AvePoint (NASDAQ:AVPT) Sets New 12-Month Low Following Analyst Downgrade

AvePoint, Inc. (NASDAQ:AVPT) hit a new 52-week low during mid-day trading on Tuesday after B. Riley lowered their price target on the stock from $25.00 to $22.00. B. Riley currently has a buy rating on the stock. AvePoint traded as low as $11.28 and last traded at $11.22, with a volume of 63634 shares trading hands. The stock had previously closed at $11.70.

Several other equities research analysts also recently issued reports on AVPT. Wall Street Zen upgraded AvePoint from a “hold” rating to a “buy” rating in a report on Sunday, November 9th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AvePoint in a research report on Monday, December 29th. Zacks Research cut AvePoint from a “strong-buy” rating to a “hold” rating in a report on Friday, January 9th. Cantor Fitzgerald cut their target price on AvePoint from $22.50 to $18.00 and set an “overweight” rating on the stock in a research note on Friday, November 7th. Finally, Robert W. Baird raised shares of AvePoint to a “hold” rating in a research report on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.39.

Insider Activity at AvePoint

In related news, Chairman Xunkai Gong sold 32,002 shares of the stock in a transaction on Monday, January 12th. The stock was sold at an average price of $13.66, for a total value of $437,147.32. Following the sale, the chairman owned 14,948,666 shares in the company, valued at approximately $204,198,777.56. This represents a 0.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 26.19% of the company’s stock.

Institutional Trading of AvePoint

Several hedge funds and other institutional investors have recently modified their holdings of AVPT. Global Retirement Partners LLC acquired a new stake in AvePoint during the third quarter worth approximately $26,000. Aster Capital Management DIFC Ltd boosted its stake in AvePoint by 698.8% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 2,069 shares of the company’s stock valued at $31,000 after purchasing an additional 1,810 shares during the period. Advisors Asset Management Inc. grew 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 valued at $44,000 after buying an additional 919 shares in the last quarter. Vestcor Inc bought a new position in AvePoint during the 3rd quarter worth $45,000. Finally, KBC Group NV lifted its holdings in shares of AvePoint by 101.5% during the fourth quarter. KBC Group NV now owns 6,356 shares of the company’s stock worth $88,000 after buying an additional 3,202 shares in the last quarter. Institutional investors own 44.49% of the company’s stock.

AvePoint Trading Down 5.6%

The stock has a fifty day moving average price of $13.23 and a two-hundred day moving average price of $14.62.

AvePoint (NASDAQ:AVPT) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The business 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%. Research analysts forecast that AvePoint, Inc. will post -0.03 EPS for the current fiscal year.

AvePoint Company Profile

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.