Quantinno Capital Management LP Purchases 82,457 Shares of AvePoint, Inc. $AVPT

Key Points

• Quantinno Capital Management increased its AvePoint stake by 307% in the first quarter, acquiring 82,457 additional shares for a total holding of 109,317 shares. Institutional investors collectively own 44.49% of the company.
• AvePoint’s analyst consensus remains “Moderate Buy”, with a $16.44 average price target. Ratings include 10 Buys and six Holds, although some firms recently downgraded the stock to Hold.
• Shares opened at $13.49, down 1.9%, while the company’s latest quarterly results exceeded expectations: earnings were $0.12 per share versus $0.08 expected, and revenue reached $124.5 million compared with estimates of $121.38 million.

Quantinno Capital Management LP grew its holdings in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 307.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 109,317 shares of the company's stock after acquiring an additional 82,457 shares during the period. Quantinno Capital Management LP owned 0.05% of AvePoint worth $1,040,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Peregrine Capital Management LLC acquired a new stake in AvePoint during the fourth quarter worth approximately $10,362,000. Vanguard Group Inc. lifted its stake in AvePoint by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 17,404,543 shares of the company's stock valued at $241,749,000 after buying an additional 195,404 shares during the period. Jennison Associates LLC lifted its stake in AvePoint by 11.1% in the fourth quarter. Jennison Associates LLC now owns 4,173,280 shares of the company's stock valued at $57,967,000 after buying an additional 417,625 shares during the period. Y Intercept Hong Kong Ltd boosted its holdings in shares of AvePoint by 83.2% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 232,250 shares of the company's stock worth $2,209,000 after buying an additional 105,471 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of AvePoint by 9.4% during the 1st quarter. Bank of New York Mellon Corp now owns 789,069 shares of the company's stock worth $7,504,000 after buying an additional 67,514 shares in the last quarter. 44.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. The Goldman Sachs Group reiterated a "neutral" rating and issued a $14.00 price objective on shares of AvePoint in a research note on Wednesday, May 13th. Zacks Research lowered shares of AvePoint from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 10th. Scotiabank raised their price target on shares of AvePoint from $12.00 to $15.00 and gave the stock a "sector outperform" rating in a report on Friday, August 7th. Wall Street Zen downgraded shares of AvePoint from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Finally, DA Davidson reiterated a "buy" rating and set a $18.00 price objective on shares of AvePoint in a report on Monday, July 6th. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $16.44.

AvePoint Stock Down 1.9%

Shares of AvePoint stock opened at $13.49 on Friday. The company has a market cap of $2.85 billion, a PE ratio of 42.16 and a beta of 1.16. AvePoint, Inc. has a 52 week low of $8.84 and a 52 week high of $16.77. The business has a 50 day moving average price of $12.04 and a 200-day moving average price of $10.97.

AvePoint (NASDAQ:AVPT - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.04. The company had revenue of $124.50 million for the quarter, compared to analyst estimates of $121.38 million. AvePoint had a return on equity of 15.97% and a net margin of 15.33%. As a group, research analysts anticipate that AvePoint, Inc. will post 0.21 EPS for the current year.

Insider Buying and Selling

In other AvePoint news, insider Brian Michael Brown sold 5,176 shares of the firm's stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $13.06, for a total transaction of $67,598.56. Following the transaction, the insider directly owned 809,664 shares in the company, valued at approximately $10,574,211.84. This trade represents a 0.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 22.66% 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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