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AvePoint (AVPT) executive chairman Gong Xunkai sells $834,668 in stock

Published 06/11/2025, 03:14
AvePoint (AVPT) executive chairman Gong Xunkai sells $834,668 in stock
AVPT
0.23%

AvePoint, Inc. (NASDAQ:AVPT) Executive Chairman Gong Xunkai sold a total of $834,668 in company stock on November 3rd and 4th, according to a Form 4 filing with the Securities and Exchange Commission. AvePoint, with a current market capitalization of $3.07 billion, has seen its shares rise to $14.28 following these transactions.

The sales involved 60,000 shares of AvePoint common stock, with prices ranging from $13.80 to $13.96. Specifically, on November 3, Gong Xunkai sold 41,679 shares at $13.96 per share. Followed by another sale of 18,321 shares at $13.80 per share on November 4th. According to InvestingPro data, the stock is currently trading slightly above its Fair Value, with analyst price targets ranging from $17 to $26.

Following these transactions, Gong Xunkai indirectly owns 15,040,668 shares held by trusts and LLCs .

The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on June 22, 2025 .

In other recent news, Apex Treasury Corporation successfully closed its upsized initial public offering, raising $344.7 million. The offering included 34.47 million units priced at $10.00 each, with an additional 4.47 million units issued through the underwriters’ over-allotment option. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, exercisable at $11.50 per share. Meanwhile, AvePoint Inc. has garnered attention from several investment firms. Morgan Stanley initiated coverage on AvePoint with an Overweight rating, citing its alignment with Microsoft and potential in the generative AI space. B.Riley also initiated coverage with a Buy rating, highlighting AvePoint’s growth in the data backup market. Furthermore, Evercore ISI raised its price target on AvePoint from $20 to $22, maintaining an Outperform rating. These developments reflect a growing interest in AvePoint’s market positioning and potential.

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