AvePoint (NASDAQ:AVPT) Stock: Insider Brian Michael Brown Sells 3,500 Shares

AvePoint, Inc. (NASDAQ:AVPT – Get Free Report) insider Brian Brown sold 3,500 shares of the stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $15.20, for a total value of $53,200.00. Following the transaction, the insider owned 332,210 shares in the company, valued at $5,049,592. This represents a 1.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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, October 20th, Brian Brown sold 72,606 shares of AvePoint stock. The shares were sold at an average price of $15.26, for a total value of $1,107,967.56.
  • On Tuesday, October 6th, Brian Brown sold 28,894 shares of AvePoint stock. The shares were sold at an average price of $15.15, for a total value of $437,744.10.
  • On Wednesday, September 30th, Brian Brown sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $14.11, for a total value of $141,100.00.
  • On Wednesday, September 23rd, Brian Brown sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $13.07, for a total value of $130,700.00.
  • On Thursday, August 27th, Brian Brown sold 60,000 shares of AvePoint stock. The stock was sold at an average price of $14.20, for a total value of $852,000.00.
  • On Monday, August 24th, Brian Brown sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $13.30, for a total value of $133,000.00.
  • On Wednesday, July 29th, Brian Brown sold 5,176 shares of AvePoint stock. The shares were sold at an average price of $13.06, for a total value of $67,598.56.
  • On Tuesday, July 28th, Brian Brown sold 4,824 shares of AvePoint stock. The shares were sold at an average price of $13.08, for a total value of $63,097.92.

AvePoint Stock Performance

Shares of NASDAQ AVPT opened at $15.72 on Thursday. The firm has a market cap of $3.33 billion, a PE ratio of 49.13 and a beta of 1.17. The firm has a fifty day moving average of $13.75 and a 200 day moving average of $12.03. AvePoint, Inc. has a one year low of $8.84 and a one year high of $15.82.

AvePoint (NASDAQ:AVPT – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.04. AvePoint had a net margin of 15.33% and a return on equity of 15.97%. The business had revenue of $124.50 million for the quarter, compared to the consensus estimate of $121.38 million. On average, equities analysts predict that AvePoint, Inc. will post 0.25 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on AVPT shares. Phillip Securities raised shares of AvePoint to a “moderate buy” rating in a research note on Monday, October 5th. Cantor Fitzgerald reiterated an “overweight” rating on shares of AvePoint in a report on Tuesday, September 22nd. TD Cowen boosted their price objective on AvePoint from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. DA Davidson reiterated a “buy” rating and set a $18.00 price objective on shares of AvePoint in a research note on Monday, July 6th. Finally, Weiss Ratings raised AvePoint from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $16.25.

Get Our Latest Research Report on AvePoint

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its holdings in shares of AvePoint by 42.4% during the third quarter. Nisa Investment Advisors LLC now owns 5,983 shares of the company’s stock worth $84,000 after buying an additional 1,782 shares in the last quarter. Ausbil Investment Management Ltd acquired a new stake in shares of AvePoint in the third quarter valued at about $358,000. Scholtz & Company LLC acquired a new stake in shares of AvePoint in the second quarter valued at about $1,975,000. Integrated Wealth Concepts LLC purchased a new position in shares of AvePoint in the second quarter worth about $96,000. Finally, Allworth Financial LP lifted its stake in shares of AvePoint by 109.6% in the second quarter. Allworth Financial LP now owns 5,065 shares of the company’s stock worth $57,000 after buying an additional 2,649 shares in the last quarter. Hedge funds and other institutional investors own 44.49% of the company’s stock.

About AvePoint

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for AvePoint (NASDAQ:AVPT)

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