AvePoint (NASDAQ:AVPT) Insider Brian Michael Brown Sells 10,000 Shares of Stock

Key Points

• Insider sale: AvePoint insider Brian Michael Brown sold 10,000 shares at an average price of $13.30, generating $133,000. The transaction was made under a pre-arranged Rule 10b5-1 plan, leaving him with 444,604 shares.
• Operating performance: AvePoint reported quarterly EPS of $0.12, exceeding the $0.08 analyst consensus, while revenue of $124.5 million also surpassed expectations.
• Analyst outlook: Analysts maintain a generally positive view, with 10 Buy ratings and six Holds. The stock has an average price target of $16.44 versus its recent price near $13.21.

AvePoint, Inc. (NASDAQ:AVPT - Get Free Report) insider Brian Michael Brown sold 10,000 shares of the company's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $13.30, for a total transaction of $133,000.00. Following the transaction, the insider owned 444,604 shares in the company, valued at approximately $5,913,233.20. The trade was a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Brian Michael Brown also recently made the following trade(s):

• On Wednesday, July 29th, Brian Michael Brown sold 5,176 shares of AvePoint stock. The stock was sold at an average price of $13.06, for a total transaction of $67,598.56.
• On Tuesday, July 28th, Brian Michael Brown sold 4,824 shares of AvePoint stock. The shares were sold at an average price of $13.08, for a total transaction of $63,097.92.

AvePoint Price Performance

Shares of AvePoint stock traded up $0.14 on Wednesday, hitting $13.21. 1,098,064 shares of the company's stock traded hands, compared to its average volume of 2,073,499. The firm's 50-day moving average price is $12.38 and its two-hundred day moving average price is $11.03. The stock has a market capitalization of $2.79 billion, a PE ratio of 41.28 and a beta of 1.16. AvePoint, Inc. has a one year low of $8.84 and a one year high of $16.77.

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

Institutional Investors Weigh In On AvePoint

Several institutional investors have recently bought and sold shares of AVPT. PNC Financial Services Group Inc. raised its holdings in shares of AvePoint by 933.7% in the first quarter. PNC Financial Services Group Inc. now owns 2,977 shares of the company's stock valued at $28,000 after purchasing an additional 2,689 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in AvePoint during the 4th quarter worth about $28,000. GAMMA Investing LLC boosted its stake in shares of AvePoint by 26.6% during the 2nd quarter. GAMMA Investing LLC now owns 3,814 shares of the company's stock worth $43,000 after buying an additional 802 shares during the last quarter. Vestcor Inc acquired a new stake in shares of AvePoint in the third quarter valued at about $45,000. Finally, Kemnay Advisory Services Inc. bought a new stake in AvePoint during the fourth quarter worth about $47,000. Institutional investors own 44.49% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AVPT shares. Zacks Research cut shares of AvePoint from a "strong-buy" rating to a "hold" rating in a report on Monday, August 10th. Evercore restated an "outperform" rating and issued a $16.00 price objective on shares of AvePoint in a research report on Friday, August 7th. DA Davidson restated a "buy" rating and issued a $18.00 price target on shares of AvePoint in a report on Monday, July 6th. Weiss Ratings raised AvePoint from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Finally, Scotiabank lifted their price target on shares of AvePoint from $12.00 to $15.00 and gave the company a "sector outperform" rating in a research note on Friday, August 7th. Ten investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, AvePoint presently has an average rating of "Moderate Buy" and an average price target of $16.44.

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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