EFG Asset Management North America Corp. Boosts Position in AvePoint, Inc. $AVPT

EFG Asset Management North America Corp. raised its holdings in shares of AvePoint, Inc. (NASDAQ:AVPT) by 26.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 206,576 shares of the company’s stock after acquiring an additional 43,510 shares during the period. EFG Asset Management North America Corp. owned approximately 0.10% of AvePoint worth $3,101,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Next Century Growth Investors LLC boosted 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 purchasing an additional 353,089 shares during the last quarter. Okabena Investment Services Inc. acquired a new position in shares of AvePoint in the 2nd quarter valued at about $780,000. Quantbot Technologies LP lifted its holdings in shares of AvePoint by 6,801.0% in the 2nd 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 stake in shares of 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 buying an additional 786,016 shares during the last quarter. Finally, Sierra Summit Advisors LLC acquired a new stake in AvePoint during the second quarter worth about $804,000. 44.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AVPT has been the subject of a number of analyst reports. Wall Street Zen raised AvePoint from a “hold” rating to a “buy” rating in a report on Sunday, November 9th. Dbs Bank raised shares of AvePoint to a “moderate buy” rating in a report on Monday, October 6th. Scotiabank lowered their price target on shares of AvePoint from $22.00 to $17.00 and set a “sector outperform” rating on the stock in a report on Friday, November 7th. Evercore ISI dropped their price target on shares of AvePoint from $22.00 to $18.00 and set an “outperform” rating on the stock in a research report on Friday, November 7th. Finally, Cantor Fitzgerald decreased their price objective on shares of AvePoint from $22.50 to $18.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, AvePoint has a consensus rating of “Moderate Buy” and a consensus price target of $18.66.

AvePoint Trading Down 3.3%

Shares of NASDAQ AVPT opened at $12.38 on Wednesday. The company’s 50-day simple moving average is $13.29 and its 200-day simple moving average is $14.81. AvePoint, Inc. has a 52-week low of $11.49 and a 52-week high of $20.25.

AvePoint (NASDAQ:AVPT) last released its quarterly earnings results 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). AvePoint had a return on equity of 0.66% and a net margin of 0.55%.The company had revenue of $109.73 million for the quarter, compared to analyst estimates of $105.72 million. Equities analysts expect that AvePoint, Inc. will post -0.03 EPS for the current fiscal year.

Insider Activity

In related news, Chairman Xunkai Gong sold 27,998 shares of the business’s stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $13.39, for a total transaction of $374,893.22. Following the completion of the sale, the chairman directly owned 14,920,668 shares in the company, valued at approximately $199,787,744.52. The trade was a 0.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 120,000 shares of company stock valued at $1,646,709 over the last quarter. Insiders own 26.19% of the company’s stock.

AvePoint 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.