176,175 Shares in AvePoint, Inc. $AVPT Acquired by Scholtz & Company LLC

Key Points

• Scholtz & Company acquired 176,175 AvePoint shares worth approximately $1.98 million, while institutional investors collectively held 44.49% of the company.
• AvePoint exceeded quarterly expectations, reporting $0.12 EPS versus $0.08 expected and revenue of $124.5 million compared with the $121.38 million consensus estimate.
• Analyst sentiment remains positive but mixed: the stock carries a “Moderate Buy” consensus rating with a $16.44 average price target, while some firms recently downgraded it to “Hold.”

Scholtz & Company LLC bought a new stake in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 176,175 shares of the company's stock, valued at approximately $1,975,000. Scholtz & Company LLC owned approximately 0.08% of AvePoint as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. AQR Capital Management LLC grew its position in shares of AvePoint by 118.5% during the first quarter. AQR Capital Management LLC now owns 323,055 shares of the company's stock valued at $4,665,000 after purchasing an additional 175,194 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of AvePoint by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,639 shares of the company's stock worth $1,107,000 after purchasing an additional 3,340 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in AvePoint during the 1st quarter worth $276,000. Goldman Sachs Group Inc. lifted its position in shares of AvePoint by 11.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 759,647 shares of the company's stock worth $10,969,000 after purchasing an additional 76,403 shares during the period. Finally, Focus Partners Wealth purchased a new position in shares of AvePoint in the 1st quarter valued at $737,000. 44.49% of the stock is owned by institutional investors.

AvePoint Stock Down 1.7%

AvePoint stock opened at $12.96 on Thursday. AvePoint, Inc. has a 52-week low of $8.84 and a 52-week high of $16.77. The firm's fifty day moving average is $13.02 and its 200 day moving average is $11.26. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 40.50 and a beta of 1.19.

AvePoint (NASDAQ:AVPT - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.04. The firm had revenue of $124.50 million during the quarter, compared to analyst estimates of $121.38 million. AvePoint had a net margin of 15.33% and a return on equity of 15.97%. On average, equities research analysts anticipate that AvePoint, Inc. will post 0.25 earnings per share for the current fiscal year.

Insider Transactions at AvePoint

In other news, insider Brian Brown sold 60,000 shares of AvePoint stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $14.20, for a total transaction of $852,000.00. Following the transaction, the insider directly owned 384,604 shares in the company, valued at approximately $5,461,376.80. This trade represents a 13.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 80,000 shares of company stock valued at $1,115,696. Corporate insiders own 22.66% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AVPT shares. Wall Street Zen downgraded AvePoint from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. TD Cowen raised their price objective on AvePoint from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Weiss Ratings raised AvePoint from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. Scotiabank increased their price target on AvePoint from $12.00 to $15.00 and gave the company a "sector outperform" rating in a research note on Friday, August 7th. Finally, Zacks Research downgraded AvePoint from a "strong-buy" rating to a "hold" rating in a report on Monday, August 10th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $16.44.

AvePoint Company Profile

AvePoint, Inc NASDAQ: AVPT is a leading software provider specializing in data management, governance, and compliance solutions for Microsoft 365 and related cloud platforms. Founded in 2001 and headquartered in Jersey City, New Jersey, the company offers a comprehensive suite of cloud-based and on-premises tools designed to help organizations migrate, manage, and protect their collaboration data. AvePoint's flagship Cloud Platform delivers backup, governance, reporting, and migration services for SharePoint, Teams, Exchange, OneDrive, and Salesforce environments.

With a customer base spanning thousands of organizations across more than 100 countries, AvePoint serves enterprises, government agencies, and educational institutions seeking to ensure data security, regulatory compliance, and operational resilience.

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