Calamos Advisors LLC Buys 158,940 Shares of AvePoint, Inc. (NASDAQ:AVPT)

Calamos Advisors LLC lifted its stake in AvePoint, Inc. (NASDAQ:AVPT) by 349.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 204,359 shares of the company’s stock after buying an additional 158,940 shares during the period. Calamos Advisors LLC owned about 0.11% of AvePoint worth $2,129,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Harvest Fund Management Co. Ltd acquired a new position in AvePoint during the fourth quarter worth $47,000. Bayesian Capital Management LP bought a new position in shares of AvePoint during the first quarter valued at $130,000. SG Americas Securities LLC lifted its holdings in shares of AvePoint by 44.2% during the first quarter. SG Americas Securities LLC now owns 16,727 shares of the company’s stock valued at $132,000 after acquiring an additional 5,125 shares during the period. Quadrature Capital Ltd bought a new position in shares of AvePoint during the fourth quarter valued at $148,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of AvePoint during the fourth quarter valued at $158,000. Institutional investors own 44.49% of the company’s stock.

AvePoint Price Performance

Shares of NASDAQ:AVPT traded up $0.04 during midday trading on Friday, reaching $10.79. The company’s stock had a trading volume of 872,097 shares, compared to its average volume of 1,000,219. AvePoint, Inc. has a fifty-two week low of $6.26 and a fifty-two week high of $11.07. The company has a market capitalization of $2.00 billion, a P/E ratio of -134.88 and a beta of 0.89. The business’s fifty day simple moving average is $10.42 and its 200-day simple moving average is $8.98.

AvePoint (NASDAQ:AVPT) last announced its 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 net margin of 4.91% and a negative return on equity of 6.56%. The business had revenue of $77.96 million during the quarter, compared to analyst estimates of $75.17 million. During the same quarter last year, the business posted ($0.07) earnings per share. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. On average, analysts forecast that AvePoint, Inc. will post -0.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AVPT has been the subject of a number of analyst reports. Northland Securities lifted 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. Cantor Fitzgerald lifted 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.

Insider Activity

In other news, insider Brian Michael Brown sold 20,000 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was 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 $11,981,566.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Brian Michael Brown sold 20,000 shares of AvePoint stock in a transaction dated Monday, June 3rd. The stock was 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 $11,981,566.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO James Caci sold 30,000 shares of AvePoint 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 completion of the sale, the chief financial officer now owns 630,084 shares of the company’s stock, valued at $6,874,216.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 110,000 shares of company stock worth $1,147,900. 27.78% of the stock is owned by corporate insiders.

AvePoint Company Profile

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.