AvePoint, Inc. (NASDAQ:AVPT) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of AvePoint, Inc. (NASDAQ:AVPT) have been given an average recommendation of “Moderate Buy” by the fifteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $17.6636.

A number of analysts have recently commented on AVPT shares. B. Riley Financial cut their target price on shares of AvePoint from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Monday, February 2nd. Cantor Fitzgerald decreased their price target 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. DA Davidson dropped their target price on shares of AvePoint from $20.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, February 19th. Citigroup decreased their price objective on shares of AvePoint from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, January 13th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of AvePoint in a report on Monday, December 29th.

Insider Buying and Selling at AvePoint

In other news, Chairman Xunkai Gong sold 32,002 shares of the business’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $13.66, for a total transaction of $437,147.32. Following the transaction, the chairman owned 14,948,666 shares in the company, valued at approximately $204,198,777.56. The trade was a 0.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 26.19% of the company’s stock.

Institutional Investors Weigh In On AvePoint

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of AvePoint by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 17,404,543 shares of the company’s stock valued at $241,749,000 after acquiring an additional 195,404 shares during the period. Parsifal Capital Management LP raised its holdings in AvePoint by 61.2% during the 3rd quarter. Parsifal Capital Management LP now owns 8,522,740 shares of the company’s stock worth $127,926,000 after purchasing an additional 3,235,384 shares during the last quarter. Morgan Stanley lifted its position in AvePoint by 372.6% during the 4th quarter. Morgan Stanley now owns 7,871,282 shares of the company’s stock valued at $109,332,000 after purchasing an additional 6,205,829 shares during the period. Invesco Ltd. boosted its stake in shares of AvePoint by 218.0% in the 2nd 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 during the last quarter. Finally, Jennison Associates LLC grew its position in shares of AvePoint by 11.1% during the 4th quarter. Jennison Associates LLC now owns 4,173,280 shares of the company’s stock worth $57,967,000 after buying an additional 417,625 shares during the period. 44.49% of the stock is owned by institutional investors and hedge funds.

AvePoint Trading Up 1.8%

Shares of AVPT stock opened at $10.13 on Wednesday. AvePoint has a twelve month low of $9.85 and a twelve month high of $20.25. The stock has a 50 day moving average of $12.34 and a 200 day moving average of $13.75.

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.