AvePoint (NASDAQ:AVPT) Chairman Xunkai Gong Sells 32,002 Shares

AvePoint, Inc. (NASDAQ:AVPT) Chairman Xunkai Gong sold 32,002 shares of AvePoint stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $13.66, for a total value of $437,147.32. Following the sale, the chairman directly owned 14,948,666 shares in the company, valued at approximately $204,198,777.56. The trade was a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Xunkai Gong also recently made the following trade(s):

• On Tuesday, January 13th, Xunkai Gong sold 27,998 shares of AvePoint stock. The stock was sold at an average price of $13.39, for a total value of $374,893.22.
• On Tuesday, November 4th, Xunkai Gong sold 18,321 shares of AvePoint stock. The stock was sold at an average price of $13.80, for a total value of $252,829.80.
• On Monday, November 3rd, Xunkai Gong sold 41,679 shares of AvePoint stock. The shares were sold at an average price of $13.96, for a total transaction of $581,838.84.

AvePoint Stock Down 3.6%

Shares of AvePoint stock traded down $0.49 during trading on Wednesday, hitting $13.01. The company’s stock had a trading volume of 1,674,167 shares, compared to its average volume of 2,075,434. AvePoint, Inc. has a 52 week low of $11.49 and a 52 week high of $20.25. The company has a fifty day simple moving average of $13.37 and a two-hundred day simple moving average of $15.23.

AvePoint (NASDAQ:AVPT) last released its earnings results on Thursday, November 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $109.73 million for the quarter, compared to analysts’ expectations of $105.72 million. AvePoint had a net margin of 0.55% and a return on equity of 0.66%. As a group, sell-side analysts anticipate that AvePoint, Inc. will post -0.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AvePoint

Several hedge funds and other institutional investors have recently modified their holdings of the company. Invesco Ltd. lifted its holdings in AvePoint by 218.0% in the second quarter. Invesco Ltd. now owns 5,335,882 shares of the company’s stock valued at $103,036,000 after acquiring an additional 3,657,692 shares during the period. Parsifal Capital Management LP boosted its stake in shares of AvePoint by 61.2% during the 3rd quarter. Parsifal Capital Management LP now owns 8,522,740 shares of the company’s stock worth $127,926,000 after acquiring an additional 3,235,384 shares during the last quarter. Prudential PLC purchased a new position in shares of AvePoint during the 3rd quarter worth $26,824,000. Millennium Management LLC increased its stake in shares of AvePoint by 583.4% in the 3rd quarter. Millennium Management LLC now owns 1,394,604 shares of the company’s stock worth $20,959,000 after purchasing an additional 1,190,541 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in AvePoint by 72.2% in the 2nd quarter. Franklin Resources Inc. now owns 2,130,124 shares of the company’s stock worth $41,133,000 after purchasing an additional 893,384 shares during the period. 44.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on AVPT shares. Morgan Stanley set a $18.30 price objective on shares of AvePoint in a research note on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AvePoint in a research report on Monday, December 29th. Dbs Bank upgraded AvePoint to a “moderate buy” rating in a research note on Monday, October 6th. Citigroup decreased their price target on AvePoint from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Evercore ISI dropped their price objective on AvePoint from $22.00 to $18.00 and set an “outperform” rating on the stock in a research report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $18.66.

AvePoint Company Profile

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.