Insider Selling: AvePoint, Inc. (NASDAQ:AVPT) Insider Sells 35,000 Shares of Stock

AvePoint, Inc. (NASDAQ:AVPT - Get Free Report) insider Brian Michael Brown sold 35,000 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $18.19, for a total value of $636,650.00. Following the completion of the transaction, the insider now directly owns 1,277,145 shares of the company's stock, valued at $23,231,267.55. This trade represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, April 23rd, Brian Michael Brown sold 35,000 shares of AvePoint stock. The stock was sold at an average price of $15.11, for a total value of $528,850.00.
• On Monday, March 24th, Brian Michael Brown sold 35,000 shares of AvePoint stock. The stock was sold at an average price of $15.40, for a total value of $539,000.00.

AvePoint Stock Up 0.9%

NASDAQ AVPT traded up $0.16 on Monday, reaching $18.81. 2,256,471 shares of the stock traded hands, compared to its average volume of 1,254,703. The firm's fifty day simple moving average is $16.33 and its 200 day simple moving average is $16.94. The company has a market cap of $3.82 billion, a price-to-earnings ratio of -376.12 and a beta of 1.30. AvePoint, Inc. has a 12 month low of $8.87 and a 12 month high of $20.25.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AVPT. William Blair reissued an "outperform" rating on shares of AvePoint in a report on Tuesday, March 4th. Scotiabank increased their price target on AvePoint from $19.00 to $22.00 and gave the company a "sector outperform" rating in a research note on Friday, May 9th. Citigroup decreased their price target on AvePoint from $18.00 to $16.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Finally, The Goldman Sachs Group increased their price target on AvePoint from $15.00 to $17.00 and gave the company a "neutral" rating in a research note on Monday, May 12th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $17.40.

Institutional Investors Weigh In On AvePoint

Several large investors have recently modified their holdings of AVPT. Barclays PLC boosted its stake in shares of AvePoint by 358.5% during the 3rd quarter. Barclays PLC now owns 206,358 shares of the company's stock worth $2,428,000 after acquiring an additional 161,354 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of AvePoint by 31.2% during the 4th quarter. SG Americas Securities LLC now owns 30,060 shares of the company's stock worth $496,000 after acquiring an additional 7,141 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of AvePoint by 29.7% during the 4th quarter. Pacer Advisors Inc. now owns 4,409 shares of the company's stock worth $73,000 after acquiring an additional 1,010 shares in the last quarter. R Squared Ltd bought a new stake in shares of AvePoint during the 4th quarter worth $45,000. Finally, Baader Bank Aktiengesellschaft bought a new stake in shares of AvePoint during the 4th quarter worth $190,000. 44.49% of the stock is owned by institutional investors.

About AvePoint

AvePoint, Inc provides cloud-native data management software platform in North America, Europe, Middle East, Africa, and Asia Pacific. It also offers software-as-a-service solutions and productivity applications. The company offers modularity and cloud services architecture to address critical challenges and the management of data to organizations that leverage third-party cloud vendors, including Microsoft, Salesforce, Google, AWS, Box, DropBox, and others; license and support; and maintenance services.