AvePoint (NASDAQ:AVPT) Releases Earnings Results, Misses Expectations By $0.01 EPS

AvePoint (NASDAQ:AVPT) issued its quarterly earnings results on Thursday. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01), FiscalAI reports. AvePoint had a return on equity of 15.97% and a net margin of 15.33%. The business had revenue of $131.10 million during the quarter, compared to the consensus estimate of $129.39 million.

Here are the key takeaways from AvePoint’s conference call:

• AvePoint reported record net new ARR of $30 million, up 34% year over year, with FX-adjusted ARR growth accelerating to 25%. Revenue was $131.1 million, up 20% on a constant-currency basis, and gross retention reached the company’s 90% target.
• Demand for AI governance is gaining traction: AgentPulse customers grew more than 50% sequentially and the number of agents it manages more than doubled. AvePoint said control bundles—which include AgentPulse—accounted for a rising share of new ARR, while the standalone AgentPulse offering is generating a strong pipeline.
• Management raised its full-year ARR outlook by $1 million at the midpoint to $524.8 million–$528.8 million, representing 26% growth. It also expects fourth-quarter revenue of $138.4 million–$140.4 million.
• Profitability and cash generation remained solid: GAAP operating margin expanded more than 130 basis points year over year to 8.7%, and operating cash flow was over $31 million in Q3. The company repurchased about $31 million of shares during the quarter and said it has approximately $89 million remaining in its buyback program.
• Investment in AI Trust capabilities is weighing on near-term margins: operating expenses rose to 56% of revenue from 53% a year ago, and gross margin fell to 72.8% from 75.1%, mainly due to lower services margins. Management said Q4 operating margin should improve sequentially but remain below the prior-year level as investment continues.

AvePoint Stock Down 2.8%

Shares of NASDAQ:AVPT traded down $0.48 on Thursday, hitting $16.42. 3,328,919 shares of the company traded hands, compared to its average volume of 3,880,960. The stock has a 50 day simple moving average of $14.50 and a 200-day simple moving average of $11.98. The company has a market cap of $3.47 billion, a PE ratio of 51.31 and a beta of 1.13. AvePoint has a 52 week low of $8.84 and a 52 week high of $17.52.

Insider Transactions at AvePoint

In related news, insider Brian Brown sold 72,606 shares of the stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $15.26, for a total transaction of $1,107,967.56. Following the sale, the insider directly owned 259,604 shares of the company’s stock, valued at approximately $3,961,557.04. This represents a 21.86% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 have sold 230,000 shares of company stock valued at $3,430,412. Insiders own 22.66% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on AVPT. TD Cowen boosted their price objective on shares of AvePoint from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday. BMO Capital Markets began coverage on shares of AvePoint in a research note on Tuesday, October 6th. They set an “outperform” rating and a $17.00 target price for the company. Phillip Securities upgraded shares of AvePoint to a “moderate buy” rating in a report on Monday, October 5th. Weiss Ratings raised AvePoint from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Finally, Jefferies Financial Group boosted their price target on AvePoint from $16.00 to $20.00 and gave the stock a “buy” rating in a research report on Sunday, October 25th. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.82.

Key AvePoint News

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

About AvePoint

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.