AvePoint (NASDAQ:AVPT) Chairman Xunkai Gong Sells 32,002 Shares

by · The Cerbat Gem

AvePoint, Inc. (NASDAQ:AVPT – Get Free Report) Chairman Xunkai Gong sold 32,002 shares of the stock in a transaction on Monday, January 12th. The stock was sold at an average price of $13.66, for a total value of $437,147.32. Following the completion of the sale, the chairman owned 14,948,666 shares in the company, valued at $204,198,777.56. This trade represents a 0.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Xunkai Gong also recently made the following trade(s):

  • On Tuesday, January 13th, Xunkai Gong sold 27,998 shares of AvePoint stock. The stock was sold at an average price of $13.39, for a total value of $374,893.22.
  • On Tuesday, November 4th, Xunkai Gong sold 18,321 shares of AvePoint stock. The shares were sold at an average price of $13.80, for a total value of $252,829.80.
  • On Monday, November 3rd, Xunkai Gong sold 41,679 shares of AvePoint stock. The shares were sold at an average price of $13.96, for a total value of $581,838.84.

AvePoint Stock Down 3.6%

Shares of NASDAQ AVPT traded down $0.49 during midday trading on Wednesday, hitting $13.01. 1,674,167 shares of the company’s stock were exchanged, compared to its average volume of 2,075,434. The business’s fifty day moving average price is $13.37 and its two-hundred day moving average price is $15.23. AvePoint, Inc. has a 12-month low of $11.49 and a 12-month high of $20.25.

AvePoint (NASDAQ:AVPT – Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The company had revenue of $109.73 million during the quarter, compared to analysts’ expectations of $105.72 million. AvePoint had a return on equity of 0.66% and a net margin of 0.55%. Sell-side analysts expect that AvePoint, Inc. will post -0.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

AVPT has been the topic of several research reports. Baird R W raised shares of AvePoint to a “hold” rating in a research note on Monday, October 27th. Weiss Ratings reiterated a “hold (c-)” rating on shares of AvePoint in a report on Monday, December 29th. Dbs Bank upgraded AvePoint to a “moderate buy” rating in a report on Monday, October 6th. Zacks Research lowered AvePoint from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 9th. Finally, Wall Street Zen upgraded AvePoint from a “hold” rating to a “buy” rating in a research report on Sunday, November 9th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.66.

Read Our Latest Analysis on AVPT

AvePoint Company Profile

(Get Free Report)

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.

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