AvePoint (NASDAQ:AVPT) Stock Gets Price Target Increase from Cantor Fitzgerald

AvePoint (NASDAQ:AVPT) had its price target increased by equities research analysts at Cantor Fitzgerald from $15.00 to $19.00 in a report released on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Cantor Fitzgerald‘s target price indicates a potential upside of 15.71% from the company’s current price.

Several other research firms have also recently commented on AVPT. Jefferies Financial Group increased their price target on AvePoint from $16.00 to $20.00 and gave the company a “buy” rating in a report on Sunday, October 25th. Weiss Ratings upgraded AvePoint from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Evercore reissued an “outperform” rating and set a $16.00 price objective on shares of AvePoint in a research note on Friday, August 7th. Phillip Securities upgraded AvePoint to a “moderate buy” rating in a report on Monday, October 5th. Finally, Stephens upped their target price on AvePoint from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Monday, September 21st. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.18.

AvePoint Trading Down 2.8%

Shares of NASDAQ AVPT opened at $16.42 on Friday. The stock has a market cap of $3.47 billion, a PE ratio of 51.31 and a beta of 1.13. AvePoint has a 12-month low of $8.84 and a 12-month high of $17.52. The company has a 50-day moving average of $14.50 and a 200 day moving average of $11.98.

AvePoint (NASDAQ:AVPT) last released its earnings results on Thursday, November 5th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). AvePoint had a return on equity of 15.97% and a net margin of 15.33%. The business had revenue of $131.10 million during the quarter, compared to analysts’ expectations of $129.39 million. On average, sell-side analysts forecast that AvePoint will post 0.25 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Brian Brown sold 72,606 shares of the stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $15.26, for a total value of $1,107,967.56. Following the completion of the transaction, the insider directly owned 259,604 shares in the company, valued at approximately $3,961,557.04. This represents a 21.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 230,000 shares of company stock valued at $3,430,412 in the last ninety days. Corporate insiders own 22.66% of the company’s stock.

Hedge Funds Weigh In On AvePoint

Several large investors have recently modified their holdings of AVPT. Dimensional Fund Advisors LP grew its holdings in shares of AvePoint by 25.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,264,082 shares of the company’s stock worth $31,040,000 after purchasing an additional 666,422 shares during the period. Wellington Management Group LLP raised its holdings in AvePoint by 106.7% in the 2nd quarter. Wellington Management Group LLP now owns 2,776,579 shares of the company’s stock valued at $31,125,000 after buying an additional 1,433,299 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in AvePoint by 25.0% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,675,587 shares of the company’s stock valued at $25,445,000 after buying an additional 535,015 shares during the period. Renaissance Technologies LLC raised its holdings in AvePoint by 16.4% in the 1st quarter. Renaissance Technologies LLC now owns 2,580,153 shares of the company’s stock valued at $24,537,000 after buying an additional 363,200 shares during the period. Finally, Bank of America Corp DE lifted its position in AvePoint by 185.8% in the first quarter. Bank of America Corp DE now owns 1,253,662 shares of the company’s stock valued at $11,922,000 after buying an additional 815,074 shares during the last quarter. Institutional investors and hedge funds own 44.49% of the company’s stock.

AvePoint News Roundup

Here are the key news stories impacting AvePoint this week:

• Positive Sentiment: Zacks reported adjusted third-quarter EPS of $0.12, topping its $0.08 consensus estimate and improving from $0.10 a year earlier. Revenue of $131.1 million also beat the $129.39 million estimate. Zacks earnings report
• Positive Sentiment: Growth indicators were strong: SaaS revenue rose 26% year over year to $105.5 million, total revenue increased 19% to $131.1 million, and ARR grew 27% to $495.1 million. AvePoint third-quarter results
• Positive Sentiment: AvePoint forecast full-year 2026 revenue of $511.3 million to $513.3 million, slightly above the cited FactSet estimate of $511 million. Full-year revenue outlook
• Neutral Sentiment: AvePoint appointed Ali Rohani as Chief Strategy and Customer Officer, adding a senior leader to its executive team; the announcement did not specify a financial impact. Executive appointment
• Negative Sentiment: MarketBeat reported EPS of $0.08, missing its $0.09 consensus estimate. This contrasts with Zacks’ adjusted-EPS figures, so the difference may reflect accounting or consensus measures. MarketBeat earnings report

About AvePoint

AvePoint, Inc (NASDAQ:AVPT) is a data management and governance software company that helps organizations protect, manage and modernize information across cloud, hybrid and on-premises environments. Its solutions are designed primarily for collaboration and productivity platforms, including Microsoft 365, SharePoint, Dynamics 365 and Salesforce.

The company’s product portfolio includes cloud backup and recovery, data migration, governance, security, compliance and administration tools.