AvePoint (NASDAQ:AVPT) Insider Sells 10,000 Shares of Stock

AvePoint, Inc. (NASDAQ:AVPT – Get Free Report) insider Brian Brown sold 10,000 shares of the company’s stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $13.07, for a total transaction of $130,700.00. Following the sale, the insider owned 374,604 shares of the company’s stock, valued at $4,896,074.28. The trade was a 2.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through 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 Thursday, August 27th, Brian Brown sold 60,000 shares of AvePoint stock. The shares were sold at an average price of $14.20, for a total value of $852,000.00.
  • On Monday, August 24th, Brian Brown sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $13.30, for a total value of $133,000.00.
  • On Wednesday, July 29th, Brian 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 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

AVPT traded down $0.16 during midday trading on Friday, reaching $13.00. 2,590,499 shares of the company were exchanged, compared to its average volume of 2,035,622. AvePoint, Inc. has a one year low of $8.84 and a one year high of $15.58. The stock has a market capitalization of $2.75 billion, a P/E ratio of 40.63 and a beta of 1.19. The stock’s 50-day simple moving average is $13.19 and its 200 day simple moving average is $11.47.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on AVPT shares. Zacks Research cut shares of AvePoint from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Cantor Fitzgerald restated an “overweight” rating on shares of AvePoint in a research report on Tuesday. DA Davidson reaffirmed a “buy” rating and set a $18.00 price objective on shares of AvePoint in a research note on Monday, July 6th. TD Cowen lifted their target price on AvePoint from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Finally, Stephens boosted their target price on AvePoint from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Monday. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.36.

Get Our Latest Report on AVPT

Institutional Investors Weigh In On AvePoint

Several large investors have recently made changes to their positions in AVPT. Healthcare of Ontario Pension Plan Trust Fund grew its position in AvePoint by 620.9% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,140,572 shares of the company’s stock valued at $29,733,000 after purchasing an additional 1,843,641 shares in the last quarter. SG Americas Securities LLC lifted its position in AvePoint by 335.2% during the 1st quarter. SG Americas Securities LLC now owns 2,391,696 shares of the company’s stock worth $22,745,000 after buying an additional 1,842,124 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of AvePoint by 106.7% during the 2nd quarter. Wellington Management Group LLP now owns 2,776,579 shares of the company’s stock worth $31,125,000 after buying an additional 1,433,299 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of AvePoint by 185.8% during the 1st quarter. Bank of America Corp DE now owns 1,253,662 shares of the company’s stock worth $11,922,000 after buying an additional 815,074 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of AvePoint in the 2nd quarter valued at about $8,848,000. Institutional investors own 44.49% of the company’s stock.

About AvePoint

(Get Free Report)

AvePoint, Inc provides data management, governance, protection and migration software for organizations using cloud collaboration and productivity platforms. Its solutions are designed to help businesses, government agencies and educational institutions manage data throughout its lifecycle, improve security and compliance, and support digital transformation initiatives.

The company’s product portfolio supports platforms including Microsoft 365, Microsoft Dynamics 365, Salesforce and Google Workspace.

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Insider Buying and Selling by Quarter for AvePoint (NASDAQ:AVPT)

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