CenterBook Partners LP lifted its stake in AvePoint, Inc. (NASDAQ:AVPT – Free Report) by 33.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 237,859 shares of the company’s stock after acquiring an additional 59,030 shares during the quarter. CenterBook Partners LP’s holdings in AvePoint were worth $3,349,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of AVPT. GAMMA Investing LLC raised its holdings in AvePoint by 26.6% during the second quarter. GAMMA Investing LLC now owns 3,814 shares of the company’s stock worth $43,000 after acquiring an additional 802 shares in the last quarter. Smith Group Asset Management LLC boosted its holdings in shares of AvePoint by 1.6% in the 3rd quarter. Smith Group Asset Management LLC now owns 63,622 shares of the company’s stock valued at $896,000 after buying an additional 984 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of AvePoint by 21.2% in the 3rd quarter. Signaturefd LLC now owns 5,739 shares of the company’s stock valued at $81,000 after buying an additional 1,005 shares during the last quarter. Versant Capital Management Inc boosted its holdings 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 buying an additional 1,701 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of AvePoint by 42.4% in the third quarter. Nisa Investment Advisors LLC now owns 5,983 shares of the company’s stock valued at $84,000 after buying an additional 1,782 shares in the last quarter. Institutional investors and hedge funds own 44.49% of the company’s stock.
AvePoint News Summary
Here are the key news stories impacting AvePoint this week:
- Positive Sentiment: Third-quarter revenue rose 19% year over year to $131.1 million, topping analyst expectations of $129.39 million. SaaS revenue grew 26% to $105.5 million, while total annual recurring revenue increased 27% to $495.1 million—indicators of continued demand and recurring-revenue growth. AvePoint third-quarter results
- Positive Sentiment: AvePoint expects full-year 2026 revenue of $511.3 million to $513.3 million, slightly above FactSet’s $511 million estimate. The company’s raised outlook may support investor confidence in its growth trajectory. AvePoint revenue outlook
- Positive Sentiment: Cantor Fitzgerald raised its price target to $19 from $15 and maintained an Overweight rating, signaling increased analyst optimism. Cantor Fitzgerald ratings
- Neutral Sentiment: AvePoint appointed Ali Rohani as chief strategy and customer officer. The appointment may inform the company’s strategic direction, but its near-term financial impact is unclear. Leadership appointment
- Negative Sentiment: EPS coverage is mixed: Zacks reports $0.12 per share versus an $0.08 consensus, while MarketBeat reports $0.08 versus a $0.09 consensus. The differing figures may reflect different earnings measures, but the reported miss could temper the otherwise positive revenue and growth news. Zacks earnings report
Analyst Upgrades and Downgrades
View Our Latest Stock Analysis on AvePoint
AvePoint Stock Up 0.8%
Shares of AVPT stock opened at $16.55 on Friday. AvePoint, Inc. has a 12-month low of $8.84 and a 12-month high of $17.52. The company has a market capitalization of $3.50 billion, a PE ratio of 48.68 and a beta of 1.13. The firm has a 50 day moving average price of $14.54 and a two-hundred day moving average price of $12.00.
AvePoint (NASDAQ:AVPT – Get Free Report) last posted its earnings results on Thursday, November 5th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). The firm had revenue of $131.10 million during the quarter, compared to analyst estimates of $129.39 million. AvePoint had a net margin of 15.67% and a return on equity of 17.11%. As a group, research analysts expect that AvePoint, Inc. will post 0.25 EPS for the current year.
Insiders Place Their Bets
In related news, insider Brian Brown sold 35,000 shares of the business’s stock in a transaction on Friday, October 23rd. The stock was sold at an average price of $16.42, for a total value of $574,700.00. Following the completion of the sale, the insider directly owned 224,604 shares in the company, valued at $3,687,997.68. The trade was a 13.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 230,000 shares of company stock worth $3,430,412. Company insiders own 22.66% of the company’s stock.
AvePoint Company Profile
AvePoint, Inc (NASDAQ:AVPT) is a data management and governance software company that helps organizations protect, manage and modernize information across cloud, hybrid and on-premises environments. Its solutions are designed primarily for collaboration and productivity platforms, including Microsoft 365, SharePoint, Dynamics 365 and Salesforce.
The company’s product portfolio includes cloud backup and recovery, data migration, governance, security, compliance and administration tools.
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