Jennison Associates LLC Increases Stock Position in AvePoint, Inc. $AVPT

Jennison Associates LLC lifted its position in shares of AvePoint, Inc. (NASDAQ:AVPT) by 11.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,173,280 shares of the company’s stock after purchasing an additional 417,625 shares during the period. Jennison Associates LLC’s holdings in AvePoint were worth $57,967,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC purchased a new stake in AvePoint in the 3rd quarter valued at about $26,000. Aster Capital Management DIFC Ltd boosted its stake in shares of AvePoint by 698.8% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 2,069 shares of the company’s stock worth $31,000 after buying an additional 1,810 shares during the last quarter. Vestcor Inc bought a new position in shares of AvePoint in the third quarter valued at approximately $45,000. EverSource Wealth Advisors LLC grew its holdings in shares of AvePoint by 6,111.6% in the second quarter. EverSource Wealth Advisors LLC now owns 5,342 shares of the company’s stock valued at $103,000 after acquiring an additional 5,256 shares in the last quarter. Finally, KBC Group NV increased its position in shares of AvePoint by 101.5% during the fourth quarter. KBC Group NV now owns 6,356 shares of the company’s stock valued at $88,000 after acquiring an additional 3,202 shares during the last quarter. 44.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AVPT has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of AvePoint in a report on Friday, March 27th. William Blair reaffirmed a “market perform” rating on shares of AvePoint in a research report on Monday, March 23rd. Zacks Research cut AvePoint from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 9th. B. Riley Financial cut their price target on shares of AvePoint from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Monday, February 2nd. Finally, Citigroup reduced their price target on shares of AvePoint from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Monday, March 2nd. Ten investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $17.11.

AvePoint Trading Down 1.7%

Shares of NASDAQ AVPT opened at $9.75 on Friday. The stock has a fifty day simple moving average of $10.11 and a two-hundred day simple moving average of $12.02. AvePoint, Inc. has a 1-year low of $8.84 and a 1-year high of $20.25. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 60.94 and a beta of 1.20.

AvePoint (NASDAQ:AVPT) last issued its earnings results on Thursday, February 26th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). AvePoint had a net margin of 8.34% and a return on equity of 8.19%. The firm had revenue of $114.69 million during the quarter, compared to the consensus estimate of $110.94 million. Analysts forecast that AvePoint, Inc. will post 0.16 EPS for the current year.

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.