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

AvePoint, Inc. (NASDAQ:AVPT) Chairman Xunkai Gong sold 32,002 shares of the stock in a transaction on Monday, January 12th. The shares were sold at an average price of $13.66, for a total value of $437,147.32. Following the completion of the transaction, the chairman owned 14,948,666 shares of the company’s stock, valued at $204,198,777.56. This trade represents a 0.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, January 13th, Xunkai Gong sold 27,998 shares of AvePoint stock. The shares were 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 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 stock was sold at an average price of $13.96, for a total transaction of $581,838.84.

AvePoint Stock Performance

Shares of NASDAQ AVPT opened at $13.05 on Friday. The business’s 50-day moving average price is $13.33 and its two-hundred day moving average price is $15.20. AvePoint, Inc. has a one year low of $11.49 and a one year high of $20.25.

AvePoint (NASDAQ:AVPT) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $109.73 million for the quarter, compared to the consensus estimate of $105.72 million. AvePoint had a net margin of 0.55% and a return on equity of 0.66%. On average, sell-side analysts predict that AvePoint, Inc. will post -0.03 EPS for the current year.

Institutional Investors Weigh In On AvePoint

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in AvePoint by 4.3% in the 3rd quarter. Vanguard Group Inc. now owns 17,209,139 shares of the company’s stock valued at $258,309,000 after acquiring an additional 704,825 shares in the last quarter. Parsifal Capital Management LP increased its position in shares of AvePoint by 61.2% during the third quarter. Parsifal Capital Management LP now owns 8,522,740 shares of the company’s stock valued at $127,926,000 after purchasing an additional 3,235,384 shares during the period. Invesco Ltd. raised its stake in shares of AvePoint by 218.0% in the second quarter. Invesco Ltd. now owns 5,335,882 shares of the company’s stock valued at $103,036,000 after purchasing an additional 3,657,692 shares in the last quarter. Geode Capital Management LLC lifted its position in AvePoint by 6.1% in the second quarter. Geode Capital Management LLC now owns 3,122,598 shares of the company’s stock worth $60,304,000 after purchasing an additional 179,694 shares during the period. Finally, Jennison Associates LLC lifted its position in AvePoint by 37.0% in the second quarter. Jennison Associates LLC now owns 2,908,473 shares of the company’s stock worth $56,163,000 after purchasing an additional 786,016 shares during the period. 44.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Cantor Fitzgerald dropped their target price on shares of AvePoint from $22.50 to $18.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Wall Street Zen raised AvePoint from a “hold” rating to a “buy” rating in a research report on Sunday, November 9th. Dbs Bank raised AvePoint to a “moderate buy” rating in a research report on Monday, October 6th. Robert W. Baird began coverage on AvePoint in a research note on Monday, October 27th. They set a “neutral” rating and a $17.00 target price for the company. Finally, Baird R W raised AvePoint to a “hold” rating in a research report on Monday, October 27th. One 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.