AvePoint (NASDAQ:AVPT) Issues Earnings Results, Beats Expectations By $0.04 EPS

AvePoint (NASDAQ:AVPT) announced its quarterly earnings data on Thursday. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.04, FiscalAI reports. AvePoint had a return on equity of 10.52% and a net margin of 10.55%.The company had revenue of $124.50 million for the quarter, compared to analyst estimates of $121.38 million.

Here are the key takeaways from AvePoint’s conference call:

• Q2 results exceeded guidance, with revenue of $124.5 million, up 22% year over year, ARR of $465.1 million, up 27%, and record net new ARR of $29.9 million. SaaS revenue grew 27%, while GAAP operating profitability continued for the eighth consecutive quarter.
• AgentPulse is generating strong customer interest as enterprises seek to control AI-agent sprawl, security risks, compliance, and costs. Control package customers roughly doubled sequentially, and AgentPulse-related deals were reportedly two to three times larger on average, although much of the pipeline has not yet converted to bookings.
• Enterprise expansion and channel momentum remained strong, with 911 customers above $100,000 of ARR, larger customer cohorts growing at least 30%, and 59% of ARR coming through partners. Management also cited a seven-figure bank upsell and record additions of SMB and mid-market customers.
• AvePoint raised its full-year ARR outlook by $1 million and expects constant-currency revenue growth of 21% at the midpoint, but increased technology and go-to-market spending to pursue the opportunity. These investments are expected to weigh modestly on near-term operating income while supporting longer-term growth and efficiency.
• Foreign-exchange headwinds more than offset the ARR increase in the reported outlook, including a $5.6 million incremental full-year revenue impact. Net retention remained at 110%, below the company’s long-term 115% target, and services-related gross-margin pressure continued.

AvePoint Stock Down 4.6%

AvePoint stock opened at $12.79 on Friday. The firm has a market capitalization of $2.71 billion, a PE ratio of 60.90 and a beta of 1.16. The firm’s 50-day simple moving average is $11.78 and its 200 day simple moving average is $10.93. AvePoint has a 52 week low of $8.84 and a 52 week high of $18.15.

Analysts Set New Price Targets

A number of analysts recently weighed in on AVPT shares. The Goldman Sachs Group restated a “neutral” rating and issued a $14.00 price target on shares of AvePoint in a research note on Wednesday, May 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of AvePoint in a report on Wednesday, June 24th. Scotiabank decreased their target price on shares of AvePoint from $13.00 to $12.00 and set a “sector outperform” rating on the stock in a research report on Friday, May 8th. Wall Street Zen cut shares of AvePoint from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Zacks Research upgraded shares of AvePoint from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $16.44.

Insider Activity at AvePoint

In related news, insider Brian Michael Brown sold 5,176 shares of AvePoint stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $13.06, for a total transaction of $67,598.56. Following the completion of the transaction, the insider directly owned 809,664 shares in the company, valued at $10,574,211.84. The trade was a 0.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 22.66% of the stock is owned by corporate insiders.

Institutional Trading of AvePoint

Institutional investors and hedge funds have recently made changes to their positions in the stock. US Bancorp DE lifted its stake in shares of AvePoint by 11.2% during the third quarter. US Bancorp DE now owns 7,962 shares of the company’s stock worth $120,000 after purchasing an additional 800 shares in the last quarter. Blair William & Co. IL boosted its holdings in AvePoint by 8.3% in the 4th quarter. Blair William & Co. IL now owns 13,700 shares of the company’s stock worth $190,000 after acquiring an additional 1,050 shares during the period. Xponance LLC boosted its holdings in AvePoint by 11.5% in the 4th quarter. Xponance LLC now owns 11,522 shares of the company’s stock worth $160,000 after acquiring an additional 1,188 shares during the period. Schonfeld Strategic Advisors LLC raised its stake in shares of AvePoint by 9.9% during the third quarter. Schonfeld Strategic Advisors LLC now owns 14,578 shares of the company’s stock valued at $219,000 after purchasing an additional 1,314 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey lifted its position in shares of AvePoint by 3.6% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 38,105 shares of the company’s stock worth $529,000 after purchasing an additional 1,319 shares in the last quarter. 44.49% of the stock is currently owned by hedge funds and other institutional investors.

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.