AvePoint (NASDAQ:AVPT) Sets New 52-Week Low – Should You Sell?

Shares of AvePoint, Inc. (NASDAQ:AVPT) hit a new 52-week low on Monday . The company traded as low as $9.97 and last traded at $10.1190, with a volume of 116344 shares trading hands. The stock had previously closed at $10.50.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AVPT shares. Stephens began coverage on shares of AvePoint in a research report on Monday, December 29th. They issued an “overweight” rating and a $18.00 target price for the company. Jefferies Financial Group dropped their price objective on shares of AvePoint from $20.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday. DA Davidson cut their price objective on shares of AvePoint from $20.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, February 19th. Evercore lowered their target price on AvePoint from $22.00 to $18.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. Finally, Cantor Fitzgerald dropped their price target on AvePoint from $22.50 to $18.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.66.

AvePoint Stock Up 1.0%

The firm’s 50 day moving average price is $12.34 and its two-hundred day moving average price is $13.75.

Insiders Place Their Bets

In other AvePoint 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 value of $437,147.32. Following the sale, the chairman owned 14,948,666 shares in the company, valued at $204,198,777.56. The trade was a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 26.19% of the company’s stock.

Hedge Funds Weigh In On AvePoint

Hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC increased its holdings in AvePoint by 118.5% in the 1st quarter. AQR Capital Management LLC now owns 323,055 shares of the company’s stock valued at $4,665,000 after purchasing an additional 175,194 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of AvePoint by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,639 shares of the company’s stock worth $1,107,000 after buying an additional 3,340 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of AvePoint in the first quarter valued at $276,000. Goldman Sachs Group Inc. raised its holdings in shares of AvePoint by 11.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 759,647 shares of the company’s stock valued at $10,969,000 after buying an additional 76,403 shares during the period. Finally, Focus Partners Wealth purchased a new stake in shares of AvePoint in the 1st quarter valued at $737,000. Hedge funds and other institutional investors 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.