Xunkai Gong Sells 27,998 Shares of AvePoint (NASDAQ:AVPT) Stock

AvePoint, Inc. (NASDAQ:AVPT) Chairman Xunkai Gong sold 27,998 shares of the company’s stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $13.39, for a total value of $374,893.22. Following the completion of the transaction, the chairman directly owned 14,920,668 shares of the company’s stock, valued at $199,787,744.52. This represents a 0.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, January 12th, Xunkai Gong sold 32,002 shares of AvePoint stock. The stock was sold at an average price of $13.66, for a total transaction of $437,147.32.
• On Tuesday, November 4th, Xunkai Gong sold 18,321 shares of AvePoint stock. The stock was sold at an average price of $13.80, for a total transaction 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 transaction of $581,838.84.

AvePoint Trading Up 0.3%

Shares of NASDAQ:AVPT opened at $13.05 on Friday. AvePoint, Inc. has a 52 week low of $11.49 and a 52 week high of $20.25. The firm’s fifty day moving average is $13.33 and its 200-day moving average is $15.20.

AvePoint (NASDAQ:AVPT) last posted 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 company had revenue of $109.73 million during the quarter, compared to analyst estimates of $105.72 million. AvePoint had a net margin of 0.55% and a return on equity of 0.66%. As a group, equities analysts expect that AvePoint, Inc. will post -0.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Global Retirement Partners LLC bought a new position in AvePoint during the third quarter worth $26,000. Aster Capital Management DIFC Ltd raised its holdings in shares of AvePoint by 698.8% during the third 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 period. Advisors Asset Management Inc. boosted its position in shares of AvePoint by 68.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,263 shares of the company’s stock worth $44,000 after purchasing an additional 919 shares in the last quarter. Vestcor Inc acquired a new stake in shares of AvePoint in the 3rd quarter valued at about $45,000. Finally, RiverPark Advisors LLC acquired a new stake in shares of AvePoint in the 2nd quarter valued at about $103,000. Institutional investors and hedge funds own 44.49% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on AVPT shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AvePoint in a research note on Monday, December 29th. Zacks Research downgraded shares of AvePoint from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 9th. Robert W. Baird began coverage on shares of AvePoint in a research note on Monday, October 27th. They issued a “neutral” rating and a $17.00 price objective on the stock. Cantor Fitzgerald lowered their target price on shares of AvePoint from $22.50 to $18.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Finally, Morgan Stanley set a $18.30 target price on shares of AvePoint in a report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, AvePoint currently has a consensus rating of “Moderate Buy” and an average price target of $18.66.

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.