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

by · The Cerbat Gem

AvePoint, Inc. (NASDAQ:AVPT – Get Free Report) major shareholder Zhijian Lu sold 10,000 shares of AvePoint stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $12.24, for a total transaction of $122,400.00. Following the completion of the sale, the insider now directly owns 18,330,673 shares in the company, valued at approximately $224,367,437.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Zhijian Lu also recently made the following trade(s):

  • On Monday, October 21st, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $12.10, for a total transaction of $121,000.00.
  • 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 stock was 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 transaction 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 transaction 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 transaction 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 stock was 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 %

Shares of NASDAQ:AVPT traded down $0.08 during trading on Monday, reaching $12.06. The stock had a trading volume of 475,819 shares, compared to its average volume of 992,173. The business has a fifty day moving average price of $11.62 and a 200-day moving average price of $10.13. The stock has a market cap of $2.23 billion, a P/E ratio of -150.75 and a beta of 0.89. AvePoint, Inc. has a fifty-two week low of $6.96 and a fifty-two week high of $12.66.

AvePoint (NASDAQ:AVPT – Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate 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 period last year, the company posted ($0.07) EPS. The business’s revenue for the quarter was up 20.2% on a year-over-year basis. As a group, equities analysts forecast that AvePoint, Inc. will post -0.07 EPS for the current year.

Hedge Funds Weigh In On AvePoint

Several institutional investors and hedge funds have recently bought and sold shares of the stock. ProShare Advisors LLC increased its position in AvePoint by 12.5% during the first quarter. ProShare Advisors LLC now owns 33,857 shares of the company’s stock worth $268,000 after purchasing an additional 3,749 shares during the last quarter. Creative Planning grew its stake in AvePoint by 19.1% during the third quarter. Creative Planning now owns 29,345 shares of the company’s stock worth $345,000 after buying an additional 4,698 shares during the period. SG Americas Securities LLC grew its stake in AvePoint by 44.2% during the first quarter. SG Americas Securities LLC now owns 16,727 shares of the company’s stock worth $132,000 after buying an additional 5,125 shares during the period. Price T Rowe Associates Inc. MD grew its stake in AvePoint by 14.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 42,464 shares of the company’s stock worth $337,000 after buying an additional 5,316 shares during the period. Finally, Principal Financial Group Inc. grew its stake in AvePoint by 7.5% during the second quarter. Principal Financial Group Inc. now owns 86,724 shares of the company’s stock worth $904,000 after buying an additional 6,027 shares during the period. Institutional investors and hedge funds own 44.49% of the company’s stock.

Analyst Ratings Changes

AVPT has been the subject of a number of analyst reports. Cantor Fitzgerald boosted their price objective on shares of AvePoint from $11.00 to $13.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. Northland Securities boosted their price objective on shares of AvePoint from $18.00 to $19.00 and gave the company an “outperform” rating in a research report on Friday, August 9th.

Check Out Our Latest Stock Report on AVPT

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.

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