Insider Selling: AvePoint (NASDAQ:AVPT) Insider Sells $53,200.00 in Stock

by · The Markets Daily

AvePoint, Inc. (NASDAQ:AVPT – Get Free Report) insider Brian Brown sold 3,500 shares of AvePoint stock in a transaction on Friday, October 16th. The shares were sold at an average price of $15.20, for a total transaction of $53,200.00. Following the completion of the transaction, the insider owned 332,210 shares in the company, valued at approximately $5,049,592. This represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Tuesday, October 20th, Brian Brown sold 72,606 shares of AvePoint stock. The shares were sold at an average price of $15.26, for a total transaction of $1,107,967.56.
  • On Tuesday, October 6th, Brian Brown sold 28,894 shares of AvePoint stock. The stock was sold at an average price of $15.15, for a total transaction of $437,744.10.
  • On Wednesday, September 30th, Brian Brown sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $14.11, for a total transaction of $141,100.00.
  • On Wednesday, September 23rd, Brian Brown sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $13.07, for a total value of $130,700.00.
  • On Thursday, August 27th, Brian Brown sold 60,000 shares of AvePoint stock. The shares were sold at an average price of $14.20, for a total value of $852,000.00.
  • On Monday, August 24th, Brian Brown sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $13.30, for a total value of $133,000.00.
  • On Wednesday, July 29th, Brian Brown sold 5,176 shares of AvePoint stock. The shares were sold at an average price of $13.06, for a total value of $67,598.56.
  • On Tuesday, July 28th, Brian Brown sold 4,824 shares of AvePoint stock. The shares were sold at an average price of $13.08, for a total value of $63,097.92.

AvePoint Stock Performance

AvePoint stock traded up $0.49 during mid-day trading on Tuesday, reaching $15.23. 2,195,492 shares of the company were exchanged, compared to its average volume of 2,083,700. The firm’s 50-day simple moving average is $13.65 and its two-hundred day simple moving average is $11.95. AvePoint, Inc. has a twelve month low of $8.84 and a twelve month high of $15.49. The firm has a market cap of $3.22 billion, a PE ratio of 47.60 and a beta of 1.17.

AvePoint (NASDAQ:AVPT – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.04. The business had revenue of $124.50 million for the quarter, compared to analyst estimates of $121.38 million. AvePoint had a return on equity of 15.97% and a net margin of 15.33%. As a group, equities research analysts anticipate that AvePoint, Inc. will post 0.25 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on AVPT shares. Scotiabank lifted their price objective on shares of AvePoint from $12.00 to $15.00 and gave the company a “sector outperform” rating in a research report on Friday, August 7th. Stephens upped their price objective on shares of AvePoint from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Monday, September 21st. Phillip Securities upgraded shares of AvePoint to a “moderate buy” rating in a research note on Monday, October 5th. BMO Capital Markets assumed coverage on shares of AvePoint in a report on Tuesday, October 6th. They issued an “outperform” rating and a $17.00 target price on the stock. Finally, Evercore reaffirmed an “outperform” rating and issued a $16.00 target price 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 company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.25.

Check Out Our Latest Analysis on AVPT

Hedge Funds Weigh In On AvePoint

A number of large investors have recently modified their holdings of the business. Ausbil Investment Management Ltd acquired a new stake in shares of AvePoint in the 3rd quarter valued at approximately $358,000. Scholtz & Company LLC purchased a new stake in shares of AvePoint in the second quarter valued at approximately $1,975,000. Integrated Wealth Concepts LLC acquired a new position in AvePoint during the second quarter worth $96,000. Allworth Financial LP grew its holdings in AvePoint by 109.6% during the second quarter. Allworth Financial LP now owns 5,065 shares of the company’s stock worth $57,000 after acquiring an additional 2,649 shares during the period. Finally, Corient Private Wealth LP acquired a new position in AvePoint during the second quarter worth $240,000. 44.49% of the stock is owned by hedge funds and other institutional investors.

About AvePoint

(Get Free Report)

AvePoint, Inc (NASDAQ:AVPT) is a data management and governance software company that helps organizations protect, manage and modernize information across cloud, hybrid and on-premises environments. Its solutions are designed primarily for collaboration and productivity platforms, including Microsoft 365, SharePoint, Dynamics 365 and Salesforce.

The company’s product portfolio includes cloud backup and recovery, data migration, governance, security, compliance and administration tools.

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