AvePoint (NASDAQ:AVPT) Insider Brian Michael Brown Sells 10,000 Shares of Stock

AvePoint, Inc. (NASDAQ:AVPT) insider Brian Michael Brown sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $13.30, for a total value of $133,000.00. Following the completion of the sale, the insider directly owned 444,604 shares of the company’s stock, valued at approximately $5,913,233.20. The trade was a 2.20% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, July 29th, Brian Michael Brown sold 5,176 shares of AvePoint stock. The stock was sold at an average price of $13.06, for a total value of $67,598.56.
• On Tuesday, July 28th, Brian Michael Brown sold 4,824 shares of AvePoint stock. The stock was sold at an average price of $13.08, for a total value of $63,097.92.

AvePoint Stock Up 1.1%

Shares of AVPT stock opened at $13.21 on Thursday. AvePoint, Inc. has a 12 month low of $8.84 and a 12 month high of $16.77. The business’s 50 day moving average is $12.43 and its two-hundred day moving average is $11.06. The company has a market cap of $2.79 billion, a PE ratio of 41.28 and a beta of 1.16.

AvePoint (NASDAQ:AVPT) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.12 EPS 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 business had revenue of $124.50 million for the quarter, compared to analyst estimates of $121.38 million. As a group, equities analysts expect that AvePoint, Inc. will post 0.25 EPS for the current fiscal year.

Institutional Investors Weigh In On AvePoint

A number of hedge funds and other institutional investors have recently bought and sold shares of AVPT. AQR Capital Management LLC grew its holdings in shares of AvePoint by 118.5% during the first quarter. AQR Capital Management LLC now owns 323,055 shares of the company’s stock worth $4,665,000 after purchasing an additional 175,194 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of AvePoint by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,639 shares of the company’s stock valued at $1,107,000 after buying an additional 3,340 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of AvePoint in the first quarter valued at about $276,000. Goldman Sachs Group Inc. lifted its position in AvePoint by 11.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 759,647 shares of the company’s stock worth $10,969,000 after buying an additional 76,403 shares in the last quarter. Finally, Focus Partners Wealth acquired a new position in AvePoint during the 1st quarter worth about $737,000. 44.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AVPT has been the topic of several research analyst reports. Weiss Ratings upgraded shares of AvePoint from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Wall Street Zen downgraded shares of AvePoint from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Scotiabank upped their price objective on shares of AvePoint from $12.00 to $15.00 and gave the company a “sector outperform” rating in a research report on Friday, August 7th. TD Cowen increased their target price on shares of AvePoint from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Evercore restated an “outperform” rating and set a $16.00 price target on shares of AvePoint in a research note on Friday, August 7th. Ten research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.44.

About AvePoint

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.