Prudential PLC Acquires Shares of 1,773,740 AvePoint, Inc. $AVPT

Key Points

• Prudential PLC bought a new position of 1,773,740 AvePoint shares in Q3 valued at about $26.82 million, representing roughly 0.84% of the company.
• Institutional buying is notable: Invesco now owns 5,335,882 shares (~$103.0M), Vanguard holds 17,209,139 shares (~$258.3M), and hedge funds/institutions collectively own about 44.49% of AvePoint.
• AvePoint has a $2.25 billion market cap and recently reported $0.07 EPS (miss) and $114.69M revenue (beat); analysts have trimmed targets but the consensus rating is a Moderate Buy with a $17.11 price target.

Prudential PLC bought a new position in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,773,740 shares of the company's stock, valued at approximately $26,824,000. Prudential PLC owned about 0.84% of AvePoint as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Invesco Ltd. lifted its stake in shares of AvePoint by 218.0% in the second quarter. Invesco Ltd. now owns 5,335,882 shares of the company's stock worth $103,036,000 after buying an additional 3,657,692 shares in the last quarter. Franklin Resources Inc. boosted its position in AvePoint by 72.2% during the second quarter. Franklin Resources Inc. now owns 2,130,124 shares of the company's stock worth $41,133,000 after acquiring an additional 893,384 shares during the last quarter. JPMorgan Chase & Co. grew its stake in AvePoint by 166.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,389,205 shares of the company's stock valued at $20,852,000 after acquiring an additional 867,998 shares in the last quarter. Vanguard Group Inc. raised its holdings in AvePoint by 4.3% in the 3rd quarter. Vanguard Group Inc. now owns 17,209,139 shares of the company's stock valued at $258,309,000 after acquiring an additional 704,825 shares during the last quarter. Finally, Norges Bank acquired a new stake in AvePoint in the 2nd quarter valued at about $8,091,000. Hedge funds and other institutional investors own 44.49% of the company's stock.

AvePoint Stock Performance

AVPT stock opened at $10.43 on Friday. AvePoint, Inc. has a one year low of $9.85 and a one year high of $20.25. The firm has a market cap of $2.25 billion, a PE ratio of 65.19 and a beta of 1.12. The firm's 50 day moving average price is $11.54 and its 200-day moving average price is $13.37.

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

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Cantor Fitzgerald lowered their target price on AvePoint from $18.00 to $15.00 and set an "overweight" rating on the stock in a report on Friday, February 27th. TD Cowen cut their price target on AvePoint from $17.00 to $16.00 and set a "buy" rating for the company in a report on Friday, February 27th. B. Riley Financial reduced their price objective on AvePoint from $25.00 to $22.00 and set a "buy" rating on the stock in a research report on Monday, February 2nd. Citigroup lowered their price objective on AvePoint from $15.00 to $13.00 and set a "neutral" rating on the stock in a research note on Monday, March 2nd. Finally, Jefferies Financial Group dropped their target price on AvePoint from $20.00 to $16.00 and set a "buy" rating for the company in a report on Tuesday, February 24th. Ten equities 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, the company currently has an average rating of "Moderate Buy" and a consensus price target of $17.11.

Insiders Place Their Bets

In other AvePoint news, Chairman Xunkai Gong sold 32,002 shares of AvePoint stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $13.66, for a total transaction of $437,147.32. Following the completion of the sale, the chairman directly owned 14,948,666 shares in the company, valued at $204,198,777.56. This trade represents a 0.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 26.19% of the stock is currently owned by company insiders.

About AvePoint

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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