AvePoint, Inc. $AVPT Shares Purchased by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. boosted its holdings in shares of AvePoint, Inc. (NASDAQ:AVPT) by 26.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 206,576 shares of the company’s stock after acquiring an additional 43,510 shares during the period. EFG Asset Management North America Corp.’s holdings in AvePoint were worth $3,101,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. AQR Capital Management LLC boosted its holdings in shares of AvePoint by 118.5% during the 1st quarter. AQR Capital Management LLC now owns 323,055 shares of the company’s stock worth $4,665,000 after purchasing an additional 175,194 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in AvePoint by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,639 shares of the company’s stock worth $1,107,000 after buying an additional 3,340 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in AvePoint during the first quarter worth $276,000. Goldman Sachs Group Inc. grew its holdings in AvePoint by 11.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 759,647 shares of the company’s stock valued at $10,969,000 after buying an additional 76,403 shares in the last quarter. Finally, Focus Partners Wealth purchased a new stake in AvePoint in the 1st quarter valued at $737,000. 44.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AVPT shares. Stephens started coverage on shares of AvePoint in a research report on Monday, December 29th. They set an “overweight” rating and a $18.00 price target on the stock. Dbs Bank upgraded shares of AvePoint to a “moderate buy” rating in a report on Monday, October 6th. Evercore ISI dropped their price target on shares of AvePoint from $22.00 to $18.00 and set an “outperform” rating for the company in a research note on Friday, November 7th. Cantor Fitzgerald reduced their price target on shares of AvePoint from $22.50 to $18.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Finally, Robert W. Baird upgraded AvePoint to a “hold” rating in a research report on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $18.66.

Insider Activity

In other news, Chairman Xunkai Gong sold 27,998 shares of the firm’s stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $13.39, for a total value of $374,893.22. Following the completion of the transaction, the chairman owned 14,920,668 shares of the company’s stock, valued at approximately $199,787,744.52. This trade represents a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 120,000 shares of company stock worth $1,646,709 over the last 90 days. 26.19% of the stock is currently owned by corporate insiders.

AvePoint Stock Performance

NASDAQ:AVPT opened at $12.38 on Wednesday. AvePoint, Inc. has a 52 week low of $11.49 and a 52 week high of $20.25. The stock’s fifty day moving average is $13.29 and its two-hundred day moving average is $14.81.

AvePoint (NASDAQ:AVPT) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). AvePoint had a net margin of 0.55% and a return on equity of 0.66%. The firm had revenue of $109.73 million during the quarter, compared to analysts’ expectations of $105.72 million. Equities research analysts predict that AvePoint, Inc. will post -0.03 EPS for the current fiscal year.

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.