AvePoint (NASDAQ:AVPT) Price Target Lowered to $15.00 at Citigroup

AvePoint (NASDAQ:AVPT) had its price objective reduced by Citigroup from $16.00 to $15.00 in a research note published on Tuesday,Benzinga reports. Citigroup currently has a neutral rating on the stock.

AVPT has been the subject of a number of other research reports. Wall Street Zen raised shares of AvePoint from a “hold” rating to a “buy” rating in a report on Sunday, November 9th. Morgan Stanley set a $18.30 price objective on shares of AvePoint in a research report on Monday, October 20th. Stephens assumed coverage on shares of AvePoint in a research note on Monday, December 29th. They issued an “overweight” rating and a $18.00 price objective for the company. Scotiabank decreased their target price on shares of AvePoint from $22.00 to $17.00 and set a “sector outperform” rating on the stock in a research note on Friday, November 7th. Finally, Robert W. Baird assumed coverage on AvePoint in a research note on Monday, October 27th. They issued a “neutral” rating and a $17.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $18.66.

AvePoint Stock Performance

NASDAQ AVPT opened at $13.50 on Tuesday. The business has a fifty day moving average price of $13.37 and a two-hundred day moving average price of $15.23. AvePoint has a fifty-two week low of $11.49 and a fifty-two week high of $20.25.

AvePoint (NASDAQ:AVPT) last posted 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 business had revenue of $109.73 million for the quarter, compared to analyst estimates of $105.72 million. AvePoint had a return on equity of 0.66% and a net margin of 0.55%. As a group, research analysts predict that AvePoint will post -0.03 EPS for the current fiscal year.

Insider Buying and Selling at AvePoint

In other news, Chairman Xunkai Gong sold 41,679 shares of AvePoint stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $13.96, for a total transaction of $581,838.84. Following the transaction, the chairman owned 15,058,989 shares in the company, valued at approximately $210,223,486.44. The trade was a 0.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian Michael Brown sold 1,848 shares of the stock in a transaction on Friday, October 24th. The shares were sold at an average price of $15.03, for a total value of $27,775.44. Following the completion of the sale, the insider owned 631,893 shares of the company’s stock, valued at $9,497,351.79. The trade was a 0.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 61,848 shares of company stock valued at $862,444 in the last ninety days. Insiders own 26.19% of the company’s stock.

Hedge Funds Weigh In On AvePoint

A number of hedge funds have recently made changes to their positions in the stock. Okabena Investment Services Inc. bought a new stake in shares of AvePoint in the 2nd quarter valued at $780,000. Next Century Growth Investors LLC lifted its holdings in AvePoint by 53.0% in the second quarter. Next Century Growth Investors LLC now owns 1,019,773 shares of the company’s stock valued at $19,692,000 after buying an additional 353,089 shares during the period. Quantbot Technologies LP lifted its holdings in AvePoint by 6,801.0% in the second quarter. Quantbot Technologies LP now owns 307,026 shares of the company’s stock valued at $5,929,000 after buying an additional 302,577 shares during the period. Jennison Associates LLC boosted its position in AvePoint by 37.0% during the second quarter. Jennison Associates LLC now owns 2,908,473 shares of the company’s stock valued at $56,163,000 after acquiring an additional 786,016 shares during the last quarter. Finally, EFG Asset Management North America Corp. grew its holdings in AvePoint by 136.1% during the 2nd quarter. EFG Asset Management North America Corp. now owns 163,066 shares of the company’s stock worth $3,150,000 after acquiring an additional 93,994 shares during the period. 44.49% of the stock is currently owned by institutional investors.

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.