AvePoint (NASDAQ:AVPT - Get Free Report) will be issuing its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.05 per share for the quarter. AvePoint has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Parties interested in participating in the company's conference call can do so using this link.
AvePoint (NASDAQ:AVPT - Get Free Report) last issued its 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 net margin of 4.77% and a negative return on equity of 6.66%. The company had revenue of $77.96 million during the quarter, compared to analyst estimates of $75.17 million. During the same quarter in the previous year, the company posted ($0.07) EPS. The company's quarterly revenue was up 20.2% on a year-over-year basis. On average, analysts expect AvePoint to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
AvePoint Price Performance
Shares of AvePoint stock traded down $0.22 during trading hours on Thursday, hitting $12.14. The company had a trading volume of 662,176 shares, compared to its average volume of 974,026. The company's 50-day moving average is $11.82 and its two-hundred day moving average is $10.32. AvePoint has a twelve month low of $7.08 and a twelve month high of $12.66. The company has a market cap of $2.27 billion, a P/E ratio of -151.75 and a beta of 0.89.
Wall Street Analysts Forecast Growth
AVPT has been the subject of several research reports. Northland Securities upped their price target 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. Cantor Fitzgerald upped their price target 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.
Check Out Our Latest Analysis on AvePoint
Insiders Place Their Bets
In other AvePoint news, CFO James Caci sold 30,000 shares of the company's stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $10.91, for a total transaction of $327,300.00. Following the completion of the transaction, the chief financial officer now owns 630,084 shares in the company, valued at approximately $6,874,216.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder Zhijian Lu sold 10,000 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $12.37, for a total value of $123,700.00. Following the completion of the transaction, the insider now owns 18,370,673 shares in the company, valued at $227,245,225.01. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO James Caci sold 30,000 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $10.91, for a total transaction of $327,300.00. Following the completion of the sale, the chief financial officer now directly owns 630,084 shares in the company, valued at approximately $6,874,216.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 150,000 shares of company stock worth $1,724,500. 27.78% of the stock is owned by insiders.
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.
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