AvePoint, Inc. (NASDAQ:AVPT – Get Free Report) insider Brian Michael Brown sold 60,000 shares of AvePoint stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $14.20, for a total transaction of $852,000.00. Following the sale, the insider directly owned 384,604 shares in the company, valued at $5,461,376.80. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Brian Michael Brown also recently made the following trade(s):
- On Monday, August 24th, Brian Michael Brown sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $13.30, for a total transaction of $133,000.00.
- On Wednesday, July 29th, Brian Michael Brown sold 5,176 shares of AvePoint stock. The shares were sold at an average price of $13.06, for a total value of $67,598.56.
- On Tuesday, July 28th, Brian Michael Brown sold 4,824 shares of AvePoint stock. The shares were sold at an average price of $13.08, for a total value of $63,097.92.
AvePoint Stock Performance
Shares of NASDAQ AVPT opened at $14.00 on Friday. AvePoint, Inc. has a 1 year low of $8.84 and a 1 year high of $16.77. The stock’s 50-day simple moving average is $12.58 and its 200-day simple moving average is $11.10. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 43.75 and a beta of 1.16.
Institutional Trading of AvePoint
Several institutional investors and hedge funds have recently bought and sold shares of AVPT. Kestra Advisory Services LLC acquired a new position in shares of AvePoint in the 4th quarter worth approximately $28,000. PNC Financial Services Group Inc. raised its position in shares of AvePoint by 933.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,977 shares of the company’s stock valued at $28,000 after acquiring an additional 2,689 shares in the last quarter. Vestcor Inc acquired a new stake in shares of AvePoint during the 3rd quarter valued at approximately $45,000. Kemnay Advisory Services Inc. bought a new position in AvePoint during the fourth quarter worth $47,000. Finally, GAMMA Investing LLC lifted its stake in AvePoint by 26.6% during the second quarter. GAMMA Investing LLC now owns 3,814 shares of the company’s stock worth $43,000 after purchasing an additional 802 shares during the last quarter. Institutional investors and hedge funds own 44.49% of the company’s stock.
Analysts Set New Price Targets
AVPT has been the subject of several research analyst reports. Evercore reiterated an “outperform” rating and set a $16.00 target price on shares of AvePoint in a research note on Friday, August 7th. DA Davidson restated a “buy” rating and issued a $18.00 price target on shares of AvePoint in a research note on Monday, July 6th. Zacks Research cut shares of AvePoint from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. TD Cowen increased their price objective on shares of AvePoint from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Wall Street Zen lowered shares of AvePoint from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, AvePoint has a consensus rating of “Moderate Buy” and an average price target of $16.44.
Read Our Latest Report on AvePoint
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.
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