AvePoint, Inc. (NASDAQ:AVPT) Short Interest Update

AvePoint, Inc. (NASDAQ:AVPT) saw a large growth in short interest in December. As of December 31st, there was short interest totaling 11,428,705 shares, a growth of 40.4% from the December 15th total of 8,141,857 shares. Based on an average daily trading volume, of 2,114,024 shares, the days-to-cover ratio is currently 5.4 days. Approximately 7.2% of the company’s shares are sold short. Approximately 7.2% of the company’s shares are sold short. Based on an average daily trading volume, of 2,114,024 shares, the days-to-cover ratio is currently 5.4 days.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Robert W. Baird began coverage on shares of AvePoint in a report on Monday, October 27th. They issued a “neutral” rating and a $17.00 price target for the company. Baird R W upgraded AvePoint to a “hold” rating in a report on Monday, October 27th. Dbs Bank raised AvePoint to a “moderate buy” rating in a research report on Monday, October 6th. Cantor Fitzgerald reduced their price target on AvePoint from $22.50 to $18.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Finally, DA Davidson assumed coverage on AvePoint in a research note on Monday, September 22nd. They set a “buy” rating and a $20.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.66.

AvePoint Trading Down 2.8%

Shares of AVPT opened at $12.68 on Friday. The stock has a fifty day moving average price of $13.34 and a 200-day moving average price of $15.15. AvePoint has a 12 month low of $11.49 and a 12 month high of $20.25.

AvePoint (NASDAQ:AVPT) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The business had revenue of $109.73 million during the quarter, compared to analysts’ expectations of $105.72 million. AvePoint had a net margin of 0.55% and a return on equity of 0.66%. As a group, analysts forecast that AvePoint will post -0.03 earnings per share for the current year.

Insider Activity

In related news, insider Brian Michael Brown sold 1,848 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $15.03, for a total value of $27,775.44. Following the completion of the sale, the insider owned 631,893 shares in the company, valued at approximately $9,497,351.79. The trade was a 0.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Xunkai Gong sold 27,998 shares of the firm’s stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $13.39, for a total value of $374,893.22. Following the transaction, the chairman owned 14,920,668 shares in the company, valued at $199,787,744.52. The trade was a 0.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 121,848 shares of company stock valued at $1,674,485. 26.19% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. ProShare Advisors LLC boosted its holdings in AvePoint by 1.7% during the second quarter. ProShare Advisors LLC now owns 37,656 shares of the company’s stock worth $727,000 after buying an additional 638 shares in the last quarter. US Bancorp DE increased its holdings in AvePoint by 11.2% in the third quarter. US Bancorp DE now owns 7,962 shares of the company’s stock valued at $120,000 after buying an additional 800 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of AvePoint by 68.4% in the second quarter. Advisors Asset Management Inc. now owns 2,263 shares of the company’s stock worth $44,000 after acquiring an additional 919 shares during the period. ANB Bank boosted its stake in shares of AvePoint by 7.3% during the 2nd quarter. ANB Bank now owns 19,338 shares of the company’s stock worth $373,000 after acquiring an additional 1,309 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC grew its position in shares of AvePoint by 9.9% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 14,578 shares of the company’s stock valued at $219,000 after acquiring an additional 1,314 shares during the period. Hedge funds and other institutional investors own 44.49% of the company’s stock.

About AvePoint

AvePoint, Inc (NASDAQ:AVPT) is a leading software provider specializing in data management, governance, and compliance solutions for Microsoft 365 and related cloud platforms. Founded in 2001 and headquartered in Jersey City, New Jersey, the company offers a comprehensive suite of cloud-based and on-premises tools designed to help organizations migrate, manage, and protect their collaboration data. AvePoint’s flagship Cloud Platform delivers backup, governance, reporting, and migration services for SharePoint, Teams, Exchange, OneDrive, and Salesforce environments.

With a customer base spanning thousands of organizations across more than 100 countries, AvePoint serves enterprises, government agencies, and educational institutions seeking to ensure data security, regulatory compliance, and operational resilience.