176,175 Shares in AvePoint, Inc. $AVPT Bought by Scholtz & Company LLC

Scholtz & Company LLC bought a new stake in AvePoint, Inc. (NASDAQ:AVPT) during the second quarter, HoldingsChannel.com reports. The fund bought 176,175 shares of the company’s stock, valued at approximately $1,975,000.

A number of other hedge funds have also bought and sold shares of AVPT. Kestra Advisory Services LLC bought a new position in shares of AvePoint in the 4th quarter valued at $28,000. PNC Financial Services Group Inc. lifted its stake in 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 in the last quarter. Vestcor Inc purchased a new stake in shares of AvePoint during the third quarter valued at approximately $45,000. Kemnay Advisory Services Inc. bought a new position in shares of AvePoint during the 4th quarter valued at approximately $47,000. Finally, GAMMA Investing LLC lifted its holdings in 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 purchasing an additional 802 shares during the last quarter. 44.49% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Brian Brown sold 60,000 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $14.20, for a total transaction of $852,000.00. Following the completion of the sale, the insider owned 384,604 shares in the company, valued at approximately $5,461,376.80. The trade was a 13.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 80,000 shares of company stock worth $1,115,696. 22.66% of the stock is owned by insiders.

AvePoint Stock Performance

Shares of AvePoint stock opened at $12.96 on Thursday. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of 40.50 and a beta of 1.19. AvePoint, Inc. has a fifty-two week low of $8.84 and a fifty-two week high of $16.77. The stock has a 50 day moving average of $13.02 and a 200 day moving average of $11.26.

AvePoint (NASDAQ:AVPT) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. AvePoint had a net margin of 15.33% and a return on equity of 15.97%. The company had revenue of $124.50 million during the quarter, compared to the consensus estimate of $121.38 million. Analysts forecast that AvePoint, Inc. will post 0.25 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AVPT. Zacks Research cut shares of AvePoint from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Scotiabank boosted their target price on AvePoint from $12.00 to $15.00 and gave the stock a “sector outperform” rating in a report on Friday, August 7th. TD Cowen increased their price objective on shares of AvePoint from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Citigroup restated a “neutral” rating on shares of AvePoint in a research report on Wednesday, August 12th. Finally, Evercore restated an “outperform” rating and set a $16.00 target price on shares of AvePoint in a research report on Friday, August 7th. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $16.44.

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.