AvePoint (NASDAQ:AVPT) Receives Market Perform Rating from William Blair

William Blair reissued their market perform rating on shares of AvePoint (NASDAQ:AVPT) in a research report report published on Monday, Marketbeat Ratings reports.

A number of other brokerages have also commented on AVPT. Weiss Ratings reissued a “hold (c-)” rating on shares of AvePoint in a report on Monday, December 29th. Stephens began coverage on shares of AvePoint in a research note on Monday, December 29th. They issued an “overweight” rating and a $18.00 target price for the company. TD Cowen reduced their target price on shares of AvePoint from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Cantor Fitzgerald decreased their price target on shares of AvePoint from $18.00 to $15.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Finally, DA Davidson lowered their price target 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. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, AvePoint has an average rating of “Moderate Buy” and a consensus target price of $17.11.

AvePoint Price Performance

NASDAQ AVPT opened at $10.24 on Monday. The firm has a market cap of $2.21 billion, a PE ratio of 64.00 and a beta of 1.12. AvePoint has a one year low of $9.85 and a one year high of $20.25. The stock’s 50 day simple moving average is $11.15 and its 200 day simple moving average is $13.10.

AvePoint (NASDAQ:AVPT) last released its quarterly 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). AvePoint had a net margin of 8.34% and a return on equity of 8.19%. The business had revenue of $114.69 million for the quarter, compared to analyst estimates of $110.94 million. As a group, equities analysts expect that AvePoint will post -0.03 earnings per share for the current year.

Insider Activity

In related news, Chairman Xunkai Gong sold 32,002 shares of AvePoint stock in a transaction 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 sale, the chairman directly owned 14,948,666 shares of the company’s stock, valued at $204,198,777.56. The trade was a 0.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 22.66% of the stock is owned by corporate insiders.

Institutional Trading of AvePoint

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

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.