Brian Michael Brown Sells 20,000 Shares of AvePoint, Inc. (NASDAQ:AVPT) Stock

AvePoint, Inc. (NASDAQ:AVPT) insider Brian Michael Brown sold 20,000 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $10.37, for a total value of $207,400.00. Following the completion of the transaction, the insider now directly owns 1,297,373 shares in the company, valued at approximately $13,453,758.01. The transaction 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 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 value 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 value of $157,200.00.

AvePoint Stock Down 0.2 %

NASDAQ AVPT opened at $10.28 on Wednesday. The stock’s 50-day moving average price is $9.04 and its 200-day moving average price is $8.32. AvePoint, Inc. has a 52 week low of $5.52 and a 52 week high of $10.47. The company has a market capitalization of $1.90 billion, a P/E ratio of -128.50 and a beta of 0.89.

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

Wall Street Analyst Weigh In

Separately, Northland Securities raised their price objective on AvePoint from $12.00 to $18.00 and gave the stock an “outperform” rating in a research note on Monday, June 17th.

Institutional Trading of AvePoint

Institutional investors have recently made changes to their positions in the business. Trexquant Investment LP purchased a new stake in shares of AvePoint during the third quarter worth about $402,000. Russell Investments Group Ltd. purchased a new position in AvePoint during the 4th quarter valued at approximately $3,590,000. CenterBook Partners LP purchased a new position in AvePoint during the 4th quarter valued at approximately $1,097,000. Calamos Advisors LLC purchased a new position in AvePoint during the 4th quarter valued at approximately $1,260,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in AvePoint by 16.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,782 shares of the company’s stock valued at $236,000 after buying an additional 4,005 shares in the last quarter. Hedge funds and other institutional investors own 44.49% of the company’s stock.

AvePoint Company Profile

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.