AvePoint, Inc. (NASDAQ:AVPT – Get Free Report) insider Brian Michael Brown sold 5,176 shares of the business’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $13.06, for a total value of $67,598.56. Following the completion of the sale, the insider directly owned 809,664 shares in the company, valued at $10,574,211.84. This trade represents a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Brian Michael Brown also recently made the following trade(s):
- 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 Price Performance
AVPT opened at $13.03 on Friday. The firm has a market cap of $2.76 billion, a PE ratio of 62.05 and a beta of 1.16. The stock has a 50-day moving average price of $11.54 and a 200-day moving average price of $10.94. AvePoint, Inc. has a 1 year low of $8.84 and a 1 year high of $19.95.
Hedge Funds Weigh In On AvePoint
Several hedge funds have recently modified their holdings of the stock. Morgan Stanley lifted its position in shares of AvePoint by 372.6% in the fourth quarter. Morgan Stanley now owns 7,871,282 shares of the company’s stock worth $109,332,000 after buying an additional 6,205,829 shares in the last quarter. Parsifal Capital Management LP raised its holdings in AvePoint by 61.2% during the 3rd quarter. Parsifal Capital Management LP now owns 8,522,740 shares of the company’s stock valued at $127,926,000 after buying an additional 3,235,384 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings 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 acquiring an additional 1,843,641 shares during the last quarter. SG Americas Securities LLC lifted its stake in AvePoint by 335.2% in the first quarter. SG Americas Securities LLC now owns 2,391,696 shares of the company’s stock worth $22,745,000 after purchasing an additional 1,842,124 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in shares of AvePoint by 583.4% during the 3rd quarter. Millennium Management LLC now owns 1,394,604 shares of the company’s stock worth $20,959,000 after acquiring an additional 1,190,541 shares during the last quarter. Hedge funds and other institutional investors own 44.49% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on AVPT shares. Wall Street Zen downgraded shares of AvePoint from a “buy” rating to a “hold” rating in a research report on Saturday. The Goldman Sachs Group restated a “neutral” rating and issued a $14.00 price target on shares of AvePoint in a research note on Wednesday, May 13th. Scotiabank lowered their price objective on shares of AvePoint from $13.00 to $12.00 and set a “sector outperform” rating on the stock in a research report on Friday, May 8th. DA Davidson reissued a “buy” rating and issued a $18.00 target price on shares of AvePoint in a report on Monday, July 6th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of AvePoint in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $16.44.
Get Our Latest Analysis on AvePoint
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.
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