AvePoint, Inc. (NASDAQ:AVPT) Insider Sells $638,050.00 in Stock

AvePoint, Inc. (NASDAQ:AVPT - Get Free Report) insider Brian Michael Brown sold 35,000 shares of the stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $18.23, for a total transaction of $638,050.00. Following the transaction, the insider now directly owns 1,225,443 shares in the company, valued at $22,339,825.89. The trade was a 2.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Brian Michael Brown also recently made the following trade(s):

• On Friday, May 23rd, Brian Michael Brown sold 35,000 shares of AvePoint stock. The shares were sold at an average price of $18.19, for a total transaction of $636,650.00.
• On Wednesday, April 23rd, Brian Michael Brown sold 35,000 shares of AvePoint stock. The stock was sold at an average price of $15.11, for a total value of $528,850.00.

AvePoint Stock Performance

AVPT opened at $19.22 on Friday. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of -147.83 and a beta of 1.34. The firm's 50-day simple moving average is $18.11 and its 200-day simple moving average is $17.10. AvePoint, Inc. has a twelve month low of $9.38 and a twelve month high of $20.25.

Analyst Ratings Changes

Several brokerages have recently issued reports on AVPT. Scotiabank raised their price target on AvePoint from $19.00 to $22.00 and gave the company a "sector outperform" rating in a research report on Friday, May 9th. Citigroup decreased their price target on shares of AvePoint from $18.00 to $16.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. William Blair restated an "outperform" rating on shares of AvePoint in a research note on Tuesday, March 4th. Finally, The Goldman Sachs Group raised their price objective on shares of AvePoint from $15.00 to $17.00 and gave the stock a "neutral" rating in a report on Monday, May 12th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $17.40.

Institutional Trading of AvePoint

Several large investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new position in shares of AvePoint in the 4th quarter worth approximately $25,000. Heck Capital Advisors LLC bought a new stake in shares of AvePoint during the fourth quarter worth $29,000. Versant Capital Management Inc acquired a new stake in shares of AvePoint in the first quarter valued at $31,000. Summit Securities Group LLC increased its stake in shares of AvePoint by 621.7% in the first quarter. Summit Securities Group LLC now owns 2,627 shares of the company's stock valued at $38,000 after buying an additional 2,263 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in shares of AvePoint in the fourth quarter valued at about $40,000. 44.49% of the stock is owned by institutional investors.

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.