AvePoint (NASDAQ:AVPT) Shares Down 5.2% – Here’s Why

Shares of AvePoint, Inc. (NASDAQ:AVPT) were down 5.2% during trading on Wednesday . The stock traded as low as $12.27 and last traded at $12.3290. 294,660 shares traded hands during trading, a decline of 86% from the average session volume of 2,084,790 shares. The stock had previously closed at $13.01.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of AvePoint in a report on Wednesday, June 24th. The Goldman Sachs Group restated a “neutral” rating and set a $14.00 price objective on shares of AvePoint in a report on Wednesday, May 13th. DA Davidson restated a “buy” rating and issued a $18.00 price target on shares of AvePoint in a research note on Monday, July 6th. Scotiabank reduced their price target on AvePoint from $13.00 to $12.00 and set a “sector outperform” rating on the stock in a research report on Friday, May 8th. Finally, Zacks Research raised shares of AvePoint from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $16.44.

AvePoint Trading Down 7.1%

The company has a 50 day moving average price of $11.13 and a 200-day moving average price of $10.98. The company has a market cap of $2.56 billion, a P/E ratio of 57.61 and a beta of 1.16.

AvePoint (NASDAQ:AVPT) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). AvePoint had a return on equity of 10.52% and a net margin of 10.55%.The business had revenue of $117.24 million for the quarter, compared to analyst estimates of $116.43 million. Equities analysts expect that AvePoint, Inc. will post 0.21 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its holdings in shares of AvePoint by 933.7% in the first quarter. PNC Financial Services Group Inc. now owns 2,977 shares of the company’s stock worth $28,000 after acquiring an additional 2,689 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of AvePoint during the 4th quarter valued at approximately $28,000. GAMMA Investing LLC grew 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 valued at $43,000 after purchasing an additional 802 shares during the last quarter. Vestcor Inc acquired a new position in AvePoint during the 3rd quarter worth approximately $45,000. Finally, Kemnay Advisory Services Inc. acquired a new position in AvePoint during the 4th quarter worth approximately $47,000. Institutional investors and hedge funds own 44.49% of the company’s stock.

About AvePoint

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.