Insider Selling: AvePoint, Inc. (NASDAQ:AVPT) Insider Sells $207,400.00 in Stock

AvePoint, Inc. (NASDAQ:AVPT) insider Brian Michael Brown sold 20,000 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $10.37, for a total transaction of $207,400.00. Following the completion of the transaction, the insider now owns 1,297,373 shares of the company’s stock, valued at $13,453,758.01. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, June 3rd, Brian Michael Brown sold 20,000 shares of AvePoint stock. The shares were sold at an average price of $9.05, for a total transaction of $181,000.00.
• On Wednesday, May 1st, Brian Michael Brown sold 20,000 shares of AvePoint stock. The shares were sold at an average price of $7.86, for a total transaction of $157,200.00.

AvePoint Price Performance

AVPT opened at $10.24 on Thursday. The firm has a fifty day moving average price of $9.08 and a 200 day moving average price of $8.33. AvePoint, Inc. has a 1 year low of $5.52 and a 1 year high of $10.47. The stock has a market cap of $1.90 billion, a P/E ratio of -128.00 and a beta of 0.89.

AvePoint (NASDAQ:AVPT) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. The company had revenue of $74.53 million during the quarter, compared to analysts’ expectations of $72.33 million. AvePoint had a negative net margin of 4.91% and a negative return on equity of 6.56%. The firm’s revenue for the quarter was up 25.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.05) earnings per share. Equities analysts expect that AvePoint, Inc. will post -0.05 EPS for the current year.

Hedge Funds Weigh In On AvePoint

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in AvePoint by 3.7% during the first quarter. Vanguard Group Inc. now owns 15,050,278 shares of the company’s stock worth $119,198,000 after acquiring an additional 532,371 shares during the period. Federated Hermes Inc. raised its position in AvePoint by 2.2% during the fourth quarter. Federated Hermes Inc. now owns 878,765 shares of the company’s stock worth $7,215,000 after acquiring an additional 18,881 shares during the period. Charles Schwab Investment Management Inc. raised its position in AvePoint by 6.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 868,806 shares of the company’s stock worth $5,838,000 after acquiring an additional 52,750 shares during the period. Russell Investments Group Ltd. acquired a new position in AvePoint during the fourth quarter worth $3,590,000. Finally, Essex Investment Management Co. LLC acquired a new position in AvePoint during the first quarter worth $1,844,000. 44.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Northland Securities boosted their target price on shares of AvePoint from $12.00 to $18.00 and gave the company an “outperform” rating in a research note on Monday, June 17th.

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.