AvePoint, Inc. $AVPT Shares Purchased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in AvePoint, Inc. (NASDAQ:AVPT) by 25.0% in the 1st quarter, HoldingsChannel reports. The fund owned 2,675,587 shares of the company’s stock after acquiring an additional 535,015 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in AvePoint were worth $25,445,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AVPT. Peregrine Capital Management LLC acquired a new position in shares of AvePoint during the 4th quarter worth $10,362,000. Vanguard Group Inc. increased its holdings in shares of AvePoint by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 17,404,543 shares of the company’s stock valued at $241,749,000 after purchasing an additional 195,404 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of AvePoint by 11.1% in the fourth quarter. Jennison Associates LLC now owns 4,173,280 shares of the company’s stock valued at $57,967,000 after purchasing an additional 417,625 shares during the period. SG Americas Securities LLC lifted its stake in shares of AvePoint by 552.1% in the fourth quarter. SG Americas Securities LLC now owns 549,572 shares of the company’s stock valued at $7,634,000 after purchasing an additional 465,291 shares during the period. Finally, Y Intercept Hong Kong Ltd boosted its holdings in AvePoint by 83.2% during the first quarter. Y Intercept Hong Kong Ltd now owns 232,250 shares of the company’s stock worth $2,209,000 after buying an additional 105,471 shares in the last quarter. Institutional investors and hedge funds own 44.49% of the company’s stock.

AvePoint Price Performance

AvePoint stock opened at $12.24 on Monday. The firm has a market capitalization of $2.60 billion, a PE ratio of 58.29 and a beta of 1.16. AvePoint, Inc. has a 52 week low of $8.84 and a 52 week high of $19.95. The firm’s 50-day simple moving average is $11.27 and its 200 day simple moving average is $10.95.

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

Analyst Upgrades and Downgrades

AVPT has been the topic of several recent analyst reports. Zacks Research upgraded shares of AvePoint from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 10th. The Goldman Sachs Group reiterated a “neutral” rating and set a $14.00 price target on shares of AvePoint in a research report on Wednesday, May 13th. Weiss Ratings restated a “hold (c-)” rating on shares of AvePoint in a report on Wednesday, June 24th. DA Davidson reaffirmed a “buy” rating and issued a $18.00 price objective on shares of AvePoint in a research note on Monday, July 6th. Finally, Scotiabank dropped their price objective on AvePoint from $13.00 to $12.00 and set a “sector outperform” rating for the company in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, AvePoint has a consensus rating of “Moderate Buy” and a consensus price target of $16.44.

AvePoint 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.