Insider Selling: AvePoint, Inc. (NASDAQ:AVPT) Major Shareholder Sells $122,400.00 in Stock

Posted by MarketBeat News on Oct 24th, 2024

AvePoint, Inc. (NASDAQ:AVPT – Get Free Report) major shareholder Zhijian Lu sold 10,000 shares of the business’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $12.24, for a total transaction of $122,400.00. Following the completion of the sale, the insider now owns 18,330,673 shares of the company’s stock, valued at $224,367,437.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Zhijian Lu also recently made the following trade(s):

On Monday, October 21st, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $12.10, for a total transaction of $121,000.00.
On Wednesday, October 16th, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $12.24, for a total value of $122,400.00.
On Monday, October 14th, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $12.37, for a total value of $123,700.00.
On Monday, September 23rd, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $11.90, for a total value of $119,000.00.
On Friday, September 20th, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $11.94, for a total value of $119,400.00.
On Wednesday, September 18th, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $11.73, for a total transaction of $117,300.00.
On Monday, September 16th, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $11.91, for a total transaction of $119,100.00.
On Monday, August 26th, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $10.80, for a total transaction of $108,000.00.
On Friday, August 23rd, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $10.83, for a total transaction of $108,300.00.
On Wednesday, August 21st, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $10.89, for a total value of $108,900.00.

AvePoint Stock Down 2.7 %

Shares of AVPT opened at $11.73 on Thursday. The company has a 50-day moving average price of $11.65 and a two-hundred day moving average price of $10.15. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of -147.63 and a beta of 0.89. AvePoint, Inc. has a 12 month low of $7.08 and a 12 month high of $12.66.

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AvePoint (NASDAQ:AVPT – Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09). The company had revenue of $77.96 million during the quarter, compared to analyst estimates of $75.17 million. AvePoint had a negative return on equity of 6.66% and a negative net margin of 4.77%. The company’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the company posted ($0.07) earnings per share. Equities research analysts expect that AvePoint, Inc. will post -0.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in AVPT. Canada Pension Plan Investment Board acquired a new stake in shares of AvePoint during the 2nd quarter worth about $83,000. Algert Global LLC bought a new position in shares of AvePoint in the second quarter valued at approximately $116,000. Bayesian Capital Management LP acquired a new position in shares of AvePoint in the 1st quarter worth approximately $130,000. SG Americas Securities LLC grew its position in AvePoint by 44.2% during the 1st quarter. SG Americas Securities LLC now owns 16,727 shares of the company’s stock worth $132,000 after acquiring an additional 5,125 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in AvePoint during the 4th quarter worth approximately $148,000. 44.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on AVPT. Cantor Fitzgerald lifted their price objective on AvePoint from $11.00 to $13.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. Northland Securities raised their target price on AvePoint from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th.

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AvePoint Company Profile

(Get Free Report)

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.