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

AvePoint, Inc. (NASDAQ:AVPT) insider Brian Michael Brown sold 20,000 shares of the firm’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 directly owns 1,297,373 shares in the company, valued at approximately $13,453,758.01. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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 AvePoint stock opened at $10.30 on Tuesday. The firm has a market capitalization of $1.91 billion, a PE ratio of -128.75 and a beta of 0.89. The business’s 50-day moving average price is $8.99 and its 200-day moving average price is $8.31. AvePoint, Inc. has a 12 month low of $5.52 and a 12 month high of $10.45.

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

Hedge Funds Weigh In On AvePoint

Institutional investors and hedge funds have recently bought and sold shares of the stock. Harvest Fund Management Co. Ltd bought a new position in AvePoint during the 4th quarter worth approximately $47,000. SG Americas Securities LLC bought a new position in AvePoint during the 4th quarter worth approximately $95,000. Bayesian Capital Management LP bought a new position in AvePoint during the 1st quarter worth approximately $130,000. Quadrature Capital Ltd bought a new position in AvePoint during the 4th quarter worth approximately $148,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in AvePoint during the 4th quarter worth approximately $158,000. 44.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.