SG Americas Securities LLC Sells 1,030 Shares of AvePoint, Inc. (NASDAQ:AVPT)

SG Americas Securities LLC lessened its stake in shares of AvePoint, Inc. (NASDAQ:AVPT) by 4.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,919 shares of the company’s stock after selling 1,030 shares during the period. SG Americas Securities LLC’s holdings in AvePoint were worth $270,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AVPT. Canada Pension Plan Investment Board bought a new position in AvePoint during the 2nd quarter worth $83,000. Algert Global LLC bought a new position in AvePoint during the 2nd quarter worth $116,000. Bayesian Capital Management LP bought a new position in AvePoint during the 1st quarter worth $130,000. Quadrature Capital Ltd bought a new position in AvePoint during the 4th quarter worth $148,000. Finally, nVerses Capital LLC bought a new position in AvePoint during the 2nd quarter worth $173,000. Institutional investors own 44.49% of the company’s stock.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, major shareholder Zhijian Lu sold 10,000 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $10.77, for a total transaction of $107,700.00. Following the sale, the insider now owns 18,460,673 shares in the company, valued at $198,821,448.21. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, major shareholder Zhijian Lu sold 10,000 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $10.77, for a total transaction of $107,700.00. Following the sale, the insider now owns 18,460,673 shares in the company, valued at $198,821,448.21. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Brian Michael Brown sold 20,000 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $10.78, for a total value of $215,600.00. Following the sale, the insider now owns 1,277,373 shares in the company, valued at $13,770,080.94. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 150,000 shares of company stock worth $1,696,700 in the last 90 days. Insiders own 27.78% of the company’s stock.

AvePoint Stock Performance

Shares of AVPT opened at $12.14 on Monday. AvePoint, Inc. has a 52-week low of $6.96 and a 52-week high of $12.66. The business’s fifty day moving average is $11.59 and its 200-day moving average is $10.10. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of -151.75 and a beta of 0.89.

AvePoint (NASDAQ:AVPT) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.09). AvePoint had a negative net margin of 4.77% and a negative return on equity of 6.66%. The business had revenue of $77.96 million during the quarter, compared to the consensus estimate of $75.17 million. During the same quarter in the previous year, the business posted ($0.07) EPS. The company’s revenue for the quarter was up 20.2% on a year-over-year basis. As a group, research analysts forecast that AvePoint, Inc. will post -0.07 EPS for the current fiscal year.

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.