AvePoint (NASDAQ:AVPT) Trading 7.9% Higher - Here's Why

Key Points

• AvePoint shares rose 7.9% to about $14.26 in Thursday trading, although volume was roughly 60% below the average session level.
• Analyst sentiment remains favorable, with ten Buy ratings and six Holds producing a “Moderate Buy” consensus and an average price target of $16.44.
• The company beat quarterly expectations, reporting $0.12 earnings per share versus an $0.08 estimate and $124.5 million in revenue versus $121.38 million expected.

AvePoint, Inc. (NASDAQ:AVPT - Get Free Report) was up 7.9% during trading on Thursday . The company traded as high as $14.23 and last traded at $14.2550. 831,217 shares were traded during mid-day trading, a decline of 60% from the average session volume of 2,065,408 shares. The stock had previously closed at $13.21.

Wall Street Analyst Weigh In

AVPT has been the topic of a number of analyst reports. Evercore reaffirmed an "outperform" rating and set a $16.00 price objective on shares of AvePoint in a report on Friday, August 7th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $14.00 target price on shares of AvePoint in a report on Wednesday, May 13th. Citigroup restated a "neutral" rating on shares of AvePoint in a report on Wednesday, August 12th. Weiss Ratings raised shares of AvePoint from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. Finally, TD Cowen upped their price objective on shares of AvePoint from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $16.44.

AvePoint Stock Performance

The stock has a market cap of $3.02 billion, a P/E ratio of 44.58 and a beta of 1.16. The business has a 50 day simple moving average of $12.43 and a 200-day simple moving average of $11.06.

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

Insider Transactions at AvePoint

In other AvePoint news, insider Brian Michael Brown sold 10,000 shares of AvePoint stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $13.30, for a total value of $133,000.00. Following the sale, the insider owned 444,604 shares of the company's stock, valued at approximately $5,913,233.20. The trade was a 2.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 20,000 shares of company stock worth $263,696 in the last three months. Company insiders own 22.66% of the company's stock.

Institutional Investors Weigh In On AvePoint

Several large investors have recently modified their holdings of AVPT. US Bancorp DE grew its position in AvePoint by 11.2% in the third quarter. US Bancorp DE now owns 7,962 shares of the company's stock worth $120,000 after acquiring an additional 800 shares in the last quarter. GAMMA Investing LLC raised its position in AvePoint by 26.6% during the second quarter. GAMMA Investing LLC now owns 3,814 shares of the company's stock valued at $43,000 after purchasing an additional 802 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in 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 purchasing an additional 1,016 shares during the last quarter. Blair William & Co. IL lifted its stake in 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 purchasing an additional 1,050 shares during the last quarter. Finally, Xponance LLC boosted its holdings in shares of AvePoint by 11.5% in the 4th quarter. Xponance LLC now owns 11,522 shares of the company's stock worth $160,000 after purchasing an additional 1,188 shares in 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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