AvePoint (AVPT) to Release Earnings on Thursday

AvePoint (NASDAQ:AVPT - Get Free Report) is anticipated to announce its Q1 2025 earnings results after the market closes on Thursday, May 8th. Analysts expect the company to announce earnings of $0.05 per share and revenue of $88.73 million for the quarter.

AvePoint Price Performance

NASDAQ AVPT traded down $0.02 during trading on Tuesday, reaching $17.02. 163,449 shares of the company's stock traded hands, compared to its average volume of 1,216,550. The company's 50 day simple moving average is $14.89 and its two-hundred day simple moving average is $16.23. AvePoint has a 12-month low of $8.06 and a 12-month high of $19.90. The firm has a market cap of $3.44 billion, a price-to-earnings ratio of -339.63 and a beta of 1.30.

Insider Activity

In other AvePoint news, insider Brian Michael Brown sold 35,000 shares of AvePoint stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $15.40, for a total transaction of $539,000.00. Following the completion of the sale, the insider now directly owns 1,347,145 shares in the company, valued at $20,746,033. This trade represents a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 26.19% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on AVPT. William Blair reaffirmed an "outperform" rating on shares of AvePoint in a research report on Tuesday, March 4th. Scotiabank assumed coverage on shares of AvePoint in a report on Thursday, May 1st. They issued a "sector outperform" rating and a $19.00 price target on the stock. Finally, Citigroup cut their price objective on shares of AvePoint from $18.00 to $16.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $16.40.

AvePoint Company Profile

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.