AvePoint (NASDAQ:AVPT) Reaches New 52-Week Low After Earnings Miss

Shares of AvePoint, Inc. (NASDAQ:AVPT) hit a new 52-week low during trading on Friday after the company announced weaker than expected quarterly earnings. The stock traded as low as $12.30 and last traded at $12.5920, with a volume of 164750 shares changing hands. The stock had previously closed at $13.84.

The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The firm had revenue of $109.73 million for the quarter, compared to analyst estimates of $105.72 million. AvePoint had a negative net margin of 2.21% and a negative return on equity of 2.44%. AvePoint has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AVPT. Jefferies Financial Group assumed coverage on AvePoint in a report on Monday, July 21st. They issued a “buy” rating and a $22.00 price target for the company. Evercore ISI reduced their price target on AvePoint from $22.00 to $18.00 and set an “outperform” rating on the stock in a research report on Friday. Cantor Fitzgerald restated an “overweight” rating on shares of AvePoint in a report on Friday. Baird R W raised AvePoint to a “hold” rating in a research report on Monday, October 27th. Finally, DA Davidson assumed coverage on AvePoint in a report on Monday, September 22nd. They issued a “buy” rating and a $20.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $19.70.

Insider Transactions at AvePoint

In other AvePoint news, CFO James Caci sold 216,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $15.21, for a total transaction of $3,285,360.00. Following the completion of the sale, the chief financial officer owned 213,030 shares in the company, valued at $3,240,186.30. This trade represents a 50.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian Michael Brown sold 500,000 shares of the firm’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $15.21, for a total value of $7,605,000.00. Following the transaction, the insider owned 640,288 shares in the company, valued at $9,738,780.48. This trade represents a 43.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 5,755,780 shares of company stock valued at $87,487,316 in the last three months. 26.19% of the stock is currently owned by company insiders.

Institutional Trading of AvePoint

Hedge funds and other institutional investors have recently modified their holdings of the business. Global Retirement Partners LLC acquired a new stake in shares of AvePoint in the 3rd quarter valued at $26,000. Summit Securities Group LLC increased its stake in AvePoint by 621.7% in the first quarter. Summit Securities Group LLC now owns 2,627 shares of the company’s stock valued at $38,000 after purchasing an additional 2,263 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in AvePoint by 68.4% in the 2nd 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. Quarry LP boosted its position in AvePoint by 2,028.3% during the first quarter. Quarry LP now owns 3,831 shares of the company’s stock valued at $55,000 after purchasing an additional 3,651 shares during the last quarter. Finally, RiverPark Advisors LLC acquired a new position in shares of AvePoint during the 2nd quarter worth approximately $103,000. Institutional investors and hedge funds own 44.49% of the company’s stock.

AvePoint Price Performance

The business’s 50-day moving average is $15.13 and its 200 day moving average is $16.86. The firm has a market capitalization of $2.62 billion, a P/E ratio of -247.95 and a beta of 1.40.

About AvePoint

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.