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 firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $10.78, for a total transaction of $215,600.00. Following the completion of the transaction, the insider now directly owns 1,277,373 shares in the company, valued at approximately $13,770,080.94. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Monday, July 1st, Brian Michael Brown sold 20,000 shares of AvePoint stock. The stock was sold at an average price of $10.37, for a total transaction of $207,400.00.
• On Monday, June 3rd, Brian Michael Brown sold 20,000 shares of AvePoint stock. The stock was sold at an average price of $9.05, for a total transaction of $181,000.00.

AvePoint Price Performance

AVPT traded down $0.13 on Thursday, hitting $10.77. 1,614,616 shares of the stock were exchanged, compared to its average volume of 979,517. AvePoint, Inc. has a 12 month low of $5.74 and a 12 month high of $11.07. The business has a 50-day moving average of $9.97 and a two-hundred day moving average of $8.68. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of -134.63 and a beta of 0.89.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. nVerses Capital LLC acquired a new position in AvePoint during the second quarter worth about $173,000. Principal Financial Group Inc. raised its stake in AvePoint by 7.5% during the second quarter. Principal Financial Group Inc. now owns 86,724 shares of the company’s stock worth $904,000 after acquiring an additional 6,027 shares in the last quarter. Calamos Advisors LLC increased its stake in shares of AvePoint by 349.9% in the second quarter. Calamos Advisors LLC now owns 204,359 shares of the company’s stock valued at $2,129,000 after buying an additional 158,940 shares during the period. SG Americas Securities LLC increased its stake in shares of AvePoint by 43.2% in the second quarter. SG Americas Securities LLC now owns 23,949 shares of the company’s stock valued at $250,000 after buying an additional 7,222 shares during the period. Finally, Bayesian Capital Management LP acquired a new position in shares of AvePoint in the first quarter valued at approximately $130,000. Institutional investors and hedge funds own 44.49% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.