Analysts Set AvePoint, Inc. (NASDAQ:AVPT) PT at $16.44

AvePoint, Inc. (NASDAQ:AVPT) has been given a consensus recommendation of “Moderate Buy” by the sixteen brokerages that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $16.4417.

A number of research firms recently commented on AVPT. Wall Street Zen cut AvePoint from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Research raised shares of AvePoint from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. The Goldman Sachs Group reiterated a “neutral” rating and set a $14.00 price objective on shares of AvePoint in a research report on Wednesday, May 13th. Scotiabank lowered their target price on shares of AvePoint from $13.00 to $12.00 and set a “sector outperform” rating on the stock in a report on Friday, May 8th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of AvePoint in a research report on Wednesday, June 24th.

Insider Transactions at AvePoint

In other AvePoint news, insider Brian Michael Brown sold 5,176 shares of the business’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $13.06, for a total value of $67,598.56. Following the sale, the insider owned 809,664 shares in the company, valued at $10,574,211.84. The trade was a 0.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 22.66% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of AvePoint by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 17,404,543 shares of the company’s stock worth $241,749,000 after purchasing an additional 195,404 shares during the last quarter. Parsifal Capital Management LP grew its holdings in AvePoint by 61.2% during the 3rd quarter. Parsifal Capital Management LP now owns 8,522,740 shares of the company’s stock valued at $127,926,000 after buying an additional 3,235,384 shares in the last quarter. Morgan Stanley increased its stake in AvePoint by 372.6% in the 4th quarter. Morgan Stanley now owns 7,871,282 shares of the company’s stock worth $109,332,000 after acquiring an additional 6,205,829 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of AvePoint by 11.1% during the 4th quarter. Jennison Associates LLC now owns 4,173,280 shares of the company’s stock worth $57,967,000 after acquiring an additional 417,625 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of AvePoint by 6.9% during the 4th quarter. Geode Capital Management LLC now owns 3,643,473 shares of the company’s stock valued at $50,614,000 after acquiring an additional 234,080 shares during the last quarter. Hedge funds and other institutional investors own 44.49% of the company’s stock.

AvePoint Stock Up 1.6%

Shares of AvePoint stock opened at $13.03 on Friday. The stock’s 50-day simple moving average is $11.54 and its 200-day simple moving average is $10.94. AvePoint has a 52 week low of $8.84 and a 52 week high of $19.95. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 62.05 and a beta of 1.16.

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

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.