AvePoint, Inc. (NASDAQ:AVPT – Get Free Report) insider Brian Brown sold 35,000 shares of AvePoint stock in a transaction on Friday, October 23rd. The shares were sold at an average price of $16.42, for a total transaction of $574,700.00. Following the transaction, the insider owned 224,604 shares in the company, valued at $3,687,997.68. The trade was a 13.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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 Tuesday, October 20th, Brian Brown sold 72,606 shares of AvePoint stock. The stock was sold at an average price of $15.26, for a total transaction of $1,107,967.56.
- On Friday, October 16th, Brian Brown sold 3,500 shares of AvePoint stock. The shares were sold at an average price of $15.20, for a total value of $53,200.00.
- On Tuesday, October 6th, Brian Brown sold 28,894 shares of AvePoint stock. The shares were sold at an average price of $15.15, for a total value of $437,744.10.
- On Wednesday, September 30th, Brian Brown sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $14.11, for a total value 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 value 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 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 stock was 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 transaction of $63,097.92.
AvePoint Stock Up 2.1%
Shares of AVPT traded up $0.34 during mid-day trading on Monday, reaching $16.85. 2,049,559 shares of the stock traded hands, compared to its average volume of 2,481,993. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of 51.59 and a beta of 1.17. The stock has a fifty day simple moving average of $13.85 and a 200 day simple moving average of $12.12. AvePoint, Inc. has a 12-month low of $8.84 and a 12-month high of $16.89.
AvePoint (NASDAQ:AVPT – Get Free Report) last posted its 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. The business had revenue of $124.50 million for the quarter, compared to analysts’ expectations of $121.38 million. AvePoint had a net margin of 15.33% and a return on equity of 15.97%. On average, equities research analysts expect that AvePoint, Inc. will post 0.25 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on AVPT. Weiss Ratings raised shares of AvePoint from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. BMO Capital Markets began coverage on AvePoint in a research note on Tuesday, October 6th. They set an “outperform” rating and a $17.00 target price for the company. TD Cowen lifted their target price on AvePoint from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Stephens boosted their price target on AvePoint from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Monday, September 21st. Finally, Zacks Research cut AvePoint from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Ten research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.58.
Read Our Latest Stock Report on AvePoint
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Signaturefd LLC grew its holdings in AvePoint by 21.2% during the 3rd quarter. Signaturefd LLC now owns 5,739 shares of the company’s stock worth $81,000 after acquiring an additional 1,005 shares in the last quarter. Sterling Capital Management LLC increased its position in shares of AvePoint by 822.1% in the 3rd quarter. Sterling Capital Management LLC now owns 5,496 shares of the company’s stock worth $77,000 after purchasing an additional 4,900 shares during the last quarter. Isthmus Partners LLC acquired a new stake in shares of AvePoint in the 3rd quarter valued at about $2,518,000. Nisa Investment Advisors LLC grew its stake in AvePoint by 42.4% in the third quarter. Nisa Investment Advisors LLC now owns 5,983 shares of the company’s stock worth $84,000 after purchasing an additional 1,782 shares in the last quarter. Finally, Ausbil Investment Management Ltd acquired a new position in AvePoint in the third quarter worth about $358,000. 44.49% of the stock is currently owned by 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.
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