Insider Selling: AvePoint, Inc. (NASDAQ:AVPT) Major Shareholder Sells $119,100.00 in Stock

Posted by KOP Source Staff on Sep 21st, 2024

AvePoint, Inc. (NASDAQ:AVPT – Get Free Report) major shareholder Zhijian Lu sold 10,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $11.91, for a total value of $119,100.00. Following the completion of the sale, the insider now owns 18,430,673 shares of the company’s stock, valued at approximately $219,509,315.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

On Wednesday, September 18th, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $11.73, for a total transaction of $117,300.00.
On Monday, August 26th, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $10.80, for a total transaction of $108,000.00.
On Friday, August 23rd, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $10.83, for a total transaction of $108,300.00.
On Wednesday, August 21st, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $10.89, for a total transaction of $108,900.00.
On Monday, August 19th, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $10.77, for a total value of $107,700.00.

AvePoint Stock Performance

NASDAQ:AVPT opened at $11.94 on Friday. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of -149.25 and a beta of 0.89. AvePoint, Inc. has a one year low of $6.41 and a one year high of $12.09. The stock has a 50-day simple moving average of $10.97 and a 200 day simple moving average of $9.45.

AvePoint (NASDAQ:AVPT – Get Free Report) 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). AvePoint had a negative return on equity of 6.66% and a negative net margin of 4.77%. The firm had revenue of $77.96 million during the quarter, compared to analyst estimates of $75.17 million. During the same quarter in the previous year, the business posted ($0.07) EPS. AvePoint’s revenue was up 20.2% compared to the same quarter last year. On average, equities research analysts forecast that AvePoint, Inc. will post -0.07 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on AVPT. Cantor Fitzgerald increased their price target on AvePoint from $11.00 to $13.00 and gave the company an “overweight” rating in a report on Friday, August 9th. Northland Securities increased their target price on AvePoint from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Friday, August 9th.

Check Out Our Latest Stock Analysis on AvePoint

Institutional Trading of AvePoint

Institutional investors have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board acquired a new position in shares of AvePoint in the 2nd quarter valued at about $83,000. Algert Global LLC bought a new position in shares of AvePoint during the second quarter valued at approximately $116,000. Bayesian Capital Management LP acquired a new stake in shares of AvePoint during the 1st quarter worth approximately $130,000. nVerses Capital LLC bought a new stake in shares of AvePoint in the 2nd quarter worth approximately $173,000. Finally, SG Americas Securities LLC boosted its position in AvePoint by 44.2% during the 1st quarter. SG Americas Securities LLC now owns 16,727 shares of the company’s stock valued at $132,000 after purchasing an additional 5,125 shares during the period. Institutional investors own 44.49% of the company’s stock.

About AvePoint

(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.