AvePoint (NASDAQ:AVPT) Price Target Raised to $18.00

AvePoint (NASDAQ:AVPT) had its target price lifted by TD Cowen from $15.00 to $18.00 in a research note released on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

AVPT has been the subject of a number of other research reports. DA Davidson restated a “buy” rating and set a $18.00 price target on shares of AvePoint in a report on Monday, July 6th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of AvePoint in a research report on Tuesday, September 22nd. Jefferies Financial Group upped their price objective on AvePoint from $16.00 to $20.00 and gave the company a “buy” rating in a report on Sunday, October 25th. Evercore reiterated an “outperform” rating and issued a $16.00 price objective on shares of AvePoint in a research report on Friday, August 7th. Finally, Scotiabank raised their target price on AvePoint from $12.00 to $15.00 and gave the stock a “sector outperform” rating in a research note on Friday, August 7th. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $16.82.

AvePoint Trading Down 2.8%

Shares of AVPT opened at $16.42 on Tuesday. AvePoint has a 12-month low of $8.84 and a 12-month high of $17.52. The firm has a 50-day moving average price of $14.50 and a 200 day moving average price of $11.98. The firm has a market capitalization of $3.47 billion, a P/E ratio of 51.31 and a beta of 1.13.

AvePoint (NASDAQ:AVPT) last issued its earnings results on Thursday, November 5th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The firm had revenue of $131.10 million for the quarter, compared to analysts’ expectations of $129.39 million. AvePoint had a return on equity of 15.97% and a net margin of 15.33%. Equities research analysts predict that AvePoint will post 0.25 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Brian Brown sold 35,000 shares of the business’s stock in a transaction on Friday, October 23rd. The stock was sold at an average price of $16.42, for a total value of $574,700.00. Following the sale, the insider owned 224,604 shares in the company, valued at approximately $3,687,997.68. The trade was a 13.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 230,000 shares of company stock valued at $3,430,412. 22.66% of the stock is currently owned by insiders.

Hedge Funds Weigh In On AvePoint

Several institutional investors have recently bought and sold shares of AVPT. Wellington Management Group LLP boosted its position in AvePoint by 106.7% in the 2nd quarter. Wellington Management Group LLP now owns 2,776,579 shares of the company’s stock valued at $31,125,000 after buying an additional 1,433,299 shares during the period. Bank of America Corp DE grew its stake in shares of AvePoint by 185.8% in the first quarter. Bank of America Corp DE now owns 1,253,662 shares of the company’s stock worth $11,922,000 after acquiring an additional 815,074 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of AvePoint during the second quarter worth $8,848,000. Dimensional Fund Advisors LP increased its position in shares of AvePoint by 25.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,264,082 shares of the company’s stock worth $31,040,000 after acquiring an additional 666,422 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of AvePoint by 25.0% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,675,587 shares of the company’s stock valued at $25,445,000 after acquiring an additional 535,015 shares in the last quarter. 44.49% of the stock is owned by institutional investors and hedge funds.

AvePoint News Summary

Here are the key news stories impacting AvePoint this week:

• Positive Sentiment: Third-quarter revenue was $131.1 million, up 19% year over year and above the $129.39 million consensus. SaaS revenue grew 26% to $105.5 million, while annual recurring revenue rose 27% to $495.1 million. AvePoint Announces Third Quarter 2026 Financial Results
• Positive Sentiment: AvePoint forecast 2026 revenue of $511.3 million to $513.3 million, slightly above FactSet’s $511 million estimate. AvePoint 2026 Revenue Outlook
• Positive Sentiment: Zacks reported quarterly earnings of $0.12 per share, ahead of its $0.08 consensus estimate and up from $0.10 a year earlier. AvePoint Q3 Earnings and Revenues Surpass Estimates
• Neutral Sentiment: AvePoint appointed Ali Rohani as Chief Strategy and Customer Officer, adding a new executive focused on strategy and customer relationships. AvePoint Appoints Ali Rohani
• Negative Sentiment: EPS reports were inconsistent: MarketBeat said AvePoint earned $0.08 per share, missing its $0.09 estimate, while Zacks reported $0.12 and a beat. The conflicting figures could create uncertainty around the earnings headline. MarketBeat AvePoint Earnings Coverage

AvePoint Company Profile

AvePoint, Inc (NASDAQ:AVPT) is a data management and governance software company that helps organizations protect, manage and modernize information across cloud, hybrid and on-premises environments. Its solutions are designed primarily for collaboration and productivity platforms, including Microsoft 365, SharePoint, Dynamics 365 and Salesforce.

The company’s product portfolio includes cloud backup and recovery, data migration, governance, security, compliance and administration tools.