AvePoint, Inc. (NASDAQ:AVPT) Major Shareholder Sells $121,000.00 in Stock

Posted by Alanna Baker on Oct 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, October 21st. The stock was sold at an average price of $12.10, for a total value of $121,000.00. Following the sale, the insider now directly owns 18,320,673 shares in the company, valued at $221,680,143.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own at least 10% 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 stock was sold at an average price of $12.24, for a total value 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 value of $122,400.00.
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 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 stock was 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 stock was 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 value 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 stock was 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.

AvePoint Stock Down 0.7 %

Shares of NASDAQ AVPT traded down $0.08 during trading hours on Monday, reaching $12.06. 475,819 shares of the stock traded hands, compared to its average volume of 992,173. The company has a market capitalization of $2.23 billion, a P/E ratio of -150.75 and a beta of 0.89. AvePoint, Inc. has a 52-week low of $6.96 and a 52-week high of $12.66. The company’s 50-day simple moving average is $11.62 and its two-hundred day simple moving average is $10.13.

AvePoint (NASDAQ:AVPT – Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $77.96 million for the quarter, compared to analysts’ expectations 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 period in the prior year, the business posted ($0.07) earnings per share. As a group, sell-side analysts forecast that AvePoint, Inc. will post -0.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AVPT has been the topic of a number of research analyst reports. 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. Northland Securities upped their target price on AvePoint from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th.

Check Out Our Latest Analysis on AVPT

Hedge Funds Weigh In On AvePoint

A number of large investors have recently bought and sold shares of AVPT. Canada Pension Plan Investment Board purchased a new position in AvePoint in the 2nd quarter worth approximately $83,000. Algert Global LLC purchased a new position in AvePoint in the 2nd quarter worth approximately $116,000. Bayesian Capital Management LP purchased a new position in AvePoint in the 1st quarter worth approximately $130,000. SG Americas Securities LLC increased its stake in AvePoint by 44.2% in the 1st quarter. SG Americas Securities LLC now owns 16,727 shares of the company’s stock worth $132,000 after purchasing an additional 5,125 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in AvePoint in the 4th quarter worth approximately $148,000. 44.49% of the stock is owned by hedge funds and other institutional investors.

AvePoint Company Profile

(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.