AvePoint (NASDAQ:AVPT) Price Target Raised to $19.00

AvePoint (NASDAQ:AVPTFree Report) had its price target upped by Northland Securities from $18.00 to $19.00 in a research note released on Friday morning, Benzinga reports. Northland Securities currently has an outperform rating on the stock.

Separately, Cantor Fitzgerald increased their price objective on AvePoint from $11.00 to $13.00 and gave the company an overweight rating in a report on Friday.

Read Our Latest Research Report on AvePoint

AvePoint Stock Performance

Shares of NASDAQ AVPT traded down $0.11 during mid-day trading on Friday, reaching $10.06. 1,495,414 shares of the company traded hands, compared to its average volume of 994,885. The stock has a market cap of $1.86 billion, a PE ratio of -125.75 and a beta of 0.89. The company’s fifty day moving average is $10.08 and its two-hundred day moving average is $8.77. AvePoint has a fifty-two week low of $5.86 and a fifty-two week high of $11.07.

AvePoint (NASDAQ:AVPTGet Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09). The company had revenue of $77.96 million for the quarter, compared to analyst estimates of $75.17 million. AvePoint had a negative net margin of 4.91% and a negative return on equity of 6.56%. The business’s revenue was up 20.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.07) EPS. Research analysts forecast that AvePoint will post -0.05 earnings per share for the current year.

Insider Buying and Selling at AvePoint

In other AvePoint news, insider Brian Michael Brown sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $10.78, for a total value of $215,600.00. Following the sale, the insider now owns 1,277,373 shares of the company’s stock, valued at approximately $13,770,080.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Brian Michael Brown sold 20,000 shares of AvePoint stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $10.78, for a total transaction of $215,600.00. Following the sale, the insider now owns 1,277,373 shares of the company’s stock, valued at approximately $13,770,080.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James Caci sold 40,000 shares of AvePoint stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $9.04, for a total value of $361,600.00. Following the sale, the chief financial officer now directly owns 665,097 shares in the company, valued at approximately $6,012,476.88. The disclosure for this sale can be found here. Insiders have sold 100,000 shares of company stock valued at $965,600 in the last 90 days. 27.78% of the stock is currently owned by insiders.

Institutional Trading of AvePoint

Several institutional investors have recently modified their holdings of the company. Strs Ohio grew its holdings in shares of AvePoint by 3.9% during the 4th quarter. Strs Ohio now owns 88,400 shares of the company’s stock worth $725,000 after purchasing an additional 3,300 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of AvePoint by 12.5% during the 1st quarter. ProShare Advisors LLC now owns 33,857 shares of the company’s stock worth $268,000 after buying an additional 3,749 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of AvePoint by 16.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,782 shares of the company’s stock worth $236,000 after buying an additional 4,005 shares during the period. Arizona State Retirement System lifted its position in shares of AvePoint by 16.1% during the 4th quarter. Arizona State Retirement System now owns 31,097 shares of the company’s stock worth $255,000 after buying an additional 4,303 shares during the period. Finally, SG Americas Securities LLC lifted its position in shares of AvePoint by 44.2% during the 1st quarter. SG Americas Securities LLC now owns 16,727 shares of the company’s stock worth $132,000 after buying an additional 5,125 shares during the period. Institutional investors and hedge funds own 44.49% of the company’s stock.

About AvePoint

(Get Free Report)

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.

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