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Brian Michael Brown, the Chief Legal Officer of AvePoint, Inc. (NASDAQ:AVPT), recently sold 35,000 shares of the company’s common stock. The transaction, which took place on May 23, 2025, was executed at a price of $18.19 per share, totaling approximately $636,650. The sale comes amid AvePoint’s impressive performance, with the stock delivering a 105% return over the past year. According to InvestingPro analysis, the company currently appears overvalued relative to its Fair Value.
This sale was conducted under a Rule 10b5-1 trading plan that Brown adopted on December 18, 2024. Following this transaction, Brown retains direct ownership of 1,277,145 shares, which include both vested and unvested restricted stock units (RSUs) as previously reported in several Form 4 filings with the Securities and Exchange Commission. InvestingPro data shows AvePoint maintains strong financial health with more cash than debt on its balance sheet, and analysts have recently revised earnings expectations upward. Discover 12 more exclusive ProTips and comprehensive analysis in the Pro Research Report.
In other recent news, AvePoint Inc. reported strong first-quarter 2025 earnings, with total revenues reaching $93.1 million, surpassing the forecast of $88.31 million. This revenue increase was driven by a 34.37% rise in SaaS revenue, highlighting the company’s robust financial performance. The company’s annual recurring revenue (ARR) also increased by 26.28% year-over-year, indicating a solid growth trajectory. Analyst Kirk Materne from Evercore ISI upgraded AvePoint’s stock price target to $20, citing the company’s strong first-quarter results and positive future outlook. AvePoint’s management has projected a 23.5% revenue increase for the second quarter, with operating margin guidance also exceeding Wall Street expectations. The company has raised its fiscal year 2025 revenue growth guidance midpoint to 21.5% from 16%, reflecting confidence in its growth strategy. AvePoint has not observed macroeconomic headwinds affecting its data modernization projects, which are seen as a significant opportunity, especially with AI-based deployments. The company’s strategic focus on AI and data governance initiatives is central to its future growth plans.
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