Exploring AvePoint, Inc. (AVPT) Investor Profile: Who’s Buying and Why?

You're looking at AvePoint, Inc. (AVPT) because the data security and governance space is heating up, especially with the AI-driven data management challenges CEO Dr. Tianyi Jiang (TJ) keeps highlighting. But the real question is, are the big players buying into that story, and is their conviction backed by the numbers? As of late 2025, institutional ownership sits around 44.49% of the stock, with heavy hitters like Vanguard Group Inc. and BlackRock, Inc. holding significant positions, showing a clear institutional appetite for the data management platform space. This interest isn't just a hunch; it's grounded in the company's recent performance, which saw Q3 2025 total revenue hit $109.7 million, driven by SaaS revenue of $84.0 million-that's 77% of the total, a clear signal of a sticky business model. They're making money, too: non-GAAP operating income for the full year is projected to be around $77.8 million at the midpoint of their guidance. The big money is moving, so you need to understand the mechanics behind their positions. The risk is always execution, but the opportunity is in the trend.

Who Invests in AvePoint, Inc. (AVPT) and Why?

The investor base for AvePoint, Inc. (AVPT) is a fascinating mix, dominated by large, passive institutional funds and a very high level of insider and founder ownership. This structure suggests a long-term belief in the company's growth story, but also means the stock can be sensitive to the trading decisions of a few major players.

As of late 2025, institutional investors hold roughly 44.49% of the stock, but a critical factor is the significant insider ownership, which stands at approximately 26.19%. This alignment between management and shareholders is a key signal for long-term investors, even though the public float (shares available for general trading) is smaller than in many large-cap stocks.

Key Investor Types: The Institutional and Insider Core

The largest portion of AvePoint, Inc. shares is held by institutions, primarily index funds and large asset managers. These are not typically looking for quick flips; they are buy-and-hold players. For example, major holders include firms like The Vanguard Group, Inc. and BlackRock, Inc., alongside sovereign wealth-linked entities like Temasek Holdings (Private) Limited.

These large institutions, which collectively hold over 142 million shares, are essentially mandated to own the stock because AvePoint, Inc. is part of major indices like the Russell 2000. Their strategy is mostly passive indexing, meaning they buy and hold to match the index's performance. Active managers, like Parsifal Capital Management, LP and Jennison Associates LLC, also hold substantial stakes, indicating a more deliberate, research-driven conviction in the business.

• Institutional Investors: Passive index funds and active growth managers.
• Insiders: Founders and executives holding a significant stake, valued at over $1.1 billion as of September 2025.
• Retail Investors: The general public holds a meaningful but less concentrated portion, estimated around 10%.

Investment Motivations: Growth, Profitability, and Microsoft's Cloud

Investors are attracted to AvePoint, Inc. for three primary reasons: its strong growth in the cloud, its move toward consistent profitability, and its strategic market position. The company is a leader in data security, governance, and resilience, which is a massive and growing market, especially for organizations using Microsoft's cloud ecosystem.

The numbers from the 2025 fiscal year speak clearly to this growth narrative. In the third quarter of 2025, total revenue hit $109.73 million, a 24% year-over-year increase, with the crucial Software-as-a-Service (SaaS) revenue segment jumping by an even more impressive 38%. The full-year 2025 sales guidance was raised to a range of $414.8 million to $416.8 million. Moreover, the company is demonstrating financial discipline, reporting non-GAAP operating income of $24.1 million in Q3 2025, which translates to a 22.0% operating margin. This shift from growth-at-all-costs to profitable growth is defintely a key motivator for institutional capital.

The company also maintains a robust balance sheet, with cash, cash equivalents, and short-term investments totaling $472.0 million as of September 30, 2025. They don't pay a dividend, so the focus is purely on capital appreciation fueled by growth.

Investment Strategies: Long-Term Growth vs. Active Value

The strategies at play are primarily centered on long-term growth, with some active funds seeking value. Passive investors, like the index funds, are simply long-term holders by mandate. Active institutional investors are focused on the long-term growth potential of the Annual Recurring Revenue (ARR), which reached $390.0 million in Q3 2025. They are betting that AvePoint, Inc.'s deep integration with the Microsoft cloud platform will continue to drive durable, predictable revenue. You can learn more about the company's business model and history here: AvePoint, Inc. (AVPT): History, Ownership, Mission, How It Works & Makes Money.

A smaller, but notable, group of active managers is likely employing a growth-at-a-reasonable-price (GARP) or value-oriented strategy. They see the stock as potentially undervalued given the recent stock price decline, which was around 23.06% between November 2024 and November 2025, despite the improving fundamentals. They are buying into the company's transition to a profitable software business, believing the market hasn't fully priced in the Q3 2025 net income of $13.02 million. What this estimate hides, however, is the risk associated with the company's high reliance on the Microsoft ecosystem, which remains the single most important risk factor.

Institutional Ownership and Major Shareholders of AvePoint, Inc. (AVPT)

If you're looking at AvePoint, Inc. (AVPT), the direct takeaway is that institutional money is heavily invested and has been accumulating shares, signaling confidence in the company's long-term strategy, even with recent stock volatility. Institutional investors-the big players like mutual funds, pension funds, and asset managers-hold nearly half of the company, which gives them significant sway.

As of late 2025, institutional investors collectively own around 49% of AvePoint, Inc.'s stock. This concentration means their buying and selling activity can move the stock price fast, and their analysts have clearly done their homework on the business model. For a deeper dive into the fundamentals that these institutions are watching, you should check out Breaking Down AvePoint, Inc. (AVPT) Financial Health: Key Insights for Investors.

The Top Institutional Buyers and Their Stakes

The largest institutional holders in AvePoint, Inc. are a mix of passive index funds and active asset managers. This combination suggests that the stock is both a standard component in major indices and a target for conviction-based, active investing. Here's the quick math on the top holders based on recent 2025 filings:

• Vanguard Group Inc: The largest holder, with a stake of approximately 17,209,139 shares as of November 7, 2025.
• BlackRock, Inc.: Another major index fund manager, holding around 10,708,314 shares as of the end of Q2 2025.
• Temasek Holdings (Private) Limited: A sovereign wealth fund with a substantial holding, representing about 7.86% of shares outstanding as of July 2025.

When you see names like Vanguard Group Inc. and BlackRock, Inc. at the top, it tells you that AvePoint, Inc. is a well-established component in major US-focused exchange-traded funds (ETFs) and mutual funds. This passive ownership provides a defintely stable base of demand for the stock.

For a clearer picture of the sheer volume held by the largest institutional players, here are the top three by share count from the most recent 2025 reporting dates:

Recent Institutional Ownership Shifts in 2025

The trend in 2025 has been a clear increase in institutional conviction, which is an important signal. We're seeing significant stake boosts from several major firms. This isn't just passive money flowing in; this is active management making a bet.

For instance, JPMorgan Chase & Co. dramatically increased its position by a staggering 166.5% in a single quarter, holding 1,389,205 shares as of November 7, 2025. Also, Parsifal Capital Management LP boosted its holdings by 61.2% in the third quarter of 2025, acquiring over 3.2 million additional shares. This kind of aggressive buying suggests a strong belief in the company's near-term growth trajectory and valuation.

The overall institutional ownership has increased, with a total of 513 institutional owners holding a combined 142,611,172 shares. This accumulation is a sign that the investment community sees the cloud data management space as a high-growth area, and AvePoint, Inc. as a key player.

The Impact of Large Investors on Stock and Strategy

Institutional investors are not just passive shareholders; they are a force multiplier for a company's stock price and a critical check on its corporate strategy. Because they hold such a large block of stock-with the top seven shareholders controlling more than half of the shares-their collective decisions matter immensely.

Their sheer size means that a coordinated decision to buy or sell can create significant volatility. If a few large institutions decide to liquidate positions, the stock price can drop very quickly. Still, their presence provides a layer of stability and due diligence, as they only invest after extensive research. They often engage directly with management on issues like capital allocation, executive compensation, and environmental, social, and governance (ESG) policies. This oversight can help keep management focused on maximizing shareholder returns, which is ultimately what you want.

Actionable Insight: Track the quarterly 13F filings of the top holders like Vanguard and BlackRock. If you see a sustained pattern of accumulation, it validates your investment thesis. If you see a sudden, large-scale reduction, it's a clear signal to re-evaluate your position immediately.

Key Investors and Their Impact on AvePoint, Inc. (AVPT)

You're looking for a clear map of who owns AvePoint, Inc. (AVPT) and what their movements mean for the stock, so here's the direct takeaway: the company is a classic institutional-backed growth story, with major index funds and a powerful Singaporean sovereign wealth fund holding the largest stakes, while the founders maintain significant, influential insider ownership.

Institutional investors-the big funds like mutual funds and pension funds-own a substantial piece, around 44.49% to 49% of the company's stock as of late 2025. This level of ownership means their collective trading decisions can, and defintely do, move the share price. Plus, the founders and key executives still hold a large block of shares, which is a powerful signal of alignment but also a potential source of volatility when they sell.

The Heavy Hitters: Vanguard, BlackRock, and Temasek

When you look at the top shareholders, you see the usual suspects that dominate passive investing (funds that track an index) alongside a major sovereign wealth fund (a state-owned investment fund). The Vanguard Group Inc. and BlackRock, Inc. are consistently at the top, a common sight for a publicly traded company, reflecting its inclusion in various market indices.

The most notable investor outside of the index giants is Temasek Holdings (Private) Limited, the Singaporean state-owned investment company. Temasek's stake is significant, often ranking as one of the largest institutional holdings, which signals a long-term, strategic endorsement of AvePoint, Inc.'s cloud data management platform and its growth trajectory in the Asia-Pacific region and globally.

Here's a quick look at the top institutional holders and their reported positions as of the 2025 fiscal year filings:

The sheer size of these holdings, particularly Vanguard's 17.2 million shares, means their passive buying and selling to rebalance their funds creates a constant, low-level pressure on the stock price.

Insider Power and Recent Trading Signals

Beyond the institutions, the founders and executives hold considerable sway. Insider ownership-shares held by officers, directors, and employees-is high, ranging from 26.19% to 33% of the stock. This is a double-edged sword: it means management's wealth is tied directly to your own, but it also concentrates voting power.

The key insiders are Zhijian Lu (largest individual shareholder), Chairman Xunkai Gong, and CEO Tianyi Jiang. Their influence is direct, affecting strategic decisions like the company's focus on its Annual Recurring Revenue (ARR), which hit $390.0 million in Q3 2025.

• Insider Selling: Insiders sold a total of 5,755,780 shares valued at approximately $87.49 million over a recent 90-day period.
• Chairman's Move: Chairman Xunkai Gong sold 18,321 shares in early November 2025 for about $252,829.80.

This insider selling is important because it can signal a lack of confidence, even if it's for personal financial planning. You need to weigh that against the company's projected full-year 2025 revenue guidance of $414.8 million to $416.8 million.

Hedge Fund Activity: The Near-Term Price Movers

While the index funds are long-term anchors, hedge funds and active managers are your near-term price catalysts. Their recent moves show a strong appetite for AvePoint, Inc. stock, suggesting they see an opportunity in the company's shift toward an improved non-GAAP operating margin, which reached a record 22.0% in Q3 2025.

These are the funds making active bets:

• Invesco Ltd.: Increased its stake by a massive 218.0% in the second quarter of 2025, now holding over 5.3 million shares valued at about $103.0 million.
• Parsifal Capital Management LP: Boosted its holdings by 61.2% in the third quarter of 2025, bringing its total to over 8.5 million shares worth approximately $127.9 million.
• Jennison Associates LLC: Purchased a new stake in the first quarter of 2025 valued at about $30.6 million.

When active managers make big moves like this, it often reflects a belief that the market is underestimating a fundamental shift, such as the company's increasing focus on its platform-first approach to data governance and resilience. For a deeper look at the financial performance driving these decisions, you can read Breaking Down AvePoint, Inc. (AVPT) Financial Health: Key Insights for Investors.

Market Impact and Investor Sentiment

You're looking at AvePoint, Inc. (AVPT) and wondering who's buying and why, especially with the stock's recent volatility. The quick takeaway is that institutional investors are defintely increasing their conviction, but the market's near-term reaction is still tied to guidance nuances, not just performance. Institutional ownership is substantial, sitting at approximately 44.49% of the company's stock as of November 2025, which signals a strong belief in the long-term data management narrative.

The sentiment from major institutional players is largely positive, which is a key signal for any financially-literate decision-maker. When firms like Vanguard Group Inc., BlackRock, Inc., and Invesco Ltd. hold significant stakes, it means their deep-pocketed research teams have done the work and like what they see. Vanguard Group Inc. is one of the largest institutional holders, and Invesco Ltd. notably grew its stake by 218.0% during the second quarter of 2025, acquiring an additional 3,657,692 shares.

For a company like AvePoint, Inc., which operates in the critical cloud-native data management space, this institutional backing provides a solid floor. Plus, the insiders-executives and founders-maintain a meaningful holding, with ownership ranging from about 10.90% to 33%.

• Vanguard Group Inc.: Largest institutional holder.
• Invesco Ltd.: Boosted stake by 218.0% in Q2 2025.
• Parsifal Capital Management LP: Increased holdings by 61.2% in Q3 2025.
• Institutional Ownership: Approximately 44.49% of shares.

Recent Market Reactions and Guidance Nuances

The market's response to AvePoint, Inc.'s strong Q3 2025 results was a classic example of 'beat and raise, but still dip.' The company reported total revenue of $109.7 million, beating the analyst consensus of $107.8 million, and non-GAAP earnings per share (EPS) of $0.10, which surpassed the estimated $0.07 per share.

Here's the quick math: You beat on the top and bottom line, but the stock still traded lower in after-hours on November 6, 2025. Why? It comes down to the forward guidance. While management raised the full-year 2025 sales outlook to a range of $414.8 million to $416.8 million, this range was slightly below the street's consensus of $417.1 million. This small miss on the high-end of guidance expectation, even with a strong quarter, can trigger a short-term sell-off, especially in growth stocks. The share price as of November 7, 2025, was around $12.08 / share, reflecting a 23.06% decline from a year prior.

This kind of reaction shows that investors are not just looking at past performance; they are hyper-focused on the company's growth trajectory relative to its peers. You can dive deeper into the operational metrics in Breaking Down AvePoint, Inc. (AVPT) Financial Health: Key Insights for Investors.

Analyst Perspectives on Key Investor Impact

The analyst community views the high institutional and insider ownership as a positive sign of alignment and stability. The consensus rating on AvePoint, Inc. is a 'Moderate Buy' or 'Buy' as of November 2025, based on the research of multiple firms.

This positive outlook is grounded in the company's improving profitability and growth forecasts. For the full fiscal year ending December 2025, the company is expected to earn $0.32 per share. Analysts have also been steadily raising their earnings estimates, which is a powerful force that often precedes stock price appreciation. This upward trend even triggered a Zacks Rank #1 (Strong Buy) upgrade on November 17, 2025.

The consensus price target from analysts is around $18.58, with the high target reaching $25.00, suggesting a significant upside from the current trading price. What this estimate hides, however, is the risk associated with the company's reliance on the Microsoft ecosystem, which remains the single most important risk factor. Still, the strong institutional accumulation suggests they believe the company can navigate that risk while capitalizing on the massive demand for data security and governance.