Scalar Gauge Management LLC Decreases Stock Position in AvePoint, Inc. $AVPT

Scalar Gauge Management LLC lessened its stake in AvePoint, Inc. (NASDAQ:AVPT) by 28.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 215,384 shares of the company’s stock after selling 85,400 shares during the period. AvePoint comprises about 2.4% of Scalar Gauge Management LLC’s holdings, making the stock its 15th largest holding. Scalar Gauge Management LLC owned approximately 0.11% of AvePoint worth $4,159,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC lifted its position in AvePoint by 109.4% in the first quarter. CWM LLC now owns 7,328 shares of the company’s stock valued at $106,000 after purchasing an additional 3,829 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of AvePoint by 1,421.4% in the first quarter. Victory Capital Management Inc. now owns 189,770 shares of the company’s stock worth $2,740,000 after buying an additional 177,297 shares during the period. Allianz Asset Management GmbH purchased a new position in shares of AvePoint in the first quarter worth $362,000. Y Intercept Hong Kong Ltd bought a new stake in AvePoint during the 1st quarter valued at $206,000. Finally, Cetera Investment Advisers purchased a new stake in AvePoint during the 1st quarter valued at $556,000. 44.49% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other AvePoint news, Director John Chi On Ho sold 650,000 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $15.21, for a total value of $9,886,500.00. Following the completion of the transaction, the director owned 3,732,679 shares in the company, valued at approximately $56,774,047.59. This represents a 14.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Xunkai Gong sold 18,321 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $13.80, for a total value of $252,829.80. Following the transaction, the chairman directly owned 15,040,668 shares of the company’s stock, valued at $207,561,218.40. This represents a 0.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 5,720,780 shares of company stock valued at $86,945,866 over the last ninety days. Company insiders own 26.19% of the company’s stock.

AvePoint Trading Down 1.3%

Shares of NASDAQ AVPT opened at $12.60 on Tuesday. AvePoint, Inc. has a 1 year low of $11.49 and a 1 year high of $20.25. The company’s 50-day moving average is $14.32 and its 200 day moving average is $16.58.

AvePoint (NASDAQ:AVPT) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.06 earnings per share 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 for the quarter, compared to the consensus estimate of $105.72 million. AvePoint has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, research analysts anticipate that AvePoint, Inc. will post -0.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AVPT has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of AvePoint from a “hold” rating to a “buy” rating in a research report on Sunday, November 9th. Evercore ISI cut their target price on AvePoint from $22.00 to $18.00 and set an “outperform” rating on the stock in a research note on Friday, November 7th. DA Davidson initiated coverage on AvePoint in a report on Monday, September 22nd. They set a “buy” rating and a $20.00 price target on the stock. Baird R W upgraded AvePoint to a “hold” rating in a report on Monday, October 27th. Finally, Cantor Fitzgerald cut their price objective on AvePoint from $22.50 to $18.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $19.03.

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.