Insider Selling: AvePoint, Inc. (NASDAQ:AVPT) Major Shareholder Sells 10,000 Shares of Stock

Posted by ABMN Staff on Oct 22nd, 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 21st. The shares were sold at an average price of $12.10, for a total transaction of $121,000.00. Following the sale, the insider now owns 18,320,673 shares in the company, valued at $221,680,143.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major 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 Friday, October 18th, 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 Wednesday, October 16th, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $12.24, for a total transaction of $122,400.00.
On Monday, October 14th, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $12.37, for a total transaction of $123,700.00.
On Monday, September 23rd, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $11.90, for a total value 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 value 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 value 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 transaction 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 stock was 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.

AvePoint Stock Down 0.7 %

AVPT opened at $12.06 on Tuesday. The company’s 50-day moving average price is $11.62 and its 200 day moving average price is $10.13. AvePoint, Inc. has a fifty-two week low of $6.96 and a fifty-two week high of $12.66. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of -150.75 and a beta of 0.89.

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

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Northland Securities boosted their price objective on AvePoint from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Cantor Fitzgerald boosted 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.

View Our Latest Report on AvePoint

Institutional Investors Weigh In On AvePoint

A number of hedge funds have recently added to or reduced their stakes in AVPT. Canada Pension Plan Investment Board bought a new position in shares of AvePoint during the second quarter worth about $83,000. Algert Global LLC acquired a new position in AvePoint during the 2nd quarter valued at about $116,000. Bayesian Capital Management LP bought a new position in AvePoint in the 1st quarter worth about $130,000. SG Americas Securities LLC increased its stake in shares of AvePoint by 44.2% in the first 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. Finally, Quadrature Capital Ltd bought a new stake in shares of AvePoint during the fourth quarter valued at approximately $148,000. 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.