AvePoint, Inc. (NASDAQ:AVPT) Insider Sells $207,400.00 in Stock

AvePoint, Inc. (NASDAQ:AVPT) insider Brian Michael Brown sold 20,000 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $10.37, for a total transaction of $207,400.00. Following the completion of the transaction, the insider now owns 1,297,373 shares in the company, valued at $13,453,758.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, June 3rd, Brian Michael Brown sold 20,000 shares of AvePoint stock. The stock was sold at an average price of $9.05, for a total transaction of $181,000.00.
• On Wednesday, May 1st, Brian Michael Brown sold 20,000 shares of AvePoint stock. The stock was sold at an average price of $7.86, for a total transaction of $157,200.00.

AvePoint Stock Performance

AVPT stock traded down $0.12 during trading on Monday, hitting $10.30. 991,717 shares of the company’s stock traded hands, compared to its average volume of 957,902. AvePoint, Inc. has a 52 week low of $5.52 and a 52 week high of $10.45. The business has a fifty day simple moving average of $8.99 and a 200 day simple moving average of $8.31. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of -128.75 and a beta of 0.89.

AvePoint (NASDAQ:AVPT) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.04. AvePoint had a negative net margin of 4.91% and a negative return on equity of 6.56%. The business had revenue of $74.53 million during the quarter, compared to analyst estimates of $72.33 million. During the same quarter last year, the business earned ($0.05) earnings per share. AvePoint’s quarterly revenue was up 25.1% compared to the same quarter last year. Research analysts forecast that AvePoint, Inc. will post -0.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Northland Securities increased their price target on shares of AvePoint from $12.00 to $18.00 and gave the stock an “outperform” rating in a research report on Monday, June 17th.

Institutional Investors Weigh In On AvePoint

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its position in AvePoint by 6.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 868,806 shares of the company’s stock worth $5,838,000 after acquiring an additional 52,750 shares during the period. Deutsche Bank AG grew its holdings in shares of AvePoint by 14.9% during the third quarter. Deutsche Bank AG now owns 76,154 shares of the company’s stock worth $512,000 after buying an additional 9,893 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of AvePoint by 143.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 130,394 shares of the company’s stock valued at $876,000 after buying an additional 76,857 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of AvePoint in the third quarter valued at about $402,000. Finally, Harbor Capital Advisors Inc. raised its position in shares of AvePoint by 65.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 25,211 shares of the company’s stock valued at $207,000 after buying an additional 9,990 shares during the last quarter. Institutional investors own 44.49% of the company’s stock.

AvePoint Company Profile

AvePoint, Inc provides cloud-native data management software platform in North America, Europe, Middle East, Africa, and Asia Pacific. It also offers software-as-a-service solutions and productivity applications. The company offers modularity and cloud services architecture to address critical challenges and the management of data to organizations that leverage third-party cloud vendors, including Microsoft, Salesforce, Google, AWS, Box, DropBox, and others; license and support; and maintenance services.