AvePoint (NASDAQ:AVPT) Price Target Cut to $22.00 by Analysts at B. Riley

AvePoint (NASDAQ:AVPT) had its price objective reduced by B. Riley from $25.00 to $22.00 in a research report released on Monday morning,Benzinga reports. B. Riley currently has a buy rating on the stock.

Several other analysts have also commented on AVPT. Dbs Bank upgraded shares of AvePoint to a “moderate buy” rating in a research report on Monday, October 6th. Evercore ISI dropped their target price on AvePoint from $22.00 to $18.00 and set an “outperform” rating on the stock in a research report on Friday, November 7th. Citigroup cut their price target on AvePoint from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, January 13th. Cantor Fitzgerald lowered their price target on AvePoint from $22.50 to $18.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Finally, Robert W. Baird raised AvePoint to a “hold” rating in a report on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.39.

AvePoint Stock Performance

Shares of AVPT opened at $11.70 on Monday. AvePoint has a 52 week low of $11.49 and a 52 week high of $20.25. The stock’s 50-day moving average price is $13.23 and its 200-day moving average price is $14.62.

AvePoint (NASDAQ:AVPT) last announced 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 net margin of 0.55% and a return on equity of 0.66%. The company had revenue of $109.73 million for the quarter, compared to analysts’ expectations of $105.72 million. 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 32,002 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $13.66, for a total value of $437,147.32. Following the transaction, the chairman owned 14,948,666 shares in the company, valued at $204,198,777.56. This trade represents a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 26.19% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AVPT. Truist Financial Corp acquired a new stake in AvePoint during the 4th quarter worth $169,000. Jennison Associates LLC boosted its position in AvePoint by 11.1% during the fourth quarter. Jennison Associates LLC now owns 4,173,280 shares of the company’s stock worth $57,967,000 after acquiring an additional 417,625 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in AvePoint during the fourth quarter worth about $678,000. M&T Bank Corp grew its stake in AvePoint by 11.7% during the 4th quarter. M&T Bank Corp now owns 25,336 shares of the company’s stock valued at $352,000 after acquiring an additional 2,650 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its holdings in AvePoint by 419.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 103,344 shares of the company’s stock valued at $1,435,000 after acquiring an additional 83,440 shares during the last quarter. 44.49% of the stock is owned by institutional investors and hedge funds.

About AvePoint

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.