AvePoint (NASDAQ:AVPT) Chairman Xunkai Gong Sells 27,998 Shares of Stock

AvePoint, Inc. (NASDAQ:AVPT) Chairman Xunkai Gong sold 27,998 shares of AvePoint stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $13.39, for a total transaction of $374,893.22. Following the completion of the sale, the chairman directly owned 14,920,668 shares of the company’s stock, valued at approximately $199,787,744.52. This trade represents a 0.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Xunkai Gong also recently made the following trade(s):

• On Monday, January 12th, Xunkai Gong sold 32,002 shares of AvePoint stock. The stock was sold at an average price of $13.66, for a total value of $437,147.32.
• On Tuesday, November 4th, Xunkai Gong sold 18,321 shares of AvePoint stock. The stock was sold at an average price of $13.80, for a total value of $252,829.80.
• On Monday, November 3rd, Xunkai Gong sold 41,679 shares of AvePoint stock. The shares were sold at an average price of $13.96, for a total value of $581,838.84.

AvePoint Price Performance

Shares of NASDAQ:AVPT opened at $13.01 on Thursday. The stock’s 50-day simple moving average is $13.35 and its two-hundred day simple moving average is $15.21. AvePoint, Inc. has a 52-week low of $11.49 and a 52-week high of $20.25.

AvePoint (NASDAQ:AVPT) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $109.73 million during the quarter, compared to the consensus estimate of $105.72 million. AvePoint had a return on equity of 0.66% and a net margin of 0.55%. Equities analysts anticipate that AvePoint, Inc. will post -0.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Cantor Fitzgerald reduced their price objective on AvePoint from $22.50 to $18.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Zacks Research cut AvePoint from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 9th. Robert W. Baird started coverage on AvePoint in a research report on Monday, October 27th. They set a “neutral” rating and a $17.00 price objective on the stock. Baird R W raised shares of AvePoint to a “hold” rating in a report on Monday, October 27th. Finally, Stephens assumed coverage on shares of AvePoint in a research note on Monday, December 29th. They set an “overweight” rating and a $18.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.66.

Institutional Trading of AvePoint

Several institutional investors have recently made changes to their positions in AVPT. AQR Capital Management LLC lifted its holdings in AvePoint by 118.5% in the 1st quarter. AQR Capital Management LLC now owns 323,055 shares of the company’s stock worth $4,665,000 after purchasing an additional 175,194 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of AvePoint by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,639 shares of the company’s stock valued at $1,107,000 after buying an additional 3,340 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of AvePoint in the first quarter worth $276,000. Goldman Sachs Group Inc. boosted its position in shares of AvePoint by 11.2% during the first quarter. Goldman Sachs Group Inc. now owns 759,647 shares of the company’s stock worth $10,969,000 after acquiring an additional 76,403 shares during the last quarter. Finally, Focus Partners Wealth bought a new position in shares of AvePoint during the first quarter worth $737,000. Hedge funds and other institutional investors own 44.49% of the company’s stock.

AvePoint Company Profile

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.