AvePoint, Inc. (NASDAQ:AVPT) Insider Brian Michael Brown Sells 35,000 Shares

Key Points

• Insider Selling: Brian Michael Brown, an insider at AvePoint, Inc., sold 35,000 shares at an average price of $18.74, totaling approximately $655,900. This transaction reduced his ownership in the company by 2.86%.
• Stock Performance: AvePoint's stock opened at $18.58 and has fluctuated between a 12-month low of $9.38 and a high of $20.25, with a current market cap of $3.78 billion.
• Analyst Ratings: Analysts have increased AvePoint's price target, with Scotiabank and Jefferies setting targets of $22.00, indicating a general optimism with an average rating of "Moderate Buy."

AvePoint, Inc. (NASDAQ:AVPT - Get Free Report) insider Brian Michael Brown sold 35,000 shares of the company's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $18.74, for a total transaction of $655,900.00. Following the sale, the insider directly owned 1,190,443 shares of the company's stock, valued at $22,308,901.82. This represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Monday, June 23rd, Brian Michael Brown sold 35,000 shares of AvePoint stock. The stock was sold at an average price of $18.23, for a total transaction of $638,050.00.
• 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.

AvePoint Stock Up 0.4%

Shares of AvePoint stock opened at $18.58 on Friday. AvePoint, Inc. has a 12-month low of $9.38 and a 12-month high of $20.25. The business's 50 day moving average is $18.74 and its 200-day moving average is $17.25. The stock has a market cap of $3.78 billion, a P/E ratio of -142.82 and a beta of 1.33.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Cibc World Markets Corp acquired a new stake in shares of AvePoint during the fourth quarter valued at about $199,000. Teacher Retirement System of Texas increased its holdings in shares of AvePoint by 390.3% during the fourth quarter. Teacher Retirement System of Texas now owns 152,728 shares of the company's stock valued at $2,522,000 after acquiring an additional 121,576 shares in the last quarter. Virtu Financial LLC bought a new stake in AvePoint during the fourth quarter worth $209,000. American Century Companies Inc. bought a new stake in AvePoint during the fourth quarter worth $578,000. Finally, KLP Kapitalforvaltning AS purchased a new position in AvePoint in the fourth quarter worth $371,000. Institutional investors own 44.49% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Scotiabank increased their price target on AvePoint from $19.00 to $22.00 and gave the company a "sector outperform" rating in a report on Friday, May 9th. Jefferies Financial Group started coverage on shares of AvePoint in a research note on Monday. They set a "buy" rating and a $22.00 price target on the stock. Finally, The Goldman Sachs Group lifted their price objective on AvePoint from $15.00 to $17.00 and gave the company a "neutral" rating in a report on Monday, May 12th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $18.17.

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.

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