Angeles Wealth Management LLC Invests $1.78 Million in AvePoint, Inc. $AVPT

Angeles Wealth Management LLC purchased a new position in AvePoint, Inc. (NASDAQ:AVPT) in the first quarter, HoldingsChannel reports. The fund purchased 187,493 shares of the company’s stock, valued at approximately $1,783,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Morgan Stanley increased its holdings in AvePoint by 372.6% in the fourth quarter. Morgan Stanley now owns 7,871,282 shares of the company’s stock valued at $109,332,000 after buying an additional 6,205,829 shares during the last quarter. Parsifal Capital Management LP raised its stake in AvePoint by 61.2% during the third quarter. Parsifal Capital Management LP now owns 8,522,740 shares of the company’s stock valued at $127,926,000 after buying an additional 3,235,384 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in AvePoint by 620.9% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,140,572 shares of the company’s stock worth $29,733,000 after buying an additional 1,843,641 shares during the last quarter. SG Americas Securities LLC lifted its holdings in AvePoint by 335.2% during the 1st quarter. SG Americas Securities LLC now owns 2,391,696 shares of the company’s stock worth $22,745,000 after buying an additional 1,842,124 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in AvePoint by 583.4% during the 3rd quarter. Millennium Management LLC now owns 1,394,604 shares of the company’s stock worth $20,959,000 after buying an additional 1,190,541 shares during the last quarter. 44.49% of the stock is owned by institutional investors and hedge funds.

AvePoint Price Performance

Shares of NASDAQ AVPT opened at $13.19 on Friday. AvePoint, Inc. has a 1-year low of $8.84 and a 1-year high of $19.95. The business’s fifty day moving average price is $10.98 and its two-hundred day moving average price is $11.00. The firm has a market capitalization of $2.80 billion, a PE ratio of 62.81 and a beta of 1.16.

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AVPT. Zacks Research upgraded AvePoint from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. William Blair restated a “market perform” rating on shares of AvePoint in a research note on Monday, March 23rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AvePoint in a report on Wednesday, June 24th. Scotiabank lowered their target price 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, The Goldman Sachs Group reiterated a “neutral” rating and set a $14.00 target price on shares of AvePoint in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.44.

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.