Wellington Management Group LLP Acquires 1,433,299 Shares of AvePoint, Inc. $AVPT

Wellington Management Group LLP increased its holdings in shares of AvePoint, Inc. (NASDAQ:AVPT) by 106.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,776,579 shares of the company’s stock after purchasing an additional 1,433,299 shares during the quarter. Wellington Management Group LLP owned approximately 1.31% of AvePoint worth $31,125,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of AvePoint by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 17,404,543 shares of the company’s stock valued at $241,749,000 after buying an additional 195,404 shares during the last quarter. Quantinno Capital Management LP grew its stake in AvePoint by 307.0% during the first quarter. Quantinno Capital Management LP now owns 109,317 shares of the company’s stock valued at $1,040,000 after acquiring an additional 82,457 shares in the last quarter. Y Intercept Hong Kong Ltd increased its holdings in AvePoint by 83.2% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 232,250 shares of the company’s stock valued at $2,209,000 after acquiring an additional 105,471 shares during the last quarter. Renaissance Technologies LLC increased its holdings in AvePoint by 16.4% in the 1st quarter. Renaissance Technologies LLC now owns 2,580,153 shares of the company’s stock valued at $24,537,000 after acquiring an additional 363,200 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in AvePoint by 25.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,264,082 shares of the company’s stock worth $31,040,000 after purchasing an additional 666,422 shares in the last quarter. 44.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Wall Street Zen downgraded AvePoint from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings upgraded AvePoint from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Evercore reaffirmed an “outperform” rating and issued a $16.00 price objective on shares of AvePoint in a research note on Friday, August 7th. The Goldman Sachs Group reiterated a “neutral” rating and set a $14.00 target price on shares of AvePoint in a research report on Wednesday, May 13th. Finally, Zacks Research cut shares of AvePoint from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $16.44.

Insider Activity

In related news, insider Brian Brown sold 60,000 shares of AvePoint stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $14.20, for a total transaction of $852,000.00. Following the completion of the transaction, the insider directly owned 384,604 shares of the company’s stock, valued at approximately $5,461,376.80. The trade was a 13.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 80,000 shares of company stock valued at $1,115,696. 22.66% of the stock is currently owned by company insiders.

AvePoint Stock Performance

NASDAQ AVPT opened at $13.43 on Friday. The company has a market cap of $2.84 billion, a P/E ratio of 41.97 and a beta of 1.19. The business’s 50 day moving average price is $12.90 and its 200-day moving average price is $11.20. AvePoint, Inc. has a fifty-two week low of $8.84 and a fifty-two week high of $16.77.

AvePoint (NASDAQ:AVPT) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. The company had revenue of $124.50 million during the quarter, compared to the consensus estimate of $121.38 million. AvePoint had a return on equity of 15.97% and a net margin of 15.33%. As a group, equities analysts predict that AvePoint, Inc. will post 0.25 EPS for the current year.

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.