Renaissance Technologies LLC Grows Holdings in AvePoint, Inc. $AVPT

Renaissance Technologies LLC raised its holdings in shares of AvePoint, Inc. (NASDAQ:AVPT) by 16.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,580,153 shares of the company’s stock after purchasing an additional 363,200 shares during the quarter. Renaissance Technologies LLC’s holdings in AvePoint were worth $24,537,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. US Bancorp DE grew its holdings in shares of AvePoint by 11.2% in the third quarter. US Bancorp DE now owns 7,962 shares of the company’s stock worth $120,000 after purchasing an additional 800 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in AvePoint by 1.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,586 shares of the company’s stock valued at $786,000 after buying an additional 1,016 shares in the last quarter. Blair William & Co. IL boosted its position in AvePoint by 8.3% in the 4th quarter. Blair William & Co. IL now owns 13,700 shares of the company’s stock valued at $190,000 after buying an additional 1,050 shares during the period. Xponance LLC grew its stake in AvePoint by 11.5% in the 4th quarter. Xponance LLC now owns 11,522 shares of the company’s stock worth $160,000 after acquiring an additional 1,188 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC grew its stake in AvePoint by 9.9% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 14,578 shares of the company’s stock worth $219,000 after acquiring an additional 1,314 shares in the last quarter. 44.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

AvePoint Stock Up 0.9%

AvePoint stock opened at $13.02 on Thursday. The firm has a market cap of $2.76 billion, a P/E ratio of 62.00 and a beta of 1.16. The business has a fifty day moving average of $11.43 and a two-hundred day moving average of $10.93. AvePoint, Inc. has a twelve month low of $8.84 and a twelve month high of $19.95.

AvePoint (NASDAQ:AVPT) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The company had revenue of $117.24 million during 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%. Equities analysts expect that AvePoint, Inc. will post 0.21 earnings per share for the current year.

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.