Insider Selling: AvePoint (NASDAQ:AVPT) Insider Sells $574,700.00 in Stock

AvePoint, Inc. (NASDAQ:AVPT) insider Brian Brown sold 35,000 shares of the business’s stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $16.42, for a total transaction of $574,700.00. Following the completion of the transaction, the insider owned 224,604 shares of the company’s stock, valued at $3,687,997.68. This represents a 13.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, October 20th, Brian Brown sold 72,606 shares of AvePoint stock. The shares were sold at an average price of $15.26, for a total transaction of $1,107,967.56.
• On Friday, October 16th, Brian Brown sold 3,500 shares of AvePoint stock. The shares were sold at an average price of $15.20, for a total transaction of $53,200.00.
• On Tuesday, October 6th, Brian Brown sold 28,894 shares of AvePoint stock. The stock was sold at an average price of $15.15, for a total transaction of $437,744.10.
• On Wednesday, September 30th, Brian Brown sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $14.11, for a total transaction of $141,100.00.
• On Wednesday, September 23rd, Brian Brown sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $13.07, for a total transaction of $130,700.00.
• On Thursday, August 27th, Brian Brown sold 60,000 shares of AvePoint stock. The stock was sold at an average price of $14.20, for a total transaction of $852,000.00.
• On Monday, August 24th, Brian Brown sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $13.30, for a total transaction of $133,000.00.
• On Wednesday, July 29th, Brian Brown sold 5,176 shares of AvePoint stock. The shares were sold at an average price of $13.06, for a total transaction of $67,598.56.
• On Tuesday, July 28th, Brian Brown sold 4,824 shares of AvePoint stock. The shares were sold at an average price of $13.08, for a total transaction of $63,097.92.

AvePoint Trading Up 4.5%

Shares of AVPT opened at $17.20 on Thursday. AvePoint, Inc. has a 12 month low of $8.84 and a 12 month high of $17.47. The stock has a fifty day moving average price of $14.06 and a 200-day moving average price of $11.87. The firm has a market cap of $3.64 billion, a PE ratio of 53.75 and a beta of 1.17.

AvePoint (NASDAQ:AVPT) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. AvePoint had a return on equity of 15.97% and a net margin of 15.33%. The firm had revenue of $124.50 million during the quarter, compared to analysts’ expectations of $121.38 million. As a group, research analysts forecast that AvePoint, Inc. will post 0.25 EPS for the current year.

Institutional Trading of AvePoint

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AVPT. D.A. Davidson & CO. boosted its position in AvePoint by 3.4% in the third quarter. D.A. Davidson & CO. now owns 60,710 shares of the company’s stock valued at $855,000 after buying an additional 2,015 shares during the last quarter. Pinnacle Wealth Planning Services Inc. increased its holdings in AvePoint by 44,650.0% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 11,635 shares of the company’s stock worth $164,000 after buying an additional 11,609 shares during the period. Smith Group Asset Management LLC increased its holdings in AvePoint by 1.6% in the 3rd quarter. Smith Group Asset Management LLC now owns 63,622 shares of the company’s stock worth $896,000 after buying an additional 984 shares during the period. Signaturefd LLC increased its holdings in AvePoint by 21.2% in the 3rd quarter. Signaturefd LLC now owns 5,739 shares of the company’s stock worth $81,000 after buying an additional 1,005 shares during the period. Finally, Sterling Capital Management LLC raised its position in AvePoint by 822.1% during the 3rd quarter. Sterling Capital Management LLC now owns 5,496 shares of the company’s stock worth $77,000 after buying an additional 4,900 shares during the last quarter. Institutional investors and hedge funds own 44.49% of the company’s stock.

Analysts Set New Price Targets

AVPT has been the topic of several recent analyst reports. TD Cowen upped their price objective on shares of AvePoint from $14.00 to $15.00 and gave the company a “buy” rating in a report on Friday, August 7th. Zacks Research cut shares of AvePoint from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Phillip Securities upgraded shares of AvePoint to a “moderate buy” rating in a research note on Monday, October 5th. Scotiabank boosted their target price on shares of AvePoint from $12.00 to $15.00 and gave the stock a “sector outperform” rating in a research report on Friday, August 7th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of AvePoint in a research note on Tuesday, September 22nd. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, AvePoint currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.55.

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.