AvePoint, Inc. $AVPT Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its stake in shares of AvePoint, Inc. (NASDAQ:AVPT) by 335.2% during the 1st quarter, Holdings Channel.com reports. The fund owned 2,391,696 shares of the company’s stock after purchasing an additional 1,842,124 shares during the quarter. SG Americas Securities LLC’s holdings in AvePoint were worth $22,745,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Balboa Wealth Partners boosted its stake in AvePoint by 43.6% in the first quarter. Balboa Wealth Partners now owns 20,082 shares of the company’s stock valued at $191,000 after acquiring an additional 6,096 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in shares of AvePoint by 31.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 37,621 shares of the company’s stock worth $523,000 after purchasing an additional 8,925 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of AvePoint by 81.2% during the fourth quarter. Pacer Advisors Inc. now owns 21,381 shares of the company’s stock worth $297,000 after purchasing an additional 9,580 shares in the last quarter. Vident Advisory LLC lifted its holdings in shares of AvePoint by 17.6% in the 4th quarter. Vident Advisory LLC now owns 25,690 shares of the company’s stock valued at $357,000 after purchasing an additional 3,843 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of AvePoint in the 4th quarter valued at about $515,000. 44.49% of the stock is owned by hedge funds and other institutional investors.

AvePoint Stock Performance

Shares of AVPT opened at $10.40 on Thursday. AvePoint, Inc. has a fifty-two week low of $8.84 and a fifty-two week high of $19.95. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 49.55 and a beta of 1.18. The firm has a 50-day simple moving average of $10.34 and a 200-day simple moving average of $11.19.

AvePoint (NASDAQ:AVPT) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The company had revenue of $117.24 million during the quarter, compared to analyst estimates of $116.43 million. AvePoint had a net margin of 10.55% and a return on equity of 10.52%. Equities research analysts forecast that AvePoint, Inc. will post 0.21 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Citigroup dropped their price target on AvePoint from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note on Monday, March 2nd. William Blair reiterated a “market perform” rating on shares of AvePoint in a research note on Monday, March 23rd. Scotiabank decreased their price objective on AvePoint from $13.00 to $12.00 and set a “sector outperform” rating for the company in a report on Friday, May 8th. TD Cowen lowered their target price on shares of AvePoint from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Finally, Cantor Fitzgerald cut their target price on shares of AvePoint from $18.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $16.44.

AvePoint 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.