AvePoint, Inc. (NASDAQ:AVPT) CFO Sells $361,600.00 in Stock

AvePoint, Inc. (NASDAQ:AVPT) CFO James Caci sold 40,000 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $9.04, for a total value of $361,600.00. Following the sale, the chief financial officer now directly owns 665,097 shares in the company, valued at approximately $6,012,476.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

James Caci also recently made the following trade(s):

• On Wednesday, March 20th, James Caci sold 3,061 shares of AvePoint stock. The stock was sold at an average price of $8.00, for a total value of $24,488.00.

AvePoint Price Performance

NASDAQ:AVPT opened at $9.38 on Friday. The firm has a market capitalization of $1.73 billion, a PE ratio of -117.25 and a beta of 0.84. The business’s fifty day moving average price is $8.10 and its 200 day moving average price is $8.05. AvePoint, Inc. has a 12 month low of $5.46 and a 12 month high of $9.60.

AvePoint (NASDAQ:AVPT) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.04. The company had revenue of $74.53 million for the quarter, compared to analyst estimates of $72.33 million. AvePoint had a negative return on equity of 6.56% and a negative net margin of 4.91%. The business’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same quarter last year, the company posted ($0.05) earnings per share. As a group, equities analysts anticipate that AvePoint, Inc. will post -0.15 EPS for the current year.

Hedge Funds Weigh In On AvePoint

Hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp grew its holdings in shares of AvePoint by 274.5% during the third quarter. Bank of New York Mellon Corp now owns 1,835,402 shares of the company’s stock worth $12,334,000 after purchasing an additional 1,345,267 shares during the last quarter. Trexquant Investment LP purchased a new position in shares of AvePoint during the third quarter worth about $402,000. Herald Investment Management Ltd grew its holdings in shares of AvePoint by 20.4% during the third quarter. Herald Investment Management Ltd now owns 425,000 shares of the company’s stock worth $2,848,000 after purchasing an additional 71,993 shares during the last quarter. Jump Financial LLC purchased a new position in shares of AvePoint during the third quarter worth about $645,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of AvePoint during the fourth quarter worth about $3,590,000. Hedge funds and other institutional investors own 44.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Cantor Fitzgerald upped their price objective on AvePoint from $10.00 to $11.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. Evercore ISI increased their target price on AvePoint from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Friday, March 1st.

About AvePoint

AvePoint, Inc provides cloud-native data management software platform in North America, Europe, Middle East, Africa, and Asia Pacific. It also offers software-as-a-service solutions and productivity applications. The company offers modularity and cloud services architecture to address critical challenges and the management of data to organizations that leverage third-party cloud vendors, including Microsoft, Salesforce, Google, AWS, Box, DropBox, and others; license and support; and maintenance services.