Vanguard Group Inc. Has $258.31 Million Stock Position in AvePoint, Inc. $AVPT

Vanguard Group Inc. boosted its holdings in shares of AvePoint, Inc. (NASDAQ:AVPTFree Report) by 4.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,209,139 shares of the company’s stock after purchasing an additional 704,825 shares during the period. Vanguard Group Inc. owned about 8.12% of AvePoint worth $258,309,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Global Retirement Partners LLC bought a new stake in shares of AvePoint during the 3rd quarter worth $26,000. Advisors Asset Management Inc. raised its stake in AvePoint by 68.4% during the second quarter. Advisors Asset Management Inc. now owns 2,263 shares of the company’s stock worth $44,000 after acquiring an additional 919 shares in the last quarter. RiverPark Advisors LLC bought a new position in shares of AvePoint in the second quarter worth about $103,000. EverSource Wealth Advisors LLC lifted its holdings in shares of AvePoint by 6,111.6% in the second quarter. EverSource Wealth Advisors LLC now owns 5,342 shares of the company’s stock worth $103,000 after acquiring an additional 5,256 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in shares of AvePoint in the 3rd quarter valued at approximately $155,000. Institutional investors own 44.49% of the company’s stock.

Insider Activity at AvePoint

In related news, Chairman Xunkai Gong sold 32,002 shares of the company’s stock in a transaction that occurred 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 directly owned 14,948,666 shares in the company, valued at $204,198,777.56. This represents a 0.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 26.19% of the stock is currently owned by corporate insiders.

AvePoint Stock Up 3.9%

Shares of AvePoint stock opened at $10.78 on Friday. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 67.38 and a beta of 1.09. AvePoint, Inc. has a twelve month low of $9.85 and a twelve month high of $20.25. The company’s fifty day moving average is $12.13 and its 200 day moving average is $13.66.

AvePoint (NASDAQ:AVPTGet Free Report) last announced its earnings results on Thursday, February 26th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.02). AvePoint had a return on equity of 8.46% and a net margin of 8.34%.The company had revenue of $114.69 million for the quarter, compared to analyst estimates of $110.94 million. As a group, equities analysts anticipate that AvePoint, Inc. will post -0.03 earnings per share for the current fiscal year.

AvePoint News Summary

Here are the key news stories impacting AvePoint this week:

Wall Street Analyst Weigh In

AVPT has been the subject of several research reports. Evercore dropped their price objective on shares of AvePoint from $22.00 to $18.00 and set an “outperform” rating for the company in a research note on Friday, November 7th. Cantor Fitzgerald dropped their price target on AvePoint from $18.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday. Weiss Ratings reissued a “hold (c-)” rating on shares of AvePoint in a report on Monday, December 29th. B. Riley Financial lowered their target price on AvePoint from $25.00 to $22.00 and set a “buy” rating for the company in a report on Monday, February 2nd. Finally, Wall Street Zen upgraded AvePoint from a “hold” rating to a “buy” rating in a research report on Sunday, November 9th. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $17.28.

Read Our Latest Stock Report on AVPT

AvePoint Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for AvePoint (NASDAQ:AVPT)

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