Vanguard Group Inc. Purchases 704,825 Shares of AvePoint, Inc. $AVPT

Vanguard Group Inc. raised its position in shares of AvePoint, Inc. (NASDAQ:AVPTFree Report) by 4.3% during the third quarter, HoldingsChannel.com reports. The fund owned 17,209,139 shares of the company’s stock after buying an additional 704,825 shares during the quarter. Vanguard Group Inc. owned 0.08% of AvePoint worth $258,309,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new position in shares of AvePoint in the 3rd quarter valued at about $26,000. Advisors Asset Management Inc. grew its stake in AvePoint by 68.4% during the second quarter. Advisors Asset Management Inc. now owns 2,263 shares of the company’s stock worth $44,000 after purchasing an additional 919 shares during the period. RiverPark Advisors LLC bought a new stake in AvePoint in the second quarter worth approximately $103,000. EverSource Wealth Advisors LLC lifted its stake in AvePoint by 6,111.6% in the second quarter. EverSource Wealth Advisors LLC now owns 5,342 shares of the company’s stock valued at $103,000 after buying an additional 5,256 shares during the period. Finally, State of Alaska Department of Revenue acquired a new position in AvePoint in the third quarter valued at approximately $155,000. 44.49% of the stock is currently owned by institutional investors and hedge funds.

AvePoint Trading Up 3.9%

AvePoint stock opened at $10.78 on Friday. AvePoint, Inc. has a 1-year low of $9.85 and a 1-year high of $20.25. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 67.38 and a beta of 1.09. The firm’s fifty day moving average price is $12.13 and its two-hundred day moving average price is $13.66.

AvePoint (NASDAQ:AVPTGet Free Report) last posted its earnings results on Thursday, February 26th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). The business had revenue of $114.69 million during the quarter, compared to analyst estimates of $110.94 million. AvePoint had a return on equity of 8.46% and a net margin of 8.34%. On average, research analysts forecast that AvePoint, Inc. will post -0.03 EPS for the current year.

Trending Headlines about AvePoint

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Insider Buying and Selling at AvePoint

In other news, Chairman Xunkai Gong sold 32,002 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $13.66, for a total value of $437,147.32. Following the transaction, the chairman owned 14,948,666 shares in the company, valued at $204,198,777.56. This trade represents a 0.21% 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 hyperlink. 26.19% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on AVPT. Citigroup reduced their price objective on shares of AvePoint from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, January 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of AvePoint in a research note on Monday, December 29th. TD Cowen reduced their price target on shares of AvePoint from $17.00 to $16.00 and set a “buy” rating for the company in a report on Friday. Scotiabank dropped their price objective on shares of AvePoint from $22.00 to $17.00 and set a “sector outperform” rating on the stock in a report on Friday, November 7th. Finally, DA Davidson cut their price objective on shares of AvePoint from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, February 19th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.28.

Get Our Latest Analysis on AVPT

AvePoint Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for AvePoint (NASDAQ:AVPT)

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