Insider Selling: AvePoint (NASDAQ:AVPT) Insider Sells 4,824 Shares

AvePoint, Inc. (NASDAQ:AVPT) insider Brian Michael Brown sold 4,824 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $13.08, for a total transaction of $63,097.92. Following the sale, the insider owned 814,840 shares of the company’s stock, valued at approximately $10,658,107.20. This represents a 0.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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.

AvePoint Stock Down 1.5%

Shares of AVPT stock traded down $0.20 during mid-day trading on Thursday, reaching $12.82. The company’s stock had a trading volume of 2,073,397 shares, compared to its average volume of 2,104,448. The firm has a market capitalization of $2.72 billion, a PE ratio of 61.05 and a beta of 1.16. The company’s 50 day simple moving average is $11.43 and its 200-day simple moving average is $10.93. AvePoint, Inc. has a 12-month low of $8.84 and a 12-month high of $19.95.

AvePoint (NASDAQ:AVPT) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). AvePoint had a return on equity of 10.52% and a net margin of 10.55%.The business had revenue of $117.24 million for the quarter, compared to analysts’ expectations of $116.43 million. As a group, research analysts anticipate that AvePoint, Inc. will post 0.21 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Zacks Research raised shares of AvePoint from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th. Weiss Ratings restated a “hold (c-)” rating on shares of AvePoint in a research note on Wednesday, June 24th. DA Davidson reaffirmed a “buy” rating and set a $18.00 target price on shares of AvePoint in a research report on Monday, July 6th. Scotiabank cut their price target on AvePoint from $13.00 to $12.00 and set a “sector outperform” rating on the stock in a research note on Friday, May 8th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, AvePoint currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.44.

Institutional Trading of AvePoint

Several institutional investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC bought a new position in AvePoint during the 4th quarter valued at $28,000. PNC Financial Services Group Inc. grew its holdings in AvePoint by 933.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,977 shares of the company’s stock worth $28,000 after acquiring an additional 2,689 shares in the last quarter. Vestcor Inc bought a new stake in shares of AvePoint in the 3rd quarter worth about $45,000. Kemnay Advisory Services Inc. bought a new stake in shares of AvePoint in the 4th quarter worth about $47,000. Finally, GAMMA Investing LLC raised its stake in shares of AvePoint by 26.6% in the 2nd quarter. GAMMA Investing LLC now owns 3,814 shares of the company’s stock valued at $43,000 after purchasing an additional 802 shares in the last quarter. 44.49% of the stock is 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.