Dynamic Technology Lab Private Ltd Invests $1.03 Million in AvePoint, Inc. $AVPT

Dynamic Technology Lab Private Ltd purchased a new stake in shares of AvePoint, Inc. (NASDAQ:AVPT) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 68,547 shares of the company’s stock, valued at approximately $1,029,000.

Other institutional investors have also added to or reduced their stakes in the company. ProShare Advisors LLC boosted its stake in shares of AvePoint by 1.7% in the 2nd quarter. ProShare Advisors LLC now owns 37,656 shares of the company’s stock worth $727,000 after buying an additional 638 shares during the last quarter. US Bancorp DE boosted its position in AvePoint by 11.2% in the third quarter. US Bancorp DE now owns 7,962 shares of the company’s stock worth $120,000 after purchasing an additional 800 shares during the last quarter. Advisors Asset Management Inc. grew its stake in AvePoint by 68.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,263 shares of the company’s stock valued at $44,000 after purchasing an additional 919 shares during the period. ANB Bank increased its position in shares of AvePoint by 7.3% during the 2nd quarter. ANB Bank now owns 19,338 shares of the company’s stock valued at $373,000 after purchasing an additional 1,309 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of AvePoint by 2.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 69,271 shares of the company’s stock worth $1,338,000 after buying an additional 1,378 shares during the last quarter. 44.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AVPT has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of AvePoint from a “hold” rating to a “buy” rating in a report on Sunday, November 9th. Cantor Fitzgerald lowered their price target on shares of AvePoint from $18.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. TD Cowen reduced their price objective on AvePoint from $17.00 to $16.00 and set a “buy” rating for the company in a report on Friday, February 27th. B. Riley Financial lowered their target price on AvePoint from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Monday, February 2nd. Finally, DA Davidson cut their price target on AvePoint from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, February 19th. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $17.11.

AvePoint Stock Performance

Shares of NASDAQ AVPT opened at $11.09 on Monday. AvePoint, Inc. has a fifty-two week low of $9.85 and a fifty-two week high of $20.25. The stock has a market cap of $2.39 billion, a PE ratio of 69.32 and a beta of 1.12. The stock has a fifty day moving average of $11.86 and a 200-day moving average of $13.51.

AvePoint (NASDAQ:AVPT) last issued its earnings results on Thursday, February 26th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.02). AvePoint had a return on equity of 8.19% and a net margin of 8.34%.The company had revenue of $114.69 million during the quarter, compared to the consensus estimate of $110.94 million. On average, sell-side analysts predict that AvePoint, Inc. will post -0.03 EPS for the current year.

Insider Buying and Selling

In other AvePoint news, Chairman Xunkai Gong sold 32,002 shares of the firm’s 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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 26.19% of the stock is currently owned by insiders.

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.