Brian Michael Brown Sells 5,176 Shares of AvePoint (NASDAQ:AVPT) Stock

AvePoint, Inc. (NASDAQ:AVPT) insider Brian Michael Brown sold 5,176 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $13.06, for a total transaction of $67,598.56. Following the completion of the sale, the insider directly owned 809,664 shares in the company, valued at approximately $10,574,211.84. This represents a 0.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Brian Michael Brown also recently made the following trade(s):

• On Tuesday, July 28th, Brian Michael Brown sold 4,824 shares of AvePoint stock. The shares were sold at an average price of $13.08, for a total transaction of $63,097.92.

AvePoint Trading Up 1.6%

AvePoint stock opened at $13.03 on Friday. The stock has a market cap of $2.76 billion, a P/E ratio of 62.05 and a beta of 1.16. The company has a fifty day simple moving average of $11.54 and a 200-day simple moving average of $10.94. AvePoint, Inc. has a 12-month low of $8.84 and a 12-month high of $19.95.

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

Analysts Set New Price Targets

A number of research firms have recently commented on AVPT. Wall Street Zen downgraded AvePoint from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Research upgraded AvePoint from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th. DA Davidson reaffirmed a “buy” rating and issued a $18.00 price target on shares of AvePoint in a report on Monday, July 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of AvePoint in a research note on Wednesday, June 24th. Finally, Scotiabank cut their price objective 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. One 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.44.

Hedge Funds Weigh In On AvePoint

Several hedge funds have recently made changes to their positions in AVPT. Kestra Advisory Services LLC acquired a new stake in shares of AvePoint during the fourth quarter worth about $28,000. PNC Financial Services Group Inc. lifted its holdings in shares of AvePoint by 933.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,977 shares of the company’s stock valued at $28,000 after purchasing an additional 2,689 shares during the last quarter. Vestcor Inc acquired a new stake in shares of AvePoint in the 3rd quarter valued at about $45,000. Kemnay Advisory Services Inc. acquired a new stake in shares of AvePoint in the 4th quarter valued at about $47,000. Finally, GAMMA Investing LLC grew its stake in AvePoint by 26.6% during the 2nd quarter. GAMMA Investing LLC now owns 3,814 shares of the company’s stock worth $43,000 after buying an additional 802 shares during the last quarter. Hedge funds and other institutional investors 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.