AvePoint, Inc. (NASDAQ:AVPT – Get Free Report) insider Brian Brown sold 72,606 shares of AvePoint stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $15.26, for a total transaction of $1,107,967.56. Following the sale, the insider directly owned 259,604 shares in the company, valued at approximately $3,961,557.04. This trade represents a 21.86% decrease in their position. The sale was disclosed in a legal filing 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 Friday, October 16th, Brian Brown sold 3,500 shares of AvePoint stock. The stock was sold at an average price of $15.20, for a total transaction of $53,200.00.
- On Tuesday, October 6th, Brian Brown sold 28,894 shares of AvePoint stock. The stock was sold at an average price of $15.15, for a total transaction of $437,744.10.
- On Wednesday, September 30th, Brian Brown sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $14.11, for a total transaction of $141,100.00.
- On Wednesday, September 23rd, Brian Brown sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $13.07, for a total transaction of $130,700.00.
- On Thursday, August 27th, Brian Brown sold 60,000 shares of AvePoint stock. The stock was sold at an average price of $14.20, for a total transaction 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 transaction of $133,000.00.
- On Wednesday, July 29th, Brian Brown sold 5,176 shares of AvePoint stock. The stock was sold at an average price of $13.06, for a total transaction of $67,598.56.
- On Tuesday, July 28th, Brian Brown sold 4,824 shares of AvePoint stock. The stock was sold at an average price of $13.08, for a total transaction of $63,097.92.
AvePoint Trading Up 3.3%
Shares of NASDAQ AVPT opened at $15.23 on Wednesday. AvePoint, Inc. has a 12-month low of $8.84 and a 12-month high of $15.49. The stock has a market cap of $3.22 billion, a PE ratio of 47.60 and a beta of 1.17. The company has a 50-day moving average of $13.69 and a 200 day moving average of $11.99.
AvePoint (NASDAQ:AVPT – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.04. AvePoint had a net margin of 15.33% and a return on equity of 15.97%. The company had revenue of $124.50 million during the quarter, compared to the consensus estimate of $121.38 million. On average, sell-side analysts forecast that AvePoint, Inc. will post 0.25 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on AVPT shares. Phillip Securities raised AvePoint to a “moderate buy” rating in a report on Monday, October 5th. BMO Capital Markets assumed coverage on AvePoint in a research note on Tuesday, October 6th. They set an “outperform” rating and a $17.00 price objective on the stock. DA Davidson restated a “buy” rating and issued a $18.00 target price on shares of AvePoint in a report on Monday, July 6th. Weiss Ratings upgraded AvePoint from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Finally, Stephens raised their target price on AvePoint from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Monday, September 21st. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.25.
Check Out Our Latest Stock Report on AvePoint
Hedge Funds Weigh In On AvePoint
Institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in shares of AvePoint by 26.6% during the 2nd quarter. GAMMA Investing LLC now owns 3,814 shares of the company’s stock worth $43,000 after buying an additional 802 shares during the last quarter. Versant Capital Management Inc raised its position in shares of AvePoint by 26.8% during the 2nd quarter. Versant Capital Management Inc now owns 8,044 shares of the company’s stock valued at $90,000 after buying an additional 1,701 shares during the period. Nisa Investment Advisors LLC raised its position in shares of AvePoint by 42.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 5,983 shares of the company’s stock valued at $84,000 after buying an additional 1,782 shares during the period. Allworth Financial LP lifted its holdings in AvePoint by 109.6% in the second quarter. Allworth Financial LP now owns 5,065 shares of the company’s stock valued at $57,000 after acquiring an additional 2,649 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in AvePoint by 933.7% in the first 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 during the last quarter. 44.49% of the stock is owned by hedge funds and other institutional investors.
About AvePoint
AvePoint, Inc (NASDAQ:AVPT) is a data management and governance software company that helps organizations protect, manage and modernize information across cloud, hybrid and on-premises environments. Its solutions are designed primarily for collaboration and productivity platforms, including Microsoft 365, SharePoint, Dynamics 365 and Salesforce.
The company’s product portfolio includes cloud backup and recovery, data migration, governance, security, compliance and administration tools.
Recommended Stories
- Five stocks we like better than AvePoint
- Aurora Rejects Curaleaf’s Higher Bid, But the Takeover Fight Isn’t Over
- Centrus Energy Is Building a Nuclear Fuel Powerhouse—Why Is Its Stock Struggling?
- Halliburton Gains Traction: Multiyear Upcycle Ahead
- Meta Platforms’ AI Comeback Faces an Earnings Test—And a $10 Billion Charge
Receive News & Ratings for AvePoint Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AvePoint and related companies with MarketBeat.com's FREE daily email newsletter.
