Brian Michael Brown Sells 4,824 Shares of AvePoint (NASDAQ:AVPT) Stock

AvePoint, Inc. (NASDAQ:AVPT) insider Brian Michael Brown sold 4,824 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $13.08, for a total value of $63,097.92. Following the sale, the insider owned 814,840 shares of the company’s stock, valued at approximately $10,658,107.20. This represents a 0.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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 shares were sold at an average price of $13.06, for a total value of $67,598.56.

AvePoint Price Performance

Shares of NASDAQ AVPT opened at $13.03 on Friday. The business’s 50-day moving average price is $11.54 and its two-hundred day moving average price is $10.94. AvePoint, Inc. has a one year low of $8.84 and a one year high of $19.95. The company has a market capitalization of $2.76 billion, a P/E ratio of 62.05 and a beta of 1.16.

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

Analysts Set New Price Targets

A number of research firms recently commented on AVPT. DA Davidson restated a “buy” rating and issued a $18.00 price objective on shares of AvePoint in a report on Monday, July 6th. Wall Street Zen cut shares of AvePoint from a “buy” rating to a “hold” rating in a research note on Saturday. Scotiabank decreased 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 report on Friday, May 8th. Weiss Ratings restated a “hold (c-)” rating on shares of AvePoint in a research note on Wednesday, June 24th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $14.00 price target on shares of AvePoint in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $16.44.

Institutional Trading of AvePoint

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