AvePoint, Inc. (NASDAQ:AVPT) Major Shareholder Zhijian Lu Sells 10,000 Shares

Posted by Cynthia Vaughn on Oct 21st, 2024

AvePoint, Inc. (NASDAQ:AVPT – Get Free Report) major shareholder Zhijian Lu sold 10,000 shares of AvePoint stock in a transaction dated Monday, October 21st. The shares were 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Major 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 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $10.89, for a total value of $108,900.00.

AvePoint Trading Down 0.7 %

AvePoint stock traded down $0.08 during trading on Monday, hitting $12.06. 475,819 shares of the company were exchanged, compared to its average volume of 992,173. The business’s 50 day moving average is $11.62 and its 200 day moving average is $10.13. AvePoint, Inc. has a 52 week low of $6.96 and a 52 week high of $12.66. The company has a market capitalization of $2.23 billion, a P/E ratio of -150.75 and a beta of 0.89.

AvePoint (NASDAQ:AVPT – Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.07) earnings per share (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 the consensus estimate of $75.17 million. During the same quarter last year, the company posted ($0.07) EPS. The company’s quarterly revenue was up 20.2% compared to the same quarter last year. Equities analysts expect that AvePoint, Inc. will post -0.07 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Millennium Management LLC boosted its position in AvePoint by 33.7% in the second quarter. Millennium Management LLC now owns 641,862 shares of the company’s stock worth $6,688,000 after purchasing an additional 161,759 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of AvePoint during the 2nd quarter valued at $548,000. Vanguard Group Inc. lifted its position in shares of AvePoint by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 14,517,907 shares of the company’s stock valued at $119,192,000 after buying an additional 89,564 shares during the last quarter. Sei Investments Co. purchased a new position in shares of AvePoint during the 2nd quarter valued at $1,503,000. Finally, Acadian Asset Management LLC purchased a new position in shares of AvePoint during the 2nd quarter valued at $2,250,000. Hedge funds and other institutional investors own 44.49% of the company’s stock.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Report on AvePoint

About AvePoint

(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.