JPMorgan Chase & Co. Buys 867,998 Shares of AvePoint, Inc. $AVPT

JPMorgan Chase & Co. lifted its stake in shares of AvePoint, Inc. (NASDAQ:AVPT) by 166.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,389,205 shares of the company’s stock after buying an additional 867,998 shares during the period. JPMorgan Chase & Co. owned about 0.64% of AvePoint worth $20,852,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. US Bancorp DE boosted its holdings in shares of AvePoint by 11.2% during the 3rd quarter. US Bancorp DE now owns 7,962 shares of the company’s stock valued at $120,000 after acquiring an additional 800 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in AvePoint by 68.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,263 shares of the company’s stock worth $44,000 after purchasing an additional 919 shares in the last quarter. Schonfeld Strategic Advisors LLC raised its position in AvePoint by 9.9% in the third quarter. Schonfeld Strategic Advisors LLC now owns 14,578 shares of the company’s stock valued at $219,000 after purchasing an additional 1,314 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in AvePoint by 2.0% in the second quarter. The Manufacturers Life Insurance Company now owns 69,271 shares of the company’s stock valued at $1,338,000 after purchasing an additional 1,378 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey boosted its stake in shares of AvePoint by 5.4% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 30,137 shares of the company’s stock valued at $582,000 after purchasing an additional 1,539 shares in the last quarter. 44.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on AVPT shares. DA Davidson reduced their price target on AvePoint from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. Citigroup dropped their price objective on shares of AvePoint from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Monday, March 2nd. Cantor Fitzgerald reduced their target price on shares of AvePoint from $18.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Jefferies Financial Group decreased their price target on shares of AvePoint from $20.00 to $16.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AvePoint in a research note on Monday, December 29th. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, AvePoint presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.11.

AvePoint Trading Down 6.2%

Shares of AVPT stock opened at $9.61 on Wednesday. AvePoint, Inc. has a 1-year low of $9.59 and a 1-year high of $20.25. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 60.07 and a beta of 1.12. The stock has a 50-day moving average of $11.07 and a 200-day moving average of $13.05.

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

Insider Activity

In other news, Chairman Xunkai Gong sold 32,002 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The shares were 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 in the company, valued at approximately $204,198,777.56. The trade was a 0.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 22.66% 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.