AvePoint director Ho Chi On sells $9.8 million in shares

Published 23/09/2025, 00:14
AvePoint director Ho Chi On sells $9.8 million in shares

Director John Chi On Ho of AvePoint (NASDAQ:AVPT) sold 650,000 shares of common stock on September 18, 2025, at a price of $15.21, for a total transaction value of $9.8 million. The stock currently trades at $15.74, giving the company a market capitalization of $3.34 billion. According to InvestingPro analysis, AvePoint maintains strong financial health with a current ratio of 2.37, indicating robust liquidity.

Following the transaction, Ho directly owns 3,732,679 AvePoint shares. The shares are held by Balmoral Blue Limited, where Ho is a shareholder and director. The company has demonstrated solid growth, with revenue increasing 24.41% over the last twelve months.

The sale was executed to facilitate initial liquidity in connection with AvePoint’s secondary listing on the Singapore Exchange Securities Trading Limited (SGX). No shares were sold on NASDAQ in connection with this transaction. Analysts maintain a positive outlook on AvePoint, with price targets ranging from $18 to $26 per share.

In other recent news, AvePoint Inc. reported its second-quarter 2025 earnings, showing an earnings per share (EPS) of $0.01, which was significantly below the projected $0.06. Despite this, the company exceeded revenue expectations with $102 million, marking a 5.94% surprise. In analyst updates, B.Riley initiated coverage on AvePoint with a Buy rating and set a price target of $25.00, highlighting the company’s integration with Microsoft and market share growth in the data backup sector. Evercore ISI also adjusted its stance, raising AvePoint’s price target to $22 from $20 while maintaining an Outperform rating. These developments reflect AvePoint’s ongoing strategic positioning and analyst confidence in its future potential.

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