AvePoint, Inc. (NASDAQ:AVPT) Major Shareholder Sells $123,700.00 in Stock

Posted by Phillip Gast on Oct 19th, 2024

AvePoint, Inc. (NASDAQ:AVPT – Get Free Report) major shareholder Zhijian Lu sold 10,000 shares of AvePoint stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $12.37, for a total transaction of $123,700.00. Following the completion of the transaction, the insider now owns 18,370,673 shares in the company, valued at approximately $227,245,225.01. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more 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 Wednesday, October 16th, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $12.24, for a total transaction of $122,400.00.
On Monday, September 23rd, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were 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 shares were 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 value of $119,100.00.
On Monday, August 26th, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were 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 shares were 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 stock was sold at an average price of $10.77, for a total transaction of $107,700.00.

AvePoint Trading Down 0.3 %

AvePoint stock opened at $12.14 on Friday. The firm has a market capitalization of $2.25 billion, a P/E ratio of -151.75 and a beta of 0.89. The business has a 50-day moving average of $11.59 and a 200-day moving average of $10.06. AvePoint, Inc. has a 1 year low of $6.96 and a 1 year high of $12.66.

AvePoint (NASDAQ:AVPT – Get Free Report) last announced 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). The firm had revenue of $77.96 million during the quarter, compared to analyst estimates of $75.17 million. AvePoint had a negative net margin of 4.77% and a negative return on equity of 6.66%. AvePoint’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period last year, the firm earned ($0.07) EPS. Research analysts anticipate that AvePoint, Inc. will post -0.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in AvePoint by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 14,517,907 shares of the company’s stock worth $119,192,000 after purchasing an additional 89,564 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of AvePoint during the fourth quarter worth about $148,000. Principal Financial Group Inc. lifted its stake in AvePoint by 370.3% in the 1st quarter. Principal Financial Group Inc. now owns 80,697 shares of the company’s stock valued at $639,000 after acquiring an additional 63,538 shares in the last quarter. Essex Investment Management Co. LLC acquired a new position in AvePoint during the 1st quarter worth approximately $1,844,000. Finally, SG Americas Securities LLC grew its stake in shares of AvePoint by 44.2% during the 1st quarter. SG Americas Securities LLC now owns 16,727 shares of the company’s stock worth $132,000 after acquiring an additional 5,125 shares in the last quarter. Institutional investors own 44.49% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Cantor Fitzgerald raised 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 raised their price objective 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.

Check Out Our Latest Stock Report on AVPT

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.