AvePoint (NASDAQ:AVPT) Trading Up 7.9% – Still a Buy?

AvePoint, Inc. (NASDAQ:AVPTGet Free Report)’s stock price traded up 7.9% on Thursday . The company traded as high as $14.23 and last traded at $14.2550. 831,217 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 2,065,408 shares. The stock had previously closed at $13.21.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AVPT shares. TD Cowen upped their target price on AvePoint from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. The Goldman Sachs Group restated a “neutral” rating and issued a $14.00 price objective on shares of AvePoint in a report on Wednesday, May 13th. Evercore reaffirmed an “outperform” rating and issued a $16.00 price objective on shares of AvePoint in a research note on Friday, August 7th. Wall Street Zen lowered shares of AvePoint from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Weiss Ratings upgraded shares of AvePoint from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Ten analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $16.44.

View Our Latest Stock Report on AvePoint

AvePoint Trading Up 8.0%

The firm has a fifty day moving average of $12.43 and a two-hundred day moving average of $11.06. The company has a market capitalization of $3.02 billion, a PE ratio of 44.58 and a beta of 1.16.

AvePoint (NASDAQ:AVPTGet Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. AvePoint had a return on equity of 15.97% and a net margin of 15.33%.The business had revenue of $124.50 million for the quarter, compared to analysts’ expectations of $121.38 million. On average, equities analysts expect that AvePoint, Inc. will post 0.25 EPS for the current fiscal year.

Insider Activity

In related news, insider Brian Michael Brown sold 10,000 shares of AvePoint stock in a transaction on Monday, August 24th. The shares were sold at an average price of $13.30, for a total value of $133,000.00. Following the transaction, the insider directly owned 444,604 shares of the company’s stock, valued at $5,913,233.20. The trade was a 2.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 20,000 shares of company stock valued at $263,696 in the last quarter. 22.66% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On AvePoint

A number of large investors have recently added to or reduced their stakes in the company. Morgan Stanley raised 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 last quarter. Parsifal Capital Management LP grew its position in shares of AvePoint by 61.2% in the 3rd quarter. Parsifal Capital Management LP now owns 8,522,740 shares of the company’s stock worth $127,926,000 after buying an additional 3,235,384 shares during the last quarter. California State Teachers Retirement System grew its position in shares of AvePoint by 994.0% in the 2nd quarter. California State Teachers Retirement System now owns 2,032,037 shares of the company’s stock worth $22,779,000 after buying an additional 1,846,288 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of AvePoint by 620.9% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,140,572 shares of the company’s stock worth $29,733,000 after buying an additional 1,843,641 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of AvePoint by 335.2% during the first quarter. SG Americas Securities LLC now owns 2,391,696 shares of the company’s stock valued at $22,745,000 after buying an additional 1,842,124 shares during the period. Institutional investors own 44.49% of the company’s stock.

AvePoint Company Profile

(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.

Further Reading

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