Neo Ivy Capital Management Buys 102,724 Shares of AvePoint, Inc. $AVPT

Key Points

• Neo Ivy Capital Management increased its stake in AvePoint by 316.8%, acquiring 102,724 shares to hold 135,148 shares (about 0.06% of the company) worth roughly $2.03 million per its latest SEC filing.
• Wall Street sentiment is broadly positive with a consensus rating of "Moderate Buy" and an average price target of $17.11, though several analysts recently trimmed targets to a roughly $13–$18 range.
• AvePoint reported quarterly EPS of $0.07 (missing estimates by $0.02) while revenue of $114.7M beat expectations; the stock trades near $11.09 with a market cap of about $2.39 billion and a trailing PE around 69.

Neo Ivy Capital Management increased its stake in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 316.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 135,148 shares of the company's stock after acquiring an additional 102,724 shares during the period. Neo Ivy Capital Management owned about 0.06% of AvePoint worth $2,029,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. TD Cowen dropped their target price on AvePoint from $17.00 to $16.00 and set a "buy" rating on the stock in a research report on Friday, February 27th. Jefferies Financial Group decreased their price target on shares of AvePoint from $20.00 to $16.00 and set a "buy" rating for the company in a research note on Tuesday, February 24th. Stephens initiated coverage on shares of AvePoint in a report on Monday, December 29th. They issued an "overweight" rating and a $18.00 price objective on the stock. Citigroup reduced their target price on shares of AvePoint from $15.00 to $13.00 and set a "neutral" rating for the company in a report on Monday, March 2nd. Finally, Wall Street Zen raised shares of AvePoint from a "hold" rating to a "buy" rating in a research report on Sunday, November 9th. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $17.11.

AvePoint Stock Performance

Shares of NASDAQ AVPT opened at $11.09 on Friday. The stock has a 50 day moving average price of $11.86 and a 200 day moving average price of $13.53. The stock has a market capitalization of $2.39 billion, a PE ratio of 69.32 and a beta of 1.12. AvePoint, Inc. has a 52 week low of $9.85 and a 52 week high of $20.25.

AvePoint (NASDAQ:AVPT - Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.02). AvePoint had a return on equity of 8.19% and a net margin of 8.34%.The company had revenue of $114.69 million for the quarter, compared to analyst estimates of $110.94 million. As a group, research analysts forecast that AvePoint, Inc. will post -0.03 EPS for the current year.

Insider Buying and Selling at AvePoint

In related news, Chairman Xunkai Gong sold 32,002 shares of the business's stock in a transaction on Monday, January 12th. The shares were sold at an average price of $13.66, for a total transaction of $437,147.32. Following the transaction, the chairman directly owned 14,948,666 shares in the company, valued at approximately $204,198,777.56. The trade was a 0.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 26.19% of the company's stock.

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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