AvePoint (NASDAQ:AVPT - Get Free Report) is expected to announce its Q1 2025 earnings results after the market closes on Thursday, May 8th. Analysts expect AvePoint to post earnings of $0.05 per share and revenue of $88.73 million for the quarter.
AvePoint Stock Performance
Shares of AVPT stock traded up $0.01 on Monday, hitting $17.09. The stock had a trading volume of 455,565 shares, compared to its average volume of 1,291,380. The stock's 50 day moving average is $14.90 and its 200-day moving average is $16.19. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of -341.79 and a beta of 1.20. AvePoint has a 52-week low of $8.06 and a 52-week high of $19.90.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the company. Citigroup dropped their target price on AvePoint from $18.00 to $16.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. William Blair restated an "outperform" rating on shares of AvePoint in a report on Tuesday, March 4th. Finally, Scotiabank started coverage on AvePoint in a research report on Thursday. They issued a "sector outperform" rating and a $19.00 target price on the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $16.40.
Check Out Our Latest Stock Analysis on AvePoint
Insider Activity at AvePoint
In other AvePoint news, insider Brian Michael Brown sold 35,000 shares of the firm's stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $15.11, for a total value of $528,850.00. Following the transaction, the insider now owns 1,312,145 shares of the company's stock, valued at $19,826,510.95. This trade represents a 2.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 26.19% of the stock is owned by corporate insiders.
AvePoint Company Profile
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AvePoint, Inc provides cloud-native data management software platform in North America, Europe, Middle East, Africa, and Asia Pacific. It also offers software-as-a-service solutions and productivity applications. The company offers modularity and cloud services architecture to address critical challenges and the management of data to organizations that leverage third-party cloud vendors, including Microsoft, Salesforce, Google, AWS, Box, DropBox, and others; license and support; and maintenance services.
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