AvePoint (NASDAQ:AVPT) Sets New 1-Year Low – Here’s What Happened

AvePoint, Inc. (NASDAQ:AVPT)’s stock price hit a new 52-week low on Tuesday . The company traded as low as $9.71 and last traded at $9.8750, with a volume of 154929 shares traded. The stock had previously closed at $10.24.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. DA Davidson reduced their price target on shares of AvePoint from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, February 19th. TD Cowen dropped their price objective on shares of AvePoint from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. B. Riley Financial reduced their price objective on shares of AvePoint from $25.00 to $22.00 and set a “buy” rating for the company in a report on Monday, February 2nd. William Blair reissued a “market perform” rating on shares of AvePoint in a research report on Monday. Finally, Jefferies Financial Group dropped their price target on shares of AvePoint from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, February 24th. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, AvePoint presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.11.

AvePoint Trading Down 5.1%

The business has a 50-day moving average of $11.15 and a 200 day moving average of $13.10. The firm has a market capitalization of $2.09 billion, a PE ratio of 60.72 and a beta of 1.12.

AvePoint (NASDAQ:AVPT) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). The firm had revenue of $114.69 million for the quarter, compared to analysts’ expectations of $110.94 million. AvePoint had a return on equity of 8.19% and a net margin of 8.34%. On average, sell-side analysts expect that AvePoint, Inc. will post -0.03 EPS for the current fiscal year.

Insider Transactions at AvePoint

In other AvePoint news, Chairman Xunkai Gong sold 27,998 shares of the company’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $13.39, for a total value of $374,893.22. Following the completion of the sale, the chairman directly owned 14,920,668 shares of the company’s stock, valued at approximately $199,787,744.52. This represents a 0.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 22.66% of the company’s stock.

Hedge Funds Weigh In On AvePoint

Several institutional investors have recently modified their holdings of the business. US Bancorp DE lifted its holdings in AvePoint by 11.2% during 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 period. Advisors Asset Management Inc. grew its stake in AvePoint by 68.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,263 shares of the company’s stock valued at $44,000 after purchasing an additional 919 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of AvePoint by 1.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,586 shares of the company’s stock valued at $786,000 after purchasing an additional 1,016 shares during the last quarter. Blair William & Co. IL increased its position in shares of AvePoint by 8.3% during the 4th quarter. Blair William & Co. IL now owns 13,700 shares of the company’s stock valued at $190,000 after purchasing an additional 1,050 shares during the last quarter. Finally, Xponance LLC raised its stake in shares of AvePoint by 11.5% during the 4th quarter. Xponance LLC now owns 11,522 shares of the company’s stock worth $160,000 after purchasing an additional 1,188 shares during the period. 44.49% of the stock is owned by institutional investors.

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.