AvePoint, Inc. $AVPT Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. boosted its holdings in AvePoint, Inc. (NASDAQ:AVPT) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,404,543 shares of the company’s stock after purchasing an additional 195,404 shares during the quarter. Vanguard Group Inc. owned approximately 0.08% of AvePoint worth $241,749,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. US Bancorp DE boosted its holdings in AvePoint by 11.2% in 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in AvePoint by 1.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,586 shares of the company’s stock worth $786,000 after purchasing an additional 1,016 shares during the period. Schonfeld Strategic Advisors LLC boosted its holdings in AvePoint by 9.9% in the third quarter. Schonfeld Strategic Advisors LLC now owns 14,578 shares of the company’s stock worth $219,000 after purchasing an additional 1,314 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in AvePoint by 2.0% in the second quarter. The Manufacturers Life Insurance Company now owns 69,271 shares of the company’s stock worth $1,338,000 after purchasing an additional 1,378 shares during the period. Finally, Balboa Wealth Partners boosted its holdings in AvePoint by 11.4% in the fourth quarter. Balboa Wealth Partners now owns 13,986 shares of the company’s stock worth $194,000 after purchasing an additional 1,427 shares during the period. Institutional investors and hedge funds own 44.49% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on AVPT. TD Cowen decreased their price objective on shares of AvePoint from $17.00 to $16.00 and set a “buy” rating for the company in a report on Friday, February 27th. William Blair reaffirmed a “market perform” rating on shares of AvePoint in a report on Monday, March 23rd. Scotiabank decreased their price objective on shares of AvePoint from $13.00 to $12.00 and set a “sector outperform” rating for the company in a report on Friday. DA Davidson decreased their price objective on shares of AvePoint from $20.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, February 19th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AvePoint in a report on Friday, March 27th. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.69.

AvePoint Stock Performance

Shares of AVPT opened at $11.40 on Friday. AvePoint, Inc. has a 1 year low of $8.84 and a 1 year high of $20.25. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 54.29 and a beta of 1.16. The firm has a fifty day moving average of $10.12 and a 200-day moving average of $11.90.

AvePoint (NASDAQ:AVPT) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). AvePoint had a net margin of 10.55% and a return on equity of 10.38%. The firm had revenue of $117.24 million for the quarter, compared to analyst estimates of $116.43 million. Analysts predict that AvePoint, Inc. will post 0.16 EPS for the current year.

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.