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

by · The Markets Daily

AvePoint, Inc. (NASDAQ:AVPT – Get Free Report) insider Brian Brown sold 10,000 shares of AvePoint stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $14.11, for a total value of $141,100.00. Following the sale, the insider directly owned 364,604 shares in the company, valued at $5,144,562.44. The trade was a 2.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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, September 23rd, Brian Brown sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $13.07, for a total transaction of $130,700.00.
  • On Thursday, August 27th, Brian Brown sold 60,000 shares of AvePoint stock. The shares were sold at an average price of $14.20, for a total transaction of $852,000.00.
  • On Monday, August 24th, Brian Brown sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $13.30, for a total transaction of $133,000.00.
  • On Wednesday, July 29th, Brian Brown sold 5,176 shares of AvePoint stock. The stock was sold at an average price of $13.06, for a total transaction of $67,598.56.
  • On Tuesday, July 28th, Brian Brown sold 4,824 shares of AvePoint stock. The stock was sold at an average price of $13.08, for a total transaction of $63,097.92.

AvePoint Price Performance

Shares of AvePoint stock traded down $0.01 on Friday, hitting $14.07. The company had a trading volume of 1,926,960 shares, compared to its average volume of 2,071,469. The business has a 50-day simple moving average of $13.29 and a 200-day simple moving average of $11.57. The company has a market cap of $2.98 billion, a PE ratio of 43.97 and a beta of 1.17. AvePoint, Inc. has a 52 week low of $8.84 and a 52 week high of $15.58.

AvePoint (NASDAQ:AVPT – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.04. The business had revenue of $124.50 million for the quarter, compared to analyst estimates of $121.38 million. AvePoint had a net margin of 15.33% and a return on equity of 15.97%. On average, equities research analysts predict that AvePoint, Inc. will post 0.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its stake in shares of AvePoint by 25.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,264,082 shares of the company’s stock worth $31,040,000 after acquiring an additional 666,422 shares in the last quarter. Wellington Management Group LLP raised its position in shares of AvePoint by 106.7% during the second quarter. Wellington Management Group LLP now owns 2,776,579 shares of the company’s stock worth $31,125,000 after purchasing an additional 1,433,299 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of AvePoint by 25.0% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,675,587 shares of the company’s stock valued at $25,445,000 after purchasing an additional 535,015 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of AvePoint by 16.4% in the 1st quarter. Renaissance Technologies LLC now owns 2,580,153 shares of the company’s stock valued at $24,537,000 after purchasing an additional 363,200 shares during the period. Finally, SG Americas Securities LLC boosted its position in shares of AvePoint by 335.2% in the 1st quarter. SG Americas Securities LLC now owns 2,391,696 shares of the company’s stock valued at $22,745,000 after purchasing an additional 1,842,124 shares during the period. Institutional investors own 44.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AVPT. Citigroup reissued a “neutral” rating on shares of AvePoint in a research note on Wednesday, August 12th. Stephens lifted their target price on AvePoint from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Monday, September 21st. TD Cowen lifted their target price on AvePoint from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Cantor Fitzgerald reiterated an “overweight” rating on shares of AvePoint in a research report on Tuesday, September 22nd. Finally, Evercore reissued an “outperform” rating and issued a $16.00 price target on shares of AvePoint in a report on Friday, August 7th. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $16.36.

Get Our Latest Stock Report on AVPT

AvePoint Company Profile

(Get Free Report)

AvePoint, Inc (NASDAQ: AVPT) provides data-management, governance and protection solutions for organizations using cloud collaboration platforms. Its products are designed to help businesses migrate, manage, protect and optimize data across services such as Microsoft 365, SharePoint, Dynamics 365 and Salesforce.

The company’s offerings include cloud backup and recovery, data migration, records and information management, compliance, security and workspace governance. AvePoint delivers these capabilities through its cloud-based platform and related software, helping organizations manage data throughout its lifecycle while supporting collaboration and regulatory requirements.

Founded in 2001, AvePoint serves customers globally across a range of industries, including public-sector organizations, education, healthcare and commercial enterprises.

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