Brian Michael Brown Sells 20,000 Shares of AvePoint, Inc. (NASDAQ:AVPT) Stock

AvePoint, Inc. (NASDAQ:AVPT) insider Brian Michael Brown sold 20,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $7.86, for a total transaction of $157,200.00. Following the transaction, the insider now owns 1,351,240 shares in the company, valued at $10,620,746.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Brian Michael Brown also recently made the following trade(s):

• On Friday, March 1st, Brian Michael Brown sold 20,000 shares of AvePoint stock. The shares were sold at an average price of $8.11, for a total transaction of $162,200.00.

AvePoint Trading Up 2.4 %

Shares of AVPT stock traded up $0.19 during trading hours on Thursday, hitting $8.04. The company’s stock had a trading volume of 392,008 shares, compared to its average volume of 811,355. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of -66.41 and a beta of 0.84. The business has a fifty day moving average of $7.85 and a 200-day moving average of $7.92. AvePoint, Inc. has a twelve month low of $4.36 and a twelve month high of $8.61.

AvePoint (NASDAQ:AVPT) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). The firm had revenue of $74.60 million for the quarter, compared to analysts’ expectations of $71.57 million. AvePoint had a negative net margin of 7.94% and a negative return on equity of 9.94%. The business’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.07) EPS. On average, equities analysts expect that AvePoint, Inc. will post -0.15 EPS for the current fiscal year.

Hedge Funds Weigh In On AvePoint

Several institutional investors and hedge funds have recently modified their holdings of the company. Strs Ohio lifted its stake in shares of AvePoint by 3.9% during the fourth quarter. Strs Ohio now owns 88,400 shares of the company’s stock valued at $725,000 after buying an additional 3,300 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in AvePoint by 16.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,782 shares of the company’s stock worth $236,000 after purchasing an additional 4,005 shares during the period. Arete Wealth Advisors LLC raised its stake in AvePoint by 21.6% during the third quarter. Arete Wealth Advisors LLC now owns 23,900 shares of the company’s stock worth $161,000 after purchasing an additional 4,250 shares during the period. Arizona State Retirement System raised its stake in AvePoint by 16.1% during the fourth quarter. Arizona State Retirement System now owns 31,097 shares of the company’s stock worth $255,000 after purchasing an additional 4,303 shares during the period. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of AvePoint in the 4th quarter valued at $47,000. Hedge funds and other institutional investors own 44.49% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on AVPT. Cantor Fitzgerald increased their price target on shares of AvePoint from $10.00 to $11.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Evercore ISI increased their price target on shares of AvePoint from $9.00 to $10.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Finally, Citigroup increased their price target on shares of AvePoint from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Wednesday, January 10th.

About AvePoint

AvePoint, Inc provides cloud-native data management software platform in North America, Europe, Middle East, Africa, and Asia Pacific. It also offers software-as-a-service solutions and productivity applications. The company offers modularity and cloud services architecture to address critical challenges and the management of data to organizations that leverage third-party cloud vendors, including Microsoft, Salesforce, Google, AWS, Box, DropBox, and others; license and support; and maintenance services.