AvePoint (NASDAQ:AVPT) Releases Earnings Results, Misses Expectations By $0.02 EPS

AvePoint (NASDAQ:AVPT) released its earnings results on Thursday. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02), FiscalAI reports. The company had revenue of $114.69 million for the quarter, compared to the consensus estimate of $110.94 million. AvePoint had a return on equity of 0.66% and a net margin of 0.55%.

AvePoint Stock Up 1.5%

AvePoint stock traded up $0.15 during trading hours on Thursday, hitting $10.38. The company had a trading volume of 2,464,068 shares, compared to its average volume of 2,088,827. The firm has a 50-day moving average of $12.27 and a 200 day moving average of $13.72. AvePoint has a one year low of $9.85 and a one year high of $20.25.

Insider Activity at AvePoint

In other news, Chairman Xunkai Gong sold 32,002 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $13.66, for a total value of $437,147.32. Following the transaction, the chairman owned 14,948,666 shares of the company’s stock, valued at approximately $204,198,777.56. This represents a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 26.19% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new stake in shares of AvePoint during the 4th quarter worth approximately $28,000. Vestcor Inc bought a new stake in shares of AvePoint during the 3rd quarter worth $45,000. Kemnay Advisory Services Inc. acquired a new stake in AvePoint in the fourth quarter valued at about $47,000. EverSource Wealth Advisors LLC raised its stake in AvePoint by 6,111.6% during the second quarter. EverSource Wealth Advisors LLC now owns 5,342 shares of the company’s stock worth $103,000 after acquiring an additional 5,256 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in shares of AvePoint by 11.2% in the third quarter. US Bancorp DE now owns 7,962 shares of the company’s stock worth $120,000 after acquiring an additional 800 shares during the last quarter. 44.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AVPT shares. Evercore 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. Stephens assumed coverage on shares of AvePoint in a research report on Monday, December 29th. They issued an “overweight” rating and a $18.00 price objective for the company. Citigroup dropped their target price on shares of AvePoint from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, January 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of AvePoint in a research note on Monday, December 29th. Finally, DA Davidson reduced their price target on AvePoint from $20.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, February 19th. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, AvePoint has an average rating of “Moderate Buy” and an average target price of $17.66.

AvePoint Company Profile

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.