AvePoint, Inc. $AVPT Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its position in AvePoint, Inc. (NASDAQ:AVPT – Free Report) by 33.6% during the 4th quarter, Holdings Channel reports. The firm owned 742,356 shares of the company’s stock after selling 374,961 shares during the quarter. BNP Paribas Financial Markets’ holdings in AvePoint were worth $10,311,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd grew its holdings in AvePoint by 698.8% in the third quarter. Aster Capital Management DIFC Ltd now owns 2,069 shares of the company’s stock valued at $31,000 after purchasing an additional 1,810 shares during the last quarter. Vestcor Inc acquired a new stake in AvePoint in the third quarter valued at $45,000. KBC Group NV grew its holdings in AvePoint by 101.5% in the fourth quarter. KBC Group NV now owns 6,356 shares of the company’s stock valued at $88,000 after purchasing an additional 3,202 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in AvePoint by 6,111.6% in the second quarter. EverSource Wealth Advisors LLC now owns 5,342 shares of the company’s stock valued at $103,000 after purchasing an additional 5,256 shares during the last quarter. Finally, Covestor Ltd grew its holdings in AvePoint by 85.4% in the fourth quarter. Covestor Ltd now owns 7,826 shares of the company’s stock valued at $109,000 after purchasing an additional 3,604 shares during the last quarter. Institutional investors and hedge funds own 44.49% of the company’s stock.

AvePoint Stock Down 0.6%

AVPT opened at $10.68 on Tuesday. The firm has a market cap of $2.26 billion, a P/E ratio of 50.86 and a beta of 1.18. AvePoint, Inc. has a 52 week low of $8.84 and a 52 week high of $19.95. The business’s fifty day simple moving average is $10.11 and its 200 day simple moving average is $11.38.

AvePoint (NASDAQ:AVPT – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The company had revenue of $117.24 million for the quarter, compared to analyst estimates of $116.43 million. AvePoint had a net margin of 10.55% and a return on equity of 10.52%. As a group, equities analysts expect that AvePoint, Inc. will post 0.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AVPT has been the topic of several research reports. TD Cowen lowered their target price on AvePoint from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Jefferies Financial Group lowered their target price on AvePoint from $20.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, February 24th. Cantor Fitzgerald lowered their target price on AvePoint from $18.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. William Blair reaffirmed a “market perform” rating on shares of AvePoint in a research note on Monday, March 23rd. Finally, Citigroup decreased their price objective on AvePoint from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note on Monday, March 2nd. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.44.

Read Our Latest Analysis on AVPT

AvePoint Company Profile

(Free Report)

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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