AvePoint, Inc. $AVPT Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets reduced its position in AvePoint, Inc. (NASDAQ:AVPT) by 33.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 742,356 shares of the company’s stock after selling 374,961 shares during the quarter. BNP Paribas Financial Markets owned about 0.34% of AvePoint worth $10,311,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. US Bancorp DE boosted its holdings in shares of 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 acquiring an additional 800 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of AvePoint by 1.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,586 shares of the company’s stock worth $786,000 after purchasing an additional 1,016 shares during the last quarter. Schonfeld Strategic Advisors LLC raised its stake in shares of AvePoint by 9.9% during the third quarter. Schonfeld Strategic Advisors LLC now owns 14,578 shares of the company’s stock worth $219,000 after purchasing an additional 1,314 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of AvePoint by 2.0% during the second quarter. The Manufacturers Life Insurance Company now owns 69,271 shares of the company’s stock worth $1,338,000 after purchasing an additional 1,378 shares during the last quarter. Finally, Balboa Wealth Partners raised its stake in shares of AvePoint by 11.4% during the fourth quarter. Balboa Wealth Partners now owns 13,986 shares of the company’s stock worth $194,000 after purchasing an additional 1,427 shares during the last quarter. 44.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AVPT has been the subject of several analyst reports. Citigroup cut their price target on AvePoint from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Monday, March 2nd. Cantor Fitzgerald cut their price target on AvePoint from $18.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Jefferies Financial Group cut their price target on AvePoint from $20.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. William Blair restated a “market perform” rating on shares of AvePoint in a research note on Monday, March 23rd. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $14.00 price target on shares of AvePoint in a research note on Wednesday, May 13th. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, AvePoint has a consensus rating of “Moderate Buy” and a consensus target price of $16.44.

AvePoint Stock Performance

NASDAQ:AVPT opened at $10.68 on Tuesday. The stock has a fifty day moving average price of $10.11 and a two-hundred day moving average price of $11.38. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 50.86 and a beta of 1.18. AvePoint, Inc. has a 1 year low of $8.84 and a 1 year high of $19.95.

AvePoint (NASDAQ:AVPT) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The business had revenue of $117.24 million during the quarter, compared to analysts’ expectations of $116.43 million. AvePoint had a return on equity of 10.52% and a net margin of 10.55%. On average, analysts predict that AvePoint, Inc. will post 0.21 EPS for the current 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.