B. Riley Cuts AvePoint (NASDAQ:AVPT) Price Target to $22.00

AvePoint (NASDAQ:AVPT) had its price objective lowered by B. Riley from $25.00 to $22.00 in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Other analysts have also recently issued research reports about the stock. Dbs Bank upgraded shares of AvePoint to a “moderate buy” rating in a research note on Monday, October 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of AvePoint in a report on Monday, December 29th. Scotiabank reduced their price objective on shares of AvePoint from $22.00 to $17.00 and set a “sector outperform” rating for the company in a research report on Friday, November 7th. Morgan Stanley set a $18.30 target price on AvePoint in a research report on Monday, October 20th. Finally, Robert W. Baird raised AvePoint to a “hold” rating in a research note on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.39.

AvePoint Stock Performance

Shares of AVPT stock opened at $10.53 on Monday. The stock’s 50-day moving average price is $13.13 and its 200 day moving average price is $14.53. AvePoint has a 52-week low of $10.12 and a 52-week high of $20.25.

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

Insiders Place Their Bets

In related news, Chairman Xunkai Gong sold 32,002 shares of AvePoint stock in a transaction on Monday, January 12th. The stock was sold at an average price of $13.66, for a total transaction of $437,147.32. Following the completion of the transaction, the chairman directly owned 14,948,666 shares of the company’s stock, valued at approximately $204,198,777.56. The trade was a 0.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 26.19% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Invesco Ltd. grew its stake in AvePoint by 218.0% in the 2nd 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 last quarter. Parsifal Capital Management LP grew its position in shares of AvePoint by 61.2% in the third quarter. Parsifal Capital Management LP now owns 8,522,740 shares of the company’s stock valued at $127,926,000 after purchasing an additional 3,235,384 shares during the last quarter. Prudential PLC acquired a new stake in shares of AvePoint in the third quarter valued at approximately $26,824,000. Millennium Management LLC increased its stake in shares of AvePoint by 583.4% during 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 position in shares of AvePoint by 72.2% during 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 last quarter. Institutional investors and hedge funds own 44.49% of the company’s stock.

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.