AvePoint (NASDAQ:AVPT) Insider Brian Michael Brown Sells 60,000 Shares

AvePoint, Inc. (NASDAQ:AVPT) insider Brian Michael Brown sold 60,000 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $14.20, for a total transaction of $852,000.00. Following the completion of the sale, the insider directly owned 384,604 shares of the company’s stock, valued at $5,461,376.80. The trade was a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, August 24th, Brian Michael Brown sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $13.30, for a total transaction of $133,000.00.
• On Wednesday, July 29th, Brian Michael Brown sold 5,176 shares of AvePoint stock. The stock was sold at an average price of $13.06, for a total transaction of $67,598.56.
• On Tuesday, July 28th, Brian Michael Brown sold 4,824 shares of AvePoint stock. The stock was sold at an average price of $13.08, for a total transaction of $63,097.92.

AvePoint Price Performance

NASDAQ:AVPT traded down $0.30 during mid-day trading on Friday, reaching $14.00. The stock had a trading volume of 1,330,474 shares, compared to its average volume of 1,880,182. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 43.75 and a beta of 1.16. AvePoint, Inc. has a 1-year low of $8.84 and a 1-year high of $16.77. The stock’s 50 day simple moving average is $12.58 and its two-hundred day simple moving average is $11.10.

AvePoint (NASDAQ:AVPT) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.12 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $124.50 million for the quarter, compared to analysts’ expectations of $121.38 million. Sell-side analysts anticipate that AvePoint, Inc. will post 0.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AVPT. DA Davidson reissued a “buy” rating and set a $18.00 price target on shares of AvePoint in a research report on Monday, July 6th. Evercore reaffirmed an “outperform” rating and issued a $16.00 price objective on shares of AvePoint in a report on Friday, August 7th. Zacks Research lowered shares of AvePoint from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Citigroup reissued a “neutral” rating on shares of AvePoint in a report on Wednesday, August 12th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $14.00 target price on shares of AvePoint in a report on Wednesday, May 13th. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $16.44.

Hedge Funds Weigh In On AvePoint

Hedge funds and other institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC lifted its holdings in shares of AvePoint by 118.5% in the 1st quarter. AQR Capital Management LLC now owns 323,055 shares of the company’s stock worth $4,665,000 after purchasing an additional 175,194 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in AvePoint by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,639 shares of the company’s stock worth $1,107,000 after buying an additional 3,340 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in AvePoint during the 1st quarter worth $276,000. Goldman Sachs Group Inc. increased its position in AvePoint by 11.2% in the first quarter. Goldman Sachs Group Inc. now owns 759,647 shares of the company’s stock worth $10,969,000 after buying an additional 76,403 shares during the period. Finally, Focus Partners Wealth acquired a new stake in AvePoint in the first quarter worth $737,000. 44.49% of the stock is currently owned by institutional investors and hedge funds.

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.