AvePoint (NASDAQ:AVPT) Insider Brian Michael Brown Sells 5,176 Shares

AvePoint, Inc. (NASDAQ:AVPT) insider Brian Michael Brown sold 5,176 shares of AvePoint stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $13.06, for a total transaction of $67,598.56. Following the sale, the insider owned 809,664 shares of the company’s stock, valued at approximately $10,574,211.84. This trade represents a 0.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Brian Michael Brown also recently made the following trade(s):

• On Tuesday, July 28th, Brian Michael Brown sold 4,824 shares of AvePoint stock. The shares were sold at an average price of $13.08, for a total transaction of $63,097.92.

AvePoint Stock Performance

Shares of AVPT opened at $12.82 on Friday. AvePoint, Inc. has a 1 year low of $8.84 and a 1 year high of $19.95. The company’s 50 day simple moving average is $11.48 and its 200 day simple moving average is $10.93. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 61.05 and a beta of 1.16.

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

Analyst Ratings Changes

Several equities analysts recently commented on AVPT shares. The Goldman Sachs Group reiterated a “neutral” rating and issued a $14.00 target price on shares of AvePoint in a research note on Wednesday, May 13th. DA Davidson reissued a “buy” rating and issued a $18.00 price target on shares of AvePoint in a research note on Monday, July 6th. Zacks Research upgraded AvePoint from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. Scotiabank dropped their price objective on shares of AvePoint from $13.00 to $12.00 and set a “sector outperform” rating for the company in a research note on Friday, May 8th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of AvePoint in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.44.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Handelsbanken Fonder AB increased its stake in AvePoint by 43.4% during the second quarter. Handelsbanken Fonder AB now owns 44,300 shares of the company’s stock worth $497,000 after acquiring an additional 13,400 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of AvePoint by 26.6% in the 2nd quarter. GAMMA Investing LLC now owns 3,814 shares of the company’s stock valued at $43,000 after purchasing an additional 802 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of AvePoint by 26.8% in the 2nd quarter. Versant Capital Management Inc now owns 8,044 shares of the company’s stock valued at $90,000 after purchasing an additional 1,701 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of AvePoint by 25.8% during the 1st quarter. Pacer Advisors Inc. now owns 26,892 shares of the company’s stock worth $256,000 after purchasing an additional 5,511 shares during the period. Finally, Bank of America Corp DE grew its holdings in shares of AvePoint by 185.8% during the 1st quarter. Bank of America Corp DE now owns 1,253,662 shares of the company’s stock worth $11,922,000 after purchasing an additional 815,074 shares during the period. Institutional investors and hedge funds own 44.49% of the company’s stock.

About AvePoint

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.