Calamos Advisors LLC lifted its holdings in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 349.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 204,359 shares of the company's stock after buying an additional 158,940 shares during the quarter. Calamos Advisors LLC owned approximately 0.11% of AvePoint worth $2,129,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of AvePoint by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 15,050,278 shares of the company's stock worth $119,198,000 after buying an additional 532,371 shares during the period. Russell Investments Group Ltd. purchased a new stake in AvePoint in the 4th quarter valued at $3,590,000. Essex Investment Management Co. LLC purchased a new stake in AvePoint in the 1st quarter valued at $1,844,000. Swiss National Bank grew its holdings in AvePoint by 5.9% in the 4th quarter. Swiss National Bank now owns 219,200 shares of the company's stock valued at $1,800,000 after buying an additional 12,300 shares in the last quarter. Finally, CenterBook Partners LP purchased a new stake in AvePoint in the 4th quarter valued at $1,097,000. 44.49% of the stock is owned by institutional investors and hedge funds.
AvePoint Stock Performance
Shares of NASDAQ AVPT traded up $0.04 during mid-day trading on Friday, reaching $10.79. 872,097 shares of the company's stock were exchanged, compared to its average volume of 1,000,219. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of -134.88 and a beta of 0.89. AvePoint, Inc. has a 52-week low of $6.26 and a 52-week high of $11.07. The company's 50-day moving average is $10.42 and its 200-day moving average is $8.98.
AvePoint (NASDAQ:AVPT - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.09). AvePoint had a negative return on equity of 6.56% and a negative net margin of 4.91%. The business had revenue of $77.96 million for the quarter, compared to analysts' expectations of $75.17 million. During the same quarter in the prior year, the company posted ($0.07) earnings per share. The business's revenue for the quarter was up 20.2% compared to the same quarter last year. As a group, equities analysts predict that AvePoint, Inc. will post -0.05 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have issued reports on the company. Northland Securities upped their target price on AvePoint from $18.00 to $19.00 and gave the company an "outperform" rating in a report on Friday, August 9th. Cantor Fitzgerald upped their target price on AvePoint from $11.00 to $13.00 and gave the company an "overweight" rating in a report on Friday, August 9th.
Check Out Our Latest Stock Analysis on AVPT
Insider Activity at AvePoint
In related news, insider Brian Michael Brown sold 20,000 shares of the firm's stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $9.05, for a total transaction of $181,000.00. Following the completion of the transaction, the insider now directly owns 1,323,930 shares in the company, valued at approximately $11,981,566.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other AvePoint news, CFO James Caci sold 30,000 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $10.91, for a total value of $327,300.00. Following the sale, the chief financial officer now owns 630,084 shares of the company's stock, valued at approximately $6,874,216.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian Michael Brown sold 20,000 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $9.05, for a total value of $181,000.00. Following the completion of the sale, the insider now directly owns 1,323,930 shares in the company, valued at approximately $11,981,566.50. The disclosure for this sale can be found here. Insiders sold 110,000 shares of company stock worth $1,147,900 in the last three months. 27.78% of the stock is owned by company insiders.
About AvePoint
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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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