Insider Selling: AvePoint (NASDAQ:AVPT) Insider Sells $852,000.00 in Stock

Key Points

• Insider sale: AvePoint insider Brian Michael Brown sold 60,000 shares for approximately $852,000 under a pre-arranged Rule 10b5-1 plan, reducing his position by 13.5% to 384,604 shares. He also sold shares in three earlier transactions.
• Stock performance: AVPT traded at $14.00, with a market capitalization of about $2.96 billion. The stock remains above its 50-day and 200-day moving averages and has traded between $8.84 and $16.77 over the past year.
• Financial and analyst outlook: AvePoint exceeded quarterly earnings and revenue estimates, reporting EPS of $0.12 and revenue of $124.5 million. Analysts maintain a “Moderate Buy” consensus with an average price target of $16.44, although some firms recently downgraded the stock to “Hold.”

AvePoint, Inc. (NASDAQ:AVPT - Get Free Report) insider Brian Michael Brown sold 60,000 shares of the business's stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $14.20, for a total value of $852,000.00. Following the sale, the insider owned 384,604 shares of the company's stock, valued at $5,461,376.80. The trade was a 13.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, August 24th, Brian Michael Brown sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $13.30, for a total transaction of $133,000.00.
• On Wednesday, July 29th, Brian Michael Brown sold 5,176 shares of AvePoint stock. The shares were 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

AVPT stock traded down $0.30 during midday trading on Friday, reaching $14.00. 1,330,474 shares of the company's stock traded hands, compared to its average volume of 1,880,182. AvePoint, Inc. has a fifty-two week low of $8.84 and a fifty-two week high of $16.77. The business has a 50-day moving average price of $12.58 and a two-hundred day moving average price of $11.10. The company has a market capitalization of $2.96 billion, a P/E ratio of 43.75 and a beta of 1.16.

AvePoint (NASDAQ:AVPT - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.04. The company 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%. As a group, research analysts forecast that AvePoint, Inc. will post 0.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Wall Street Zen cut AvePoint from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. DA Davidson reiterated a "buy" rating and set a $18.00 price objective on shares of AvePoint in a research note on Monday, July 6th. Weiss Ratings raised shares of AvePoint from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. Zacks Research downgraded shares of AvePoint from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 10th. Finally, Evercore reaffirmed an "outperform" rating and set a $16.00 price target on shares of AvePoint in a report on Friday, August 7th. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, AvePoint currently has a consensus rating of "Moderate Buy" and an average target price of $16.44.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. US Bancorp DE increased its holdings in AvePoint by 11.2% during the 3rd quarter. US Bancorp DE now owns 7,962 shares of the company's stock worth $120,000 after purchasing an additional 800 shares during the last quarter. 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 valued at $43,000 after buying an additional 802 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of AvePoint by 1.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,586 shares of the company's stock worth $786,000 after buying an additional 1,016 shares in the last quarter. Blair William & Co. IL grew its position in shares of AvePoint by 8.3% during the fourth quarter. Blair William & Co. IL now owns 13,700 shares of the company's stock worth $190,000 after buying an additional 1,050 shares in the last quarter. Finally, Xponance LLC increased its stake in shares of AvePoint by 11.5% in the fourth quarter. Xponance LLC now owns 11,522 shares of the company's stock worth $160,000 after buying an additional 1,188 shares during the last quarter. Hedge funds and other institutional investors own 44.49% 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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