AvePoint, Inc. (NASDAQ:AVPT) Receives $17.40 Average PT from Analysts

AvePoint, Inc. (NASDAQ:AVPT - Get Free Report) has been assigned an average rating of "Moderate Buy" from the six research firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $17.40.

Several equities research analysts have weighed in on AVPT shares. Scotiabank raised their price target on AvePoint from $19.00 to $22.00 and gave the stock a "sector outperform" rating in a report on Friday, May 9th. William Blair reiterated an "outperform" rating on shares of AvePoint in a research report on Tuesday, March 4th. The Goldman Sachs Group raised 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. Finally, Citigroup dropped their price objective on AvePoint from $18.00 to $16.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th.

Insider Buying and Selling

In other AvePoint news, insider Brian Michael Brown sold 35,000 shares of the company's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $18.19, for a total value of $636,650.00. Following the transaction, the insider now owns 1,277,145 shares of the company's stock, valued at approximately $23,231,267.55. This represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders sold 105,000 shares of company stock worth $1,704,500. Corporate insiders own 26.19% of the company's stock.

Hedge Funds Weigh In On AvePoint

Hedge funds have recently modified their holdings of the stock. Global Retirement Partners LLC bought a new stake in AvePoint during the fourth quarter valued at about $25,000. Heck Capital Advisors LLC acquired a new stake in shares of AvePoint during the fourth quarter worth approximately $29,000. Versant Capital Management Inc bought a new stake in shares of AvePoint during the first quarter valued at approximately $31,000. Point72 Hong Kong Ltd bought a new position in AvePoint in the fourth quarter valued at approximately $40,000. Finally, Summit Securities Group LLC boosted its position in shares of AvePoint by 621.7% during the first quarter. Summit Securities Group LLC now owns 2,627 shares of the company's stock worth $38,000 after purchasing an additional 2,263 shares in the last quarter. 44.49% of the stock is owned by institutional investors and hedge funds.

AvePoint Stock Performance

AVPT stock traded down $0.11 during midday trading on Monday, reaching $18.48. The company's stock had a trading volume of 474,371 shares, compared to its average volume of 1,244,078. The stock has a fifty day simple moving average of $16.20 and a two-hundred day simple moving average of $16.89. AvePoint has a 1 year low of $8.87 and a 1 year high of $20.25. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of -369.43 and a beta of 1.30.

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.