research downgraded AvePoint from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 9th. Cantor Fitzgerald lowered their target price on AvePoint from $22.50 to $18.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Finally, Stephens initiated coverage on AvePoint in a research report on Monday, December 29th. They set an “overweight” rating and a $18.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $18.66.

Insider Buying and Selling at AvePoint

In other news, Chairman Xunkai Gong sold 27,998 shares of the firm’s stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $13.39, for a total transaction of $374,893.22. Following the completion of the transaction, the chairman directly owned 14,920,668 shares in the company, valued at $199,787,744.52. This trade represents a 0.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 78,321 shares of company stock valued at $1,064,870 over the last ninety days. Corporate insiders own 26.19% of the company’s stock.

About AvePoint

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.