AvePoint (NASDAQ:AVPT) Shares Gap Up – Should You Buy?

AvePoint, Inc. (NASDAQ:AVPTGet Free Report)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $10.38, but opened at $11.08. AvePoint shares last traded at $10.6680, with a volume of 598,110 shares trading hands.

Trending Headlines about AvePoint

Here are the key news stories impacting AvePoint this week:

Wall Street Analyst Weigh In

AVPT has been the subject of a number of research reports. Cantor Fitzgerald decreased their target price on shares of AvePoint from $18.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday. Citigroup lowered 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. Evercore cut their price objective 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. Jefferies Financial Group decreased their target price on shares of AvePoint from $20.00 to $16.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Scotiabank cut 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. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.28.

Get Our Latest Stock Report on AvePoint

AvePoint Stock Performance

The company has a market capitalization of $2.33 billion, a P/E ratio of 67.38 and a beta of 1.09. The company has a 50-day simple moving average of $12.13 and a 200 day simple moving average of $13.66.

AvePoint (NASDAQ:AVPTGet Free Report) last released its earnings results on Thursday, February 26th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). The firm had revenue of $114.69 million for the quarter, compared to analyst estimates of $110.94 million. AvePoint had a return on equity of 8.46% and a net margin of 8.34%. As a group, sell-side analysts forecast that AvePoint, Inc. will post -0.03 earnings per share for the current year.

Insider Activity

In related 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 transaction of $437,147.32. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 26.19% of the company’s stock.

Institutional Investors Weigh In On AvePoint

Hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC boosted its position in AvePoint by 118.5% in the first quarter. AQR Capital Management LLC now owns 323,055 shares of the company’s stock valued at $4,665,000 after buying an additional 175,194 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in AvePoint by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,639 shares of the company’s stock valued at $1,107,000 after purchasing an additional 3,340 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in AvePoint in the 1st quarter valued at $276,000. Goldman Sachs Group Inc. increased its stake in shares of AvePoint by 11.2% in the first quarter. Goldman Sachs Group Inc. now owns 759,647 shares of the company’s stock valued at $10,969,000 after buying an additional 76,403 shares in the last quarter. Finally, Focus Partners Wealth acquired a new stake in shares of AvePoint in the first quarter valued at $737,000. Institutional investors and hedge funds own 44.49% of the company’s stock.

About AvePoint

(Get Free Report)

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.

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