Quantinno Capital Management LP Purchases 82,457 Shares of AvePoint, Inc. $AVPT

Quantinno Capital Management LP raised its position in AvePoint, Inc. (NASDAQ:AVPT) by 307.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 109,317 shares of the company’s stock after purchasing an additional 82,457 shares during the period. Quantinno Capital Management LP’s holdings in AvePoint were worth $1,040,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Peregrine Capital Management LLC purchased a new position in shares of AvePoint in the 4th quarter worth approximately $10,362,000. Vanguard Group Inc. grew 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 valued at $241,749,000 after acquiring an additional 195,404 shares in the last quarter. Jennison Associates LLC increased its position in shares of AvePoint by 11.1% during the fourth quarter. Jennison Associates LLC now owns 4,173,280 shares of the company’s stock valued at $57,967,000 after acquiring an additional 417,625 shares during the last quarter. Y Intercept Hong Kong Ltd increased its position in shares of AvePoint by 83.2% during the first quarter. Y Intercept Hong Kong Ltd now owns 232,250 shares of the company’s stock valued at $2,209,000 after acquiring an additional 105,471 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in AvePoint by 9.4% during the first quarter. Bank of New York Mellon Corp now owns 789,069 shares of the company’s stock worth $7,504,000 after acquiring an additional 67,514 shares during the period. Institutional investors own 44.49% of the company’s stock.

Analysts Set New Price Targets

AVPT has been the topic of several research analyst reports. Citigroup reissued a “neutral” rating on shares of AvePoint in a research report on Wednesday. TD Cowen raised their target price on AvePoint from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Zacks Research cut AvePoint from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. The Goldman Sachs Group reissued a “neutral” rating and issued a $14.00 price target on shares of AvePoint in a report on Wednesday, May 13th. Finally, Evercore restated an “outperform” rating and set a $16.00 price target on shares of AvePoint in a research report on Friday, August 7th. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $16.44.

AvePoint Price Performance

Shares of NASDAQ AVPT opened at $13.49 on Friday. AvePoint, Inc. has a one year low of $8.84 and a one year high of $16.77. The business’s fifty day moving average price is $12.04 and its 200-day moving average price is $10.97. The stock has a market capitalization of $2.85 billion, a PE ratio of 42.16 and a beta of 1.16.

AvePoint (NASDAQ:AVPT) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.04. AvePoint had a return on equity of 15.97% and a net margin of 15.33%.The company had revenue of $124.50 million during the quarter, compared to the consensus estimate of $121.38 million. As a group, equities analysts expect that AvePoint, Inc. will post 0.21 EPS for the current fiscal year.

Insider Buying and Selling

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

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.