Zhijian Lu Sells 10,000 Shares of AvePoint, Inc. (NASDAQ:AVPT) Stock

Posted by John Adams on Oct 17th, 2024

AvePoint, Inc. (NASDAQ:AVPT – Get Free Report) major shareholder Zhijian Lu sold 10,000 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $12.24, for a total value of $122,400.00. Following the completion of the sale, the insider now owns 18,350,673 shares of the company’s stock, valued at $224,612,237.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

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 value of $123,700.00.
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 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 shares were 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 shares were sold at an average price of $11.91, for a total transaction of $119,100.00.
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 value 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 value 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 value 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 Stock Performance

Shares of AVPT traded down $0.13 during mid-day trading on Wednesday, reaching $12.15. The company had a trading volume of 545,103 shares, compared to its average volume of 1,000,239. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of -151.88 and a beta of 0.89. The company’s 50 day simple moving average is $11.46 and its 200 day simple moving average is $10.00. 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 issued its earnings results on Thursday, August 8th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09). The company 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%. The business’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.07) EPS. As a group, equities analysts forecast that AvePoint, Inc. will post -0.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Northland Securities upped their price target on shares of AvePoint from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Cantor Fitzgerald upped their target price on AvePoint from $11.00 to $13.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th.

View Our Latest Stock Analysis on AVPT

Hedge Funds Weigh In On AvePoint

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of AvePoint by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 14,517,907 shares of the company’s stock valued at $119,192,000 after buying an additional 89,564 shares during the period. Quadrature Capital Ltd bought a new stake in AvePoint during the 4th quarter worth approximately $148,000. Principal Financial Group Inc. increased its position 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 during the period. Essex Investment Management Co. LLC acquired a new position in AvePoint in the 1st quarter valued at approximately $1,844,000. Finally, SG Americas Securities LLC raised its stake in shares of AvePoint by 44.2% during the first quarter. SG Americas Securities LLC now owns 16,727 shares of the company’s stock valued at $132,000 after acquiring an additional 5,125 shares during the last quarter. 44.49% of the stock is currently owned by institutional investors.

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.