AvePoint (AVPT) Scheduled to Post Quarterly Earnings on Thursday

AvePoint (NASDAQ:AVPT) is scheduled to announce its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.05 per share for the quarter. AvePoint has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

AvePoint (NASDAQ:AVPT) last issued its earnings results on Thursday, August 8th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.09). The firm had revenue of $77.96 million during the quarter, compared to analysts’ expectations of $75.17 million. AvePoint had a negative return on equity of 6.66% and a negative net margin of 4.77%. The firm’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.07) earnings per share. On average, analysts expect AvePoint to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

AvePoint Price Performance

Shares of AvePoint stock opened at $12.32 on Tuesday. The company’s fifty day simple moving average is $11.88 and its two-hundred day simple moving average is $10.42. AvePoint has a 12-month low of $7.08 and a 12-month high of $12.66.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Northland Securities lifted their price objective on AvePoint from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Cantor Fitzgerald upped their price objective on shares of AvePoint from $11.00 to $13.00 and gave the stock an “overweight” rating in a report on Friday, August 9th.

Insiders Place Their Bets

In other news, major shareholder Zhijian Lu sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $10.89, for a total value of $108,900.00. Following the sale, the insider now directly owns 18,440,673 shares of the company’s stock, valued at $200,818,928.97. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, major shareholder Zhijian Lu sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $10.89, for a total value of $108,900.00. Following the transaction, the insider now owns 18,440,673 shares in the company, valued at approximately $200,818,928.97. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO James Caci sold 30,000 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $10.91, for a total transaction of $327,300.00. Following the sale, the chief financial officer now owns 630,084 shares in the company, valued at approximately $6,874,216.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 150,000 shares of company stock worth $1,724,500. 27.78% of the stock is owned by corporate insiders.

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.