AvePoint (NASDAQ:AVPT) Chairman Sells $374,893.22 in Stock

AvePoint, Inc. (NASDAQ:AVPT) Chairman Xunkai Gong sold 27,998 shares of the firm’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $13.39, for a total transaction of $374,893.22. Following the completion of the sale, the chairman owned 14,920,668 shares of the company’s stock, valued at $199,787,744.52. The trade was a 0.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Xunkai Gong also recently made the following trade(s):

• On Monday, January 12th, Xunkai Gong sold 32,002 shares of AvePoint stock. The stock was sold at an average price of $13.66, for a total transaction of $437,147.32.
• On Tuesday, November 4th, Xunkai Gong sold 18,321 shares of AvePoint stock. The shares were sold at an average price of $13.80, for a total transaction of $252,829.80.
• On Monday, November 3rd, Xunkai Gong sold 41,679 shares of AvePoint stock. The stock was sold at an average price of $13.96, for a total transaction of $581,838.84.

AvePoint Stock Down 3.6%

AVPT traded down $0.49 during mid-day trading on Wednesday, reaching $13.01. The stock had a trading volume of 1,674,167 shares, compared to its average volume of 2,075,434. The firm’s fifty day simple moving average is $13.37 and its two-hundred day simple moving average is $15.23. AvePoint, Inc. has a 52 week low of $11.49 and a 52 week high of $20.25.

AvePoint (NASDAQ:AVPT) last released 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). The firm had revenue of $109.73 million for the quarter, compared to the consensus estimate of $105.72 million. AvePoint had a return on equity of 0.66% and a net margin of 0.55%. On average, analysts predict that AvePoint, Inc. will post -0.03 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Robert W. Baird initiated coverage on shares of AvePoint in a research note on Monday, October 27th. They set a “neutral” rating and a $17.00 price target for the company. Dbs Bank raised AvePoint to a “moderate buy” rating in a research note on Monday, October 6th. DA Davidson assumed coverage on AvePoint in a research report on Monday, September 22nd. They issued a “buy” rating and a $20.00 price target on the stock. Zacks Research downgraded AvePoint from a “strong-buy” rating to a “hold” rating in a report on Friday, January 9th. Finally, Morgan Stanley set a $18.30 target price on AvePoint in a report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.66.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in AvePoint by 4.3% in the third quarter. Vanguard Group Inc. now owns 17,209,139 shares of the company’s stock valued at $258,309,000 after acquiring an additional 704,825 shares during the period. Parsifal Capital Management LP raised its position in shares of AvePoint by 61.2% during the third quarter. Parsifal Capital Management LP now owns 8,522,740 shares of the company’s stock worth $127,926,000 after purchasing an additional 3,235,384 shares during the period. Invesco Ltd. lifted its holdings in shares of AvePoint by 218.0% during the 2nd quarter. Invesco Ltd. now owns 5,335,882 shares of the company’s stock valued at $103,036,000 after purchasing an additional 3,657,692 shares in the last quarter. Geode Capital Management LLC grew its position in shares of AvePoint by 6.1% in the 2nd quarter. Geode Capital Management LLC now owns 3,122,598 shares of the company’s stock valued at $60,304,000 after purchasing an additional 179,694 shares during the period. Finally, Jennison Associates LLC increased its stake in AvePoint by 37.0% during the 2nd quarter. Jennison Associates LLC now owns 2,908,473 shares of the company’s stock worth $56,163,000 after purchasing an additional 786,016 shares in the last quarter. 44.49% of the stock is currently owned by institutional investors.

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.