Big Money Bullish on AvePoint

AVPT is a software company that helps companies optimize their operations by enabling secure collaboration and accelerating digital transformation. Its cloud-based offerings help IT teams and cybersecurity professionals monitor and secure their organizations as well as manage data.

The company’s second-quarter earnings report reflected increased per-share earnings and revenue growth. AVPT’s total revenue for the quarter was $78 million, which surpassed analyst estimates of $75.2 million and represents 20% year-over-year growth. In terms of annual recurring revenue, the company generated $290.1 million, which is a 23% year-over-year increase. Also, its gross profit was $59 million, up from $45.1 million a year prior.

It’s no wonder AVPT shares are up 31% this year – and they could rise more. MAPsignals data shows how a rare bullish signal reflects Big Money investors are betting heavily on the forward picture of the stock.

Big Money Buying Up AvePoint

Institutional volumes reveal plenty. In the last year, AVPT has enjoyed strong investor demand, which we believe to be institutional support.

Each green bar signals unusually large volumes in AVPT shares. They reflect our proprietary inflow signal, pushing the stock higher:

Plenty of technology names are under accumulation right now. But there’s a powerful fundamental story happening with AvePoint.

AvePoint Fundamental Analysis

Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, AVPT has strong sales and earnings growth:

• 3-year sales growth rate (+21.6%)
• 3-year sales earnings rate (+63.6%)

Source: FactSet

Also, EPS is estimated to ramp higher this year by +60.7%.

Now it makes sense why the stock has been powering to new heights. AVPT has a track record of strong financial performance.

Marrying great fundamentals with our proprietary software has found some big winning stocks over the long term.

AvePoint has been a top-rated stock at MAPsignals. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 report multiple times in the last year, with more potentially on the horizon. The blue bars below show when AVPT was a top pick…sending shares higher:

Tracking unusual volumes reveals the power of money flows.

This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward.

AvePoint Price Prediction

The AVPT rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no position in AVPT at the time of publication.

If you are a Registered Investment Advisor (RIA) or are a serious investor, take your investing to the next level, learn more about the MAPsignals process here.