AvePoint (NASDAQ:AVPT) Shares Down 5.4% – Time to Sell?

AvePoint, Inc. (NASDAQ:AVPT) fell 5.4% on Friday . The stock traded as low as $13.26 and last traded at $13.1450. 199,468 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 2,249,910 shares. The stock had previously closed at $13.89.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Robert W. Baird initiated coverage on AvePoint in a research report on Monday, October 27th. They issued a “neutral” rating and a $17.00 price target on the stock. Dbs Bank upgraded shares of AvePoint to a “moderate buy” rating in a research note on Monday, October 6th. Stephens began coverage on shares of AvePoint in a research report on Monday. They issued an “overweight” rating and a $18.00 target price for the company. Wall Street Zen raised shares of AvePoint from a “hold” rating to a “buy” rating in a report on Sunday, November 9th. Finally, DA Davidson initiated coverage on shares of AvePoint in a research report on Monday, September 22nd. They set a “buy” rating and a $20.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.94.

AvePoint Price Performance

The business’s 50-day simple moving average is $13.48 and its two-hundred day simple moving average is $15.56.

AvePoint (NASDAQ:AVPT) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The firm had revenue of $109.73 million during the quarter, compared to the consensus estimate of $105.72 million. AvePoint had a net margin of 0.55% and a return on equity of 0.66%. Equities research analysts expect that AvePoint, Inc. will post -0.03 EPS for the current fiscal year.

Insider Transactions at AvePoint

In other news, Chairman Xunkai Gong sold 18,321 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $13.80, for a total transaction of $252,829.80. Following the sale, the chairman directly owned 15,040,668 shares in the company, valued at approximately $207,561,218.40. The trade was a 0.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Brian Michael Brown sold 1,848 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $15.03, for a total transaction of $27,775.44. Following the completion of the transaction, the insider owned 631,893 shares of the company’s stock, valued at approximately $9,497,351.79. This trade represents a 0.29% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 121,848 shares of company stock worth $1,780,086 over the last three months. Insiders own 26.19% of the company’s stock.

Hedge Funds Weigh In On AvePoint

Hedge funds have recently modified their holdings of the business. Okabena Investment Services Inc. bought a new stake in shares of AvePoint during the 2nd quarter valued at about $780,000. Quantbot Technologies LP boosted its holdings in shares of AvePoint by 6,801.0% during the 2nd quarter. Quantbot Technologies LP now owns 307,026 shares of the company’s stock worth $5,929,000 after buying an additional 302,577 shares in the last quarter. Next Century Growth Investors LLC grew its position in shares of AvePoint by 53.0% during the 2nd quarter. Next Century Growth Investors LLC now owns 1,019,773 shares of the company’s stock worth $19,692,000 after buying an additional 353,089 shares during the period. EFG Asset Management North America Corp. increased its stake in shares of AvePoint by 136.1% in the 2nd quarter. EFG Asset Management North America Corp. now owns 163,066 shares of the company’s stock valued at $3,150,000 after acquiring an additional 93,994 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in shares of AvePoint by 37.0% during the 2nd quarter. Jennison Associates LLC now owns 2,908,473 shares of the company’s stock valued at $56,163,000 after acquiring an additional 786,016 shares during the period. Institutional investors and hedge funds own 44.49% of the company’s stock.

AvePoint Company Profile

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.