Brian Michael Brown Sells 10,000 Shares of AvePoint (NASDAQ:AVPT) Stock

AvePoint, Inc. (NASDAQ:AVPT) insider Brian Michael Brown sold 10,000 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $13.30, for a total transaction of $133,000.00. Following the transaction, the insider owned 444,604 shares in the company, valued at $5,913,233.20. This represents a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 Wednesday, July 29th, Brian Michael Brown sold 5,176 shares of AvePoint stock. The stock was sold at an average price of $13.06, for a total value of $67,598.56.
• 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 Price Performance

AvePoint stock traded up $0.14 during trading hours on Wednesday, hitting $13.21. The company had a trading volume of 1,098,064 shares, compared to its average volume of 2,073,499. AvePoint, Inc. has a one year low of $8.84 and a one year high of $16.77. The firm has a market cap of $2.79 billion, a PE ratio of 41.28 and a beta of 1.16. The firm has a 50-day moving average of $12.38 and a 200 day moving average of $11.03.

AvePoint (NASDAQ:AVPT) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.04. AvePoint had a return on equity of 15.97% and a net margin of 15.33%.The firm had revenue of $124.50 million for the quarter, compared to analysts’ expectations of $121.38 million. As a group, research analysts expect that AvePoint, Inc. will post 0.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

AVPT has been the subject of several recent analyst reports. DA Davidson restated a “buy” rating and set a $18.00 target price on shares of AvePoint in a research note on Monday, July 6th. Citigroup reaffirmed a “neutral” rating on shares of AvePoint in a report on Wednesday, August 12th. Wall Street Zen cut shares of AvePoint from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Zacks Research lowered AvePoint from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Finally, Weiss Ratings upgraded shares of AvePoint from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.44.

Institutional Investors Weigh In On AvePoint

Several hedge funds and other institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its holdings in AvePoint by 933.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,977 shares of the company’s stock worth $28,000 after purchasing an additional 2,689 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of AvePoint in the 4th quarter worth approximately $28,000. GAMMA Investing LLC increased its position in shares of AvePoint by 26.6% during the second quarter. GAMMA Investing LLC now owns 3,814 shares of the company’s stock valued at $43,000 after acquiring an additional 802 shares during the last quarter. Vestcor Inc purchased a new position in AvePoint in the third quarter worth $45,000. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of AvePoint during the 4th quarter worth $47,000. 44.49% of the stock is owned by institutional investors.

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.