AvePoint, Inc. (NASDAQ:AVPT) Given Average Rating of “Moderate Buy” by Analysts

Shares of AvePoint, Inc. (NASDAQ:AVPT) have been assigned an average recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $19.03.

Several brokerages have recently weighed in on AVPT. Morgan Stanley set a $18.30 price target on shares of AvePoint in a research report on Monday, October 20th. Wall Street Zen raised shares of AvePoint from a “hold” rating to a “buy” rating in a research note on Sunday, November 9th. Baird R W raised AvePoint to a “hold” rating in a research report on Monday, October 27th. B. Riley assumed coverage on AvePoint in a report on Tuesday, August 26th. They issued a “buy” rating and a $25.00 price target on the stock. Finally, Cantor Fitzgerald decreased their price objective on AvePoint from $22.50 to $18.00 and set an “overweight” rating for the company in a research note on Friday, November 7th.

AvePoint Price Performance

AVPT opened at $13.02 on Monday. AvePoint has a 12-month low of $11.49 and a 12-month high of $20.25. The business’s fifty day simple moving average is $14.72 and its 200-day simple moving average is $16.76.

AvePoint (NASDAQ:AVPT) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The business 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%. AvePoint has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts predict that AvePoint will post -0.03 earnings per share for the current fiscal year.

Insider Buying and Selling at AvePoint

In related news, Chairman Xunkai Gong sold 18,321 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $13.80, for a total transaction of $252,829.80. Following the completion of the sale, the chairman owned 15,040,668 shares of the company’s stock, valued at $207,561,218.40. This represents a 0.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John Chi On Ho sold 650,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $15.21, for a total transaction of $9,886,500.00. Following the completion of the sale, the director owned 3,732,679 shares of the company’s stock, valued at approximately $56,774,047.59. This trade represents a 14.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 5,755,780 shares of company stock valued at $87,487,316. 26.19% of the stock is currently owned by insiders.

Institutional Trading of AvePoint

Hedge funds and other institutional investors have recently made changes to their positions in the business. Invesco Ltd. grew its stake in AvePoint by 218.0% during the 2nd quarter. Invesco Ltd. now owns 5,335,882 shares of the company’s stock worth $103,036,000 after buying an additional 3,657,692 shares during the last quarter. Parsifal Capital Management LP boosted its holdings in AvePoint by 61.2% in the third quarter. Parsifal Capital Management LP now owns 8,522,740 shares of the company’s stock worth $127,926,000 after acquiring an additional 3,235,384 shares in the last quarter. Jennison Associates LLC purchased a new stake in shares of AvePoint during the first quarter worth about $30,648,000. Prudential PLC acquired a new position in shares of AvePoint during the third quarter valued at about $26,824,000. Finally, Millennium Management LLC raised its position in shares of AvePoint by 104.3% in the 1st quarter. Millennium Management LLC now owns 2,058,092 shares of the company’s stock valued at $29,719,000 after purchasing an additional 1,050,500 shares during the last quarter. Hedge funds and other institutional investors own 44.49% of the company’s stock.

About AvePoint

AvePoint, Inc provides cloud-native data management software platform in North America, Europe, Middle East, Africa, and Asia Pacific. It also offers software-as-a-service solutions and productivity applications. The company offers modularity and cloud services architecture to address critical challenges and the management of data to organizations that leverage third-party cloud vendors, including Microsoft, Salesforce, Google, AWS, Box, DropBox, and others; license and support; and maintenance services.