Fox Run Management L.L.C. Takes Position in AvePoint, Inc. $AVPT

Fox Run Management L.L.C. bought a new stake in shares of AvePoint, Inc. (NASDAQ:AVPTFree Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 48,072 shares of the company’s stock, valued at approximately $722,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AVPT. Global Retirement Partners LLC bought a new position in shares of AvePoint during the 3rd quarter valued at about $26,000. Advisors Asset Management Inc. lifted its stake in AvePoint by 68.4% during the second quarter. Advisors Asset Management Inc. now owns 2,263 shares of the company’s stock valued at $44,000 after purchasing an additional 919 shares during the last quarter. RiverPark Advisors LLC acquired a new stake in AvePoint during the second quarter valued at approximately $103,000. EverSource Wealth Advisors LLC boosted its holdings in AvePoint by 6,111.6% during the second quarter. EverSource Wealth Advisors LLC now owns 5,342 shares of the company’s stock worth $103,000 after buying an additional 5,256 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in AvePoint in the third quarter worth approximately $155,000. 44.49% of the stock is currently owned by institutional investors.

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Here are the key news stories impacting AvePoint this week:

AvePoint Trading Up 3.9%

Shares of AVPT stock opened at $10.78 on Friday. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 67.38 and a beta of 1.09. AvePoint, Inc. has a 1-year low of $9.85 and a 1-year high of $20.25. The stock’s fifty day simple moving average is $12.13 and its 200-day simple moving average is $13.67.

AvePoint (NASDAQ:AVPTGet Free Report) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). The business had revenue of $114.69 million for the quarter, compared to analyst estimates of $110.94 million. AvePoint had a return on equity of 8.46% and a net margin of 8.34%. On average, sell-side analysts predict that AvePoint, Inc. will post -0.03 EPS for the current year.

Insider Activity at AvePoint

In related news, Chairman Xunkai Gong sold 27,998 shares of the business’s stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $13.39, for a total transaction of $374,893.22. Following the transaction, the chairman directly owned 14,920,668 shares of the company’s stock, valued at approximately $199,787,744.52. The trade was a 0.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 26.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AVPT shares. Cantor Fitzgerald cut their price objective on AvePoint from $18.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AvePoint in a report on Monday, December 29th. Jefferies Financial Group decreased their price target on AvePoint from $20.00 to $16.00 and set a “buy” rating for the company in a research report on Tuesday. DA Davidson dropped their price target on AvePoint from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, February 19th. Finally, Citigroup reduced their price objective on shares of AvePoint from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, January 13th. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.28.

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AvePoint Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AvePoint (NASDAQ:AVPT)

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