AvePoint, Inc. (NASDAQ:AVPT) CFO Sells $361,600.00 in Stock

AvePoint, Inc. (NASDAQ:AVPT) CFO James Caci sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $9.04, for a total value of $361,600.00. Following the completion of the sale, the chief financial officer now directly owns 665,097 shares of the company’s stock, valued at $6,012,476.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

James Caci also recently made the following trade(s):

• On Wednesday, March 20th, James Caci sold 3,061 shares of AvePoint stock. The shares were sold at an average price of $8.00, for a total value of $24,488.00.

AvePoint Price Performance

AvePoint stock opened at $9.38 on Friday. The stock’s fifty day moving average price is $8.10 and its two-hundred day moving average price is $8.05. AvePoint, Inc. has a one year low of $5.46 and a one year high of $9.60. The firm has a market cap of $1.73 billion, a PE ratio of -117.25 and a beta of 0.84.

AvePoint (NASDAQ:AVPT) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. AvePoint had a negative return on equity of 6.56% and a negative net margin of 4.91%. The firm had revenue of $74.53 million for the quarter, compared to analyst estimates of $72.33 million. During the same quarter last year, the company earned ($0.05) EPS. The company’s revenue was up 25.1% on a year-over-year basis. Sell-side analysts expect that AvePoint, Inc. will post -0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AvePoint

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of AvePoint by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 15,050,278 shares of the company’s stock valued at $119,198,000 after purchasing an additional 532,371 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of AvePoint by 274.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,835,402 shares of the company’s stock valued at $12,334,000 after purchasing an additional 1,345,267 shares during the last quarter. Federated Hermes Inc. increased its stake in shares of AvePoint by 2.2% in the 4th quarter. Federated Hermes Inc. now owns 878,765 shares of the company’s stock valued at $7,215,000 after purchasing an additional 18,881 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of AvePoint by 6.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 868,806 shares of the company’s stock valued at $5,838,000 after purchasing an additional 52,750 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new position in shares of AvePoint in the 4th quarter valued at $3,590,000. Institutional investors own 44.49% of the company’s stock.

Wall Street Analysts Forecast Growth

AVPT has been the subject of several research reports. Evercore ISI lifted their price target on AvePoint from $9.00 to $10.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Cantor Fitzgerald lifted their price target on AvePoint from $10.00 to $11.00 and gave the stock an “overweight” rating in a report on Friday, March 1st.

AvePoint Company Profile

AvePoint, Inc provides cloud-native data management software platform in North America, Europe, Middle East, Africa, and Asia Pacific. It also offers software-as-a-service solutions and productivity applications. The company offers modularity and cloud services architecture to address critical challenges and the management of data to organizations that leverage third-party cloud vendors, including Microsoft, Salesforce, Google, AWS, Box, DropBox, and others; license and support; and maintenance services.