Stephens Upgrades AvePoint (NASDAQ:AVPT) to “Strong-Buy”

AvePoint (NASDAQ:AVPT) was upgraded by equities researchers at Stephens to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Several other brokerages have also recently commented on AVPT. Robert W. Baird started coverage on AvePoint in a research report on Monday, October 27th. They issued a “neutral” rating and a $17.00 target price for the company. Baird R W raised AvePoint to a “hold” rating in a research note on Monday, October 27th. Dbs Bank raised AvePoint to a “moderate buy” rating in a research note on Monday, October 6th. Zacks Research upgraded AvePoint from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. Finally, Cantor Fitzgerald decreased their price target on shares of AvePoint from $22.50 to $18.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Three analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $18.94.

AvePoint Trading Down 0.4%

Shares of AVPT opened at $13.97 on Monday. The company has a 50-day moving average of $13.51 and a two-hundred day moving average of $15.59. AvePoint has a one year low of $11.49 and a one year high of $20.25.

AvePoint (NASDAQ:AVPT) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). AvePoint had a net margin of 0.55% and a return on equity of 0.66%. The firm had revenue of $109.73 million during the quarter, compared to analysts’ expectations of $105.72 million. Equities analysts forecast that AvePoint will post -0.03 EPS for the current year.

Insider Transactions at AvePoint

In other news, Chairman Xunkai Gong sold 18,321 shares of AvePoint stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $13.80, for a total transaction of $252,829.80. Following the completion of the sale, the chairman directly owned 15,040,668 shares in the company, valued at $207,561,218.40. The trade was a 0.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian Michael Brown sold 1,848 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $15.03, for a total value of $27,775.44. Following the completion of the sale, the insider directly owned 631,893 shares of the company’s stock, valued at approximately $9,497,351.79. The trade was a 0.29% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 121,848 shares of company stock valued at $1,780,086 over the last ninety days. Company insiders own 26.19% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AVPT. ProShare Advisors LLC lifted its stake in shares of AvePoint by 1.7% in the 2nd quarter. ProShare Advisors LLC now owns 37,656 shares of the company’s stock valued at $727,000 after purchasing an additional 638 shares during the last quarter. US Bancorp DE lifted its position in shares of AvePoint by 11.2% in the third quarter. US Bancorp DE now owns 7,962 shares of the company’s stock worth $120,000 after buying an additional 800 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of AvePoint by 68.4% in the second quarter. Advisors Asset Management Inc. now owns 2,263 shares of the company’s stock worth $44,000 after buying an additional 919 shares during the last quarter. ANB Bank boosted its stake in shares of AvePoint by 7.3% during the 2nd quarter. ANB Bank now owns 19,338 shares of the company’s stock worth $373,000 after acquiring an additional 1,309 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its holdings in shares of AvePoint by 9.9% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 14,578 shares of the company’s stock valued at $219,000 after acquiring an additional 1,314 shares during the last quarter. Institutional investors own 44.49% of the company’s stock.

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.