Healthcare of Ontario Pension Plan Trust Fund Increases Position in AvePoint, Inc. $AVPT

Healthcare of Ontario Pension Plan Trust Fund raised its position in AvePoint, Inc. (NASDAQ:AVPT) by 620.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,140,572 shares of the company’s stock after purchasing an additional 1,843,641 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned 0.99% of AvePoint worth $29,733,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Kestra Advisory Services LLC purchased a new stake in shares of AvePoint in the 4th quarter valued at approximately $28,000. Aster Capital Management DIFC Ltd increased its position 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 valued at $31,000 after purchasing an additional 1,810 shares during the last quarter. Vestcor Inc purchased a new stake in shares of AvePoint in the 3rd quarter valued at approximately $45,000. KBC Group NV increased its position in shares of AvePoint by 101.5% in the 4th quarter. KBC Group NV now owns 6,356 shares of the company’s stock valued at $88,000 after purchasing an additional 3,202 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of AvePoint by 6,111.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,342 shares of the company’s stock valued at $103,000 after purchasing an additional 5,256 shares during the last quarter. 44.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. DA Davidson dropped their price objective on shares of AvePoint from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, February 19th. Cantor Fitzgerald lowered their target price on shares of AvePoint from $18.00 to $15.00 and set an “overweight” rating for the company in a report on Friday, February 27th. William Blair restated a “market perform” rating on shares of AvePoint in a report on Monday, March 23rd. Scotiabank lowered their target price on shares of AvePoint from $13.00 to $12.00 and set a “sector outperform” rating for the company in a report on Friday, May 8th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of AvePoint in a report on Friday, March 27th. Ten investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.44.

AvePoint Price Performance

Shares of NASDAQ:AVPT opened at $10.90 on Tuesday. The stock has a market cap of $2.31 billion, a P/E ratio of 51.90 and a beta of 1.18. The firm has a fifty day moving average price of $10.22 and a 200 day moving average price of $11.31. AvePoint, Inc. has a 1-year low of $8.84 and a 1-year high of $19.95.

AvePoint (NASDAQ:AVPT) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The business had revenue of $117.24 million for the quarter, compared to analyst estimates of $116.43 million. AvePoint had a return on equity of 10.52% and a net margin of 10.55%. Sell-side analysts expect that AvePoint, Inc. will post 0.21 EPS for the current fiscal year.

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.