AvePoint, Inc. (NASDAQ:AVPT) Short Interest Up 40.4% in December

AvePoint, Inc. (NASDAQ:AVPT) saw a large growth in short interest in December. As of December 31st, there was short interest totaling 11,428,705 shares, a growth of 40.4% from the December 15th total of 8,141,857 shares. Approximately 7.2% of the company’s shares are short sold. Based on an average trading volume of 2,114,024 shares, the days-to-cover ratio is presently 5.4 days. Based on an average trading volume of 2,114,024 shares, the days-to-cover ratio is presently 5.4 days. Approximately 7.2% of the company’s shares are short sold.

Analyst Ratings Changes

AVPT has been the topic of several research analyst reports. Zacks Research cut AvePoint from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 9th. Cantor Fitzgerald cut their price target on shares of AvePoint from $22.50 to $18.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Evercore ISI reduced their price target on shares of AvePoint from $22.00 to $18.00 and set an “outperform” rating for the company in a research report on Friday, November 7th. DA Davidson initiated coverage on shares of AvePoint in a research report on Monday, September 22nd. They issued a “buy” rating and a $20.00 price objective on the stock. Finally, Citigroup reduced their target price on shares of AvePoint from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.66.

AvePoint Trading Down 2.8%

AvePoint stock opened at $12.68 on Monday. The firm has a 50 day simple moving average of $13.34 and a 200 day simple moving average of $15.10. AvePoint has a 1-year low of $11.49 and a 1-year high of $20.25.

AvePoint (NASDAQ:AVPT) last posted 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 firm had revenue of $109.73 million during the quarter, compared to analysts’ expectations of $105.72 million. AvePoint had a return on equity of 0.66% and a net margin of 0.55%. Analysts anticipate that AvePoint will post -0.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Brian Michael Brown sold 1,848 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $15.03, for a total transaction of $27,775.44. Following the transaction, the insider directly owned 631,893 shares of the company’s stock, valued at approximately $9,497,351.79. This represents a 0.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Xunkai Gong sold 41,679 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $13.96, for a total value of $581,838.84. Following the sale, the chairman owned 15,058,989 shares of the company’s stock, valued at $210,223,486.44. This trade represents a 0.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 121,848 shares of company stock worth $1,674,485 in the last quarter. 26.19% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On AvePoint

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its stake in AvePoint by 118.5% during 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 acquiring an additional 3,340 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of AvePoint in the first quarter worth about $276,000. Goldman Sachs Group Inc. grew its holdings in shares of AvePoint by 11.2% in the first quarter. Goldman Sachs Group Inc. now owns 759,647 shares of the company’s stock valued at $10,969,000 after purchasing an additional 76,403 shares in the last quarter. Finally, Focus Partners Wealth purchased a new position in shares of AvePoint in the 1st quarter worth approximately $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.