Insider Selling: AvePoint, Inc. (NASDAQ:AVPT) Major Shareholder Sells $171,200.00 in Stock

Posted by Stacy Sanders on Nov 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 that occurred on Wednesday, November 20th. The stock was sold at an average price of $17.12, for a total transaction of $171,200.00. Following the completion of the sale, the insider now directly owns 18,270,673 shares of the company’s stock, valued at $312,793,921.76. This represents a 0.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

On Monday, November 18th, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $15.66, for a total transaction of $156,600.00.
On Thursday, November 14th, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $15.77, for a total transaction of $157,700.00.
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 Friday, October 18th, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $12.24, for a total transaction of $122,400.00.
On Wednesday, October 16th, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $12.24, for a total transaction 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 transaction of $123,700.00.
On Monday, September 23rd, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $11.90, for a total transaction of $119,000.00.
On Friday, September 20th, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $11.94, for a total transaction 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 stock was sold at an average price of $11.91, for a total transaction of $119,100.00.

AvePoint Stock Performance

Shares of AVPT stock opened at $18.57 on Friday. AvePoint, Inc. has a 52-week low of $7.08 and a 52-week high of $18.75. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of -371.33 and a beta of 0.88. The firm has a fifty day moving average of $13.04 and a 200-day moving average of $11.16.

Institutional Investors Weigh In On AvePoint

Large investors have recently made changes to their positions in the company. National Bank of Canada FI bought a new stake in shares of AvePoint in the 3rd quarter worth about $29,000. Canada Pension Plan Investment Board bought a new stake in shares of AvePoint in the 2nd quarter worth about $83,000. Algert Global LLC bought a new stake in shares of AvePoint in the 2nd quarter worth about $116,000. Balboa Wealth Partners bought a new stake in shares of AvePoint in the 3rd quarter worth about $125,000. Finally, Bayesian Capital Management LP bought a new stake in shares of AvePoint in the 1st quarter worth about $130,000. Institutional investors own 44.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AVPT. The Goldman Sachs Group upped their target price on shares of AvePoint from $7.50 to $15.00 and gave the company a “neutral” rating in a research note on Tuesday, November 12th. Cantor Fitzgerald upped their target price on shares of AvePoint from $11.00 to $13.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. Finally, Northland Securities upped their target price on shares of AvePoint from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, AvePoint has an average rating of “Moderate Buy” and an average price target of $13.20.

Check Out Our Latest Stock Analysis on AVPT

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.