AvePoint, Inc. $AVPT Shares Newly Purchased by Isthmus Partners LLC

Isthmus Partners LLC purchased a new position in AvePoint, Inc. (NASDAQ:AVPT) during the 3rd quarter, HoldingsChannel reports. The firm purchased 178,856 shares of the company’s stock, valued at approximately $2,518,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of AVPT. Dimensional Fund Advisors LP boosted its position in shares of AvePoint by 25.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,264,082 shares of the company’s stock valued at $31,040,000 after purchasing an additional 666,422 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of AvePoint by 106.7% in the 2nd quarter. Wellington Management Group LLP now owns 2,776,579 shares of the company’s stock worth $31,125,000 after purchasing an additional 1,433,299 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of AvePoint by 25.0% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,675,587 shares of the company’s stock worth $25,445,000 after purchasing an additional 535,015 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of AvePoint by 16.4% in the 1st quarter. Renaissance Technologies LLC now owns 2,580,153 shares of the company’s stock worth $24,537,000 after purchasing an additional 363,200 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of AvePoint by 335.2% in the 1st quarter. SG Americas Securities LLC now owns 2,391,696 shares of the company’s stock worth $22,745,000 after purchasing an additional 1,842,124 shares in the last quarter. 44.49% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other AvePoint news, insider Brian Brown sold 72,606 shares of the company’s stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $15.26, for a total transaction of $1,107,967.56. Following the completion of the sale, the insider directly owned 259,604 shares of the company’s stock, valued at approximately $3,961,557.04. This represents a 21.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 205,000 shares of company stock worth $2,986,408 over the last ninety days. 22.66% of the stock is currently owned by corporate insiders.

AvePoint Stock Up 2.3%

Shares of NASDAQ AVPT opened at $16.08 on Friday. AvePoint, Inc. has a 12 month low of $8.84 and a 12 month high of $16.11. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 50.25 and a beta of 1.17. The business has a fifty day simple moving average of $13.79 and a 200-day simple moving average of $12.08.

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on AVPT shares. Zacks Research lowered shares of AvePoint from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Wall Street Zen cut shares of AvePoint from a “buy” rating to a “hold” rating in a report on Saturday, October 10th. Stephens lifted their price target on shares of AvePoint from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Monday, September 21st. Scotiabank lifted their price target on shares of AvePoint from $12.00 to $15.00 and gave the stock a “sector outperform” rating in a research report on Friday, August 7th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of AvePoint in a report on Tuesday, September 22nd. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $16.25.

AvePoint Profile

AvePoint, Inc (NASDAQ:AVPT) is a data management and governance software company that helps organizations protect, manage and modernize information across cloud, hybrid and on-premises environments. Its solutions are designed primarily for collaboration and productivity platforms, including Microsoft 365, SharePoint, Dynamics 365 and Salesforce.

The company’s product portfolio includes cloud backup and recovery, data migration, governance, security, compliance and administration tools.