AvePoint, Inc. (NASDAQ:AVPT) Receives Average Rating of "Moderate Buy" from Analysts

AvePoint, Inc. (NASDAQ:AVPT - Get Free Report) has earned an average rating of "Moderate Buy" from the six analysts that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $17.40.

A number of equities research analysts have recently weighed in on the stock. Citigroup reduced their price objective on shares of AvePoint from $18.00 to $16.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Scotiabank increased their target price on shares of AvePoint from $19.00 to $22.00 and gave the company a "sector outperform" rating in a research report on Friday, May 9th. William Blair reaffirmed an "outperform" rating on shares of AvePoint in a research report on Tuesday, March 4th. Finally, The Goldman Sachs Group increased their target price on shares of AvePoint from $15.00 to $17.00 and gave the company a "neutral" rating in a research report on Monday, May 12th.

AvePoint Price Performance

Shares of AVPT traded down $0.07 during midday trading on Monday, reaching $18.59. The stock had a trading volume of 1,548,293 shares, compared to its average volume of 1,245,744. AvePoint has a 1-year low of $8.87 and a 1-year high of $20.25. The company's fifty day simple moving average is $16.13 and its two-hundred day simple moving average is $16.88. The company has a market cap of $3.78 billion, a price-to-earnings ratio of -371.73 and a beta of 1.30.

Insider Activity at AvePoint

In other AvePoint news, insider Brian Michael Brown sold 35,000 shares of AvePoint stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $18.19, for a total value of $636,650.00. Following the transaction, the insider now directly owns 1,277,145 shares in the company, valued at approximately $23,231,267.55. The trade was a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 105,000 shares of company stock valued at $1,704,500 in the last ninety days. Insiders own 26.19% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AVPT. Global Retirement Partners LLC acquired a new position in AvePoint in the fourth quarter valued at $25,000. Heck Capital Advisors LLC acquired a new position in AvePoint in the fourth quarter valued at $29,000. Versant Capital Management Inc acquired a new position in AvePoint in the first quarter valued at $31,000. Summit Securities Group LLC increased its stake in 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 purchasing an additional 2,263 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new position in AvePoint in the fourth quarter valued at $40,000. 44.49% of the stock is currently owned by institutional investors and hedge funds.

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.