William Blair Reiterates “Market Perform” Rating for AvePoint (NASDAQ:AVPT)

AvePoint (NASDAQ:AVPT)‘s stock had its “market perform” rating reissued by investment analysts at William Blair in a research note issued on Monday, Marketbeat reports.

A number of other equities research analysts also recently issued reports on AVPT. DA Davidson reduced their price objective on shares of AvePoint from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, February 19th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AvePoint in a report on Monday, December 29th. B. Riley Financial decreased their price objective on shares of AvePoint from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Monday, February 2nd. Cantor Fitzgerald cut their target price on AvePoint from $18.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Finally, Jefferies Financial Group reduced their target price on AvePoint from $20.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, February 24th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, AvePoint has an average rating of “Moderate Buy” and a consensus target price of $17.11.

AvePoint Price Performance

Shares of NASDAQ AVPT opened at $10.30 on Monday. The business has a fifty day moving average price of $11.22 and a two-hundred day moving average price of $13.14. The stock has a market capitalization of $2.22 billion, a PE ratio of 64.38 and a beta of 1.12. AvePoint has a fifty-two week low of $9.85 and a fifty-two week high of $20.25.

AvePoint (NASDAQ:AVPT) last released its earnings results on Thursday, February 26th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). AvePoint had a return on equity of 8.19% and a net margin of 8.34%.The company had revenue of $114.69 million for the quarter, compared to analyst estimates of $110.94 million. On average, equities analysts expect that AvePoint will post -0.03 EPS for the current year.

Insider Activity

In related news, Chairman Xunkai Gong sold 27,998 shares of the company’s stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $13.39, for a total transaction of $374,893.22. Following the completion of the transaction, the chairman directly owned 14,920,668 shares in the company, valued at $199,787,744.52. This represents a 0.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 22.66% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. US Bancorp DE grew its position in AvePoint by 11.2% during the 3rd quarter. US Bancorp DE now owns 7,962 shares of the company’s stock worth $120,000 after acquiring an additional 800 shares during the last quarter. Advisors Asset Management Inc. raised its position in AvePoint by 68.4% in the second quarter. Advisors Asset Management Inc. now owns 2,263 shares of the company’s stock valued at $44,000 after purchasing an additional 919 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of AvePoint by 1.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,586 shares of the company’s stock valued at $786,000 after purchasing an additional 1,016 shares in the last quarter. Blair William & Co. IL boosted its stake in shares of AvePoint by 8.3% during the fourth quarter. Blair William & Co. IL now owns 13,700 shares of the company’s stock valued at $190,000 after purchasing an additional 1,050 shares in the last quarter. Finally, Xponance LLC grew its holdings in shares of AvePoint by 11.5% during the fourth quarter. Xponance LLC now owns 11,522 shares of the company’s stock worth $160,000 after purchasing an additional 1,188 shares during the last quarter. 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.