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

AvePoint, Inc. (NASDAQ:AVPT) insider Brian Michael Brown sold 20,000 shares of the company’s 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 sale, the insider now owns 1,297,373 shares of the company’s stock, valued at approximately $13,453,758.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 Trading Down 1.2 %

Shares of AVPT traded down $0.12 during midday trading on Monday, reaching $10.30. The stock had a trading volume of 991,717 shares, compared to its average volume of 957,902. The firm has a market cap of $1.91 billion, a PE ratio of -128.75 and a beta of 0.89. The firm has a 50 day simple moving average of $8.99 and a 200-day simple moving average of $8.31. AvePoint, Inc. has a one year low of $5.52 and a one year high of $10.45.

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of AvePoint

Several institutional investors and hedge funds have recently bought and sold shares of the business. Strs Ohio raised its stake in AvePoint by 3.9% in the fourth quarter. Strs Ohio now owns 88,400 shares of the company’s stock valued at $725,000 after buying an additional 3,300 shares during the period. ProShare Advisors LLC increased its stake in shares of AvePoint by 12.5% during the first quarter. ProShare Advisors LLC now owns 33,857 shares of the company’s stock worth $268,000 after purchasing an additional 3,749 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of AvePoint by 16.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,782 shares of the company’s stock worth $236,000 after purchasing an additional 4,005 shares during the period. Arizona State Retirement System increased its stake in shares of AvePoint by 16.1% during the fourth quarter. Arizona State Retirement System now owns 31,097 shares of the company’s stock worth $255,000 after purchasing an additional 4,303 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of AvePoint by 44.2% during the first quarter. SG Americas Securities LLC now owns 16,727 shares of the company’s stock worth $132,000 after purchasing an additional 5,125 shares during the period. Institutional investors own 44.49% of the company’s stock.

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.