Avepoint chief legal officer sells $1.16m in shares

Brian Michael Brown, Chief Legal Officer and a Director at AvePoint, Inc. (NASDAQ:AVPT), recently sold a total of 76,106 shares of the company’s common stock for a combined value of approximately $1,161,167. The transactions occurred between October 16 and October 20, 2026, with prices ranging from $15.20 to $15.26 per share. The sales came as AvePoint stock trades near its 52-week high of $15.48, following a strong 51% gain over the past six months. According to InvestingPro analysis, the stock appears slightly undervalued at current levels, with 14 additional ProTips available to subscribers.

On October 16, Brown disposed of 3,500 shares at a price of $15.20 each. Subsequently, on October 20, an additional 72,606 shares were sold at $15.26 per share. These sales were executed under a Rule 10b5-1 trading plan, which Brown adopted on December 16, 2025. The shares were held indirectly through the Brian M. Brown Revocable Trust, of which Mr. Brown is a trustee.

Following these transactions, Brian Michael Brown’s indirect beneficial ownership in AvePoint common stock stands at 259,604 shares. Mr. Brown disclaims beneficial ownership of the shares held by the Trust, except to the extent of his pecuniary interest.

In other recent news, Avepoint Inc. has been the focus of several analyst reports, highlighting the company’s growth potential and strategic positioning. BMO Capital initiated coverage on Avepoint with an outperform rating and a price target of $17.00, citing the company’s strong position in data management amid growing AI adoption. Similarly, Stephens raised its price target to $17.00 while maintaining an Overweight rating, expressing confidence in Avepoint’s ability to achieve mid-20% annual recurring revenue growth due to AI-driven demand for data protection and management solutions.

D.A. Davidson also reiterated a Buy rating with an $18.00 price target, suggesting the company is well-positioned to exceed third-quarter net new annual recurring revenue estimates. Cantor Fitzgerald maintained an Overweight rating with a $15.00 price target after hosting a discussion with Avepoint’s executive team, reinforcing confidence in the company’s strategic direction. These developments reflect a positive outlook from analysts on Avepoint’s growth trajectory and its capacity to leverage emerging technology trends.