14. By Chris MacDonald, InvestorPlace Contributor Mar 22, 2021, 8:40 am EDT March 24, 2021 I think there’s a lot to like about the APXT-AvePoint merger. Indeed, there’s still hope we could see some sort of announcement in the next few weeks. APXT Stock: Why Apex Shares Are Climbing Ahead of the AvePoint SPAC Merger Jan. 12, 2021 at 9:58 a.m. On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. The transaction is expected to close at any moment now. AutoNation (AN) Stock Plays a Role in Bill Gates's Divorce, Honest (HNST) IPO Stock Is a Good Bet for Growth Investors, There's Still Time to Buy BioNTech (BNTX) Stock, SEC taking a closer interest in SPAC mergers. I think AvePoint is a great company with Microsoft-style recurring revenues, currently trading at a premium. The voting date hasn't been set yet but the combination is expected to close in Q1 of 2021. APXT and AvePoint haven’t set a firm date for their merger closure. Louis Navellier and the InvestorPlace Research Staff. The majority of AvePoint’s revenue is recurring, with AvePoint’s Software as a Service (SaaS) business model enticing many investors to this SPAC right now. That’s because, in a SPAC, an owner can redeem at par if they don’t like a deal. I’m generally bearish on most SPACs due to the lottery ticket-chasing mentality that props up valuations to levels that don’t make sense. AvePoint and Apex announced their merger agreement on Nov. 23, 2020. APXT BFT MERGER DATES! About APXT. Will a WallStreetBets Short Squeeze Save RKT Stock? If You’re Patient, Hold BitTorrent As a Long-Term Investment. The … AvePoint Announces Preliminary First Quarter 2021 Financial Results and $20.0 million APXT Share Purchase Program PR Newswire – 04/14/2021 JERSEY CITY, N.J., April 14, 2021 AvePoint, Inc., the largest data management solutions provider for Microsoft 365, today announced AvePoint's preliminary financial results for the first quarter ended March 31, 2021. Investors in APXT stock have reason to smile since the company announced a merger. AvePoint released its preliminary 2021 first quarter earnings on Apr. #MicrosoftTeams #MSPartner. 3 . All Rights Reserved. AvePoint has unveiled a share repurchase program worth $20 million, a rarity among startups going public. SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Apex Technology Acquisition Corp. - APXT February 5, 2021, 9:00 PM EST SHARE THIS ARTICLE Conservative investors may want to wait the six months to see if they can pick up shares on the cheap, assuming insiders are eager to cash in their hard-earned equity. That said, as with other SPAC mergers that have been pending for some time, investors may need to be patient with this one. There’s a $140 million PIPE involved, and also a 180-day lockup period following the merger. That’s impressive – there aren’t too many multi-decade old tech companies out there today, other than a handful of names that have become ubiquitous. In 2020, it generated revenue of $151.5 million. Numbers don’t lie, so let’s have a look at the story the numbers tell for this particular SPAC. In fact, I think APXT is a unique SPAC in that investors already have a pretty good line of sight into how to value this company. ET. Slide 15 of the investor presentation tells the story better than I can. As a result of its strong first-quarter earnings, AvePoint upgraded its 2021 revenue forecast to $194 million from $193 million. APXT Stock Risk This stock has average movements during the day and with good trading volume, the risk is considered to be medium. By Robert Lakin, InvestorPlace Contributor Jan 12, 2021, 9:58 am EDT. At the current APXT stock price, AvePoint is valued at $2.2 billion. Additionally, AvePoint’s clientele base outside of Microsoft is very enticing. After the merger between Apex and AvePoint is official, the newly formed company will trade on the Nasdaq under the new ticker symbol "AVPT." Copyright © 2021 InvestorPlace Media, LLC. The APXT and AvePoint merger is expected to close in the first quarter of 2021. N2S Finance Published at : 12 Jan 2021 . Cloud computing is the future, and Microsoft is among the world’s top cloud vendors. AvePoint is the announced merger target of APXT, and is a pretty decent one, in my view. I’ll also discuss why there’s room for optimism right now for investors holding onto APXT stock. Microsoft’s data partner AvePoint is gearing up to go public through a reverse merger with Apex Technology Acquisition Corp. (APXT). Investors interested in APXT are afforded the time to properly analyze the deal. Given the current SPAC premium of more than 30%, investors are paying slightly more on a NTM P/S basis. I think there’s a lot to like about the APXT-AvePoint merger. - APXT STOCK SET TO EXPLODE! AvePoint will trade under the "AVPT" ticker symbol upon the merger's closure. And indeed, with the strong first quarter earnings, 2021 revenue outlook upgrade, and share repurchase plan, AvePoint just demonstrated that it may be worth more than investors thought. This is the first official news on the merger to come out since ... Avepoint have released some statements on Twitter regarding their upcoming merger with APXT. Feb. 4 2021, Updated 3:11 p.m. Why APXT stock looks intriguing as a SPAC holding right now. AvePoint wrapped up the first quarter with $65.8 million in cash, and is free of debt. $SPAC Deal - $APXT DA with AvePoint, the largest data management solutions provider for Microsoft cloud. I’m not opposed to companies taking their time to complete any merger. The company’s business model is equally impressive. Its competitors include Cipherpoint, ManageEngine 0365, Adaxes, and ShareGate. This leads me to my next point: AvePoint’s customer base is impressive. First, at almost 40 percent below its peak, the stock offers investors exposuure to AvePoint at a bargain. Find the latest Apex Technology Acquisition Cor (APXT) stock quote, history, news and other vital information to help you with your stock trading and investing. BUY Now! However, following AvePoint's earnings and share repurchase announcement, APXT rose more than 11 percent in after-hours trading. ?Join my Patreon https://www.patreon.com/BIGMO... DID THE STOCK MARKET CRASH BY WALLSTREETSBETS!? The company’s main partner is Microsoft (NASDAQ:MSFT). Given this decline and AvePoint’s growth projection, investors are wondering if AvePoint is undervalued ahead of the merger. But with AvePoint and Apex's merger, boards having already cleared the deal, and it should close soon. It plans to tap into its strong balance sheet to start putting money back in the pockets of shareholders. This is good news for AvePoint and for our customers. 2021 InvestorPlace Media, LLC. 2021, but like many other SPAC mergers, such as … Apex Technology Acquisition Corp is regulated by the U.S. Security and Exchange Commission and incorporated in the state of Delaware. '20 Estimates - $148M rev / 26% growth'21 Estimates - $193M rev / 30% growthhttps://t.co/lqfSMxnWGf pic.twitter.com/tSmCSuSFzb. According to the company’s Form 425: “The total equity value of the company is priced at approximately $2 billion, which translates to a 2021 projected revenue multiple of 9x and a 2022 projected revenue multiple of 6.8x.”. Apex Technology Acquisition Corporation does not have significant operations. That said, I’ll be waiting on the sidelines until this puppy trades publicly to see how the dust settles. APXT & Avepoint merger date is announced, the exact date is not announced yet but the month is. Personally, the price tag on this one is steep. The merger between APXT and AvePoint will likely take place sometime early in 2021, although an exact date hasn't been announced. AvePoint, a Microsoft cloud expert, offers solutions geared toward enterprises using Microsoft products such as Office 365 and Teams. It estimates revenue of $38.4 million–$38.8 million, well within its internal projection. Apex Technology Acquisition Corp is primarely in the business of services-prepackaged software. Subscribe to N2S Finance. 7 Reddit Penny Stocks to Watch with Record Dogecoin Prices in Mind. Does anyone know the merger date for the apxt? NIO PRICE TARGET! How can they have Feb merger if they haven't started preliminary filing, this doesn't seem legit at all. I think you get what you pay for, so I understand it. That said, a forward valuation of around 7-times 2022 sales isn’t obscene, but mostly because we’ve seen some pretty crazy SPAC valuations recently. AvePoint and Apex announced their merger agreement on Nov. 23, 2020. The repurchase plan, designed to reduce stock dilution risk associated with the SPAC merger, demonstrates management’s confidence in the startup’s growth and profitability prospects. Ethereum Classic (ETC) Price Predictions: Where Will the Ethereum Rival Go Next? - *MERGER DATE ANNOUNCED* Share this & earn $10. Apex Technology Acquisition Looks Pricey, but May Be Attractive Post Merger, 6 Companies That Dogecoin Is Now Worth More Than >>> READ MORE, Why Bitcoin Can Run to $100,000 by the End of the Year, Matt McCall and the InvestorPlace Research Staff. Apex Technology Acquisition Corporation does not have significant operations. Here's @AvePoint's preliminary FY21Q1 financial results and $20 Million $APXT share purchase program https://t.co/zO1NKCE8KZ - also, updates on merger and latest SEC changes pic.twitter.com/vqjNknOYmr, How many Teams are you a member of within Microsoft Teams? quotes delayed at least 15 minutes, all others at least 20 minutes. AvePoint is going public through a SPAC merger with Apex Technology Acquisition (APXT). Copyright © APXT and AvePoint merger date The merger between APXT and AvePoint will likely take place sometime early in 2021, although an exact date hasn't been … The cloud software startup says its customers include a quarter of Fortune 500 companies. AvePoint is a Microsoft cloud expert and doesn’t face serious competitive threat. Get the hottest … Apex Technology Acquisition Corporation (APXT) and AvePoint, the largest data management solutions provider for Microsoft 365, today announced preliminary, selected unaudited financial results for the … APXT Stock Verdict. But at least it’s quality investors are paying for. All rights reserved. AvePoint is set to receive $252 million in cash to invest in growing its business. This core business provides highly profitable SaaS revenue for AvePoint. They had hoped to complete the deal by the end of Mar. Whether or not to buy this SPAC now, or wait for AvePoint to be listed on the NASDAQ under the AVPT ticker, is another question. APXT and AvePoint merger date The merger between APXT and AvePoint will likely take place sometime early in 2021, although an exact date hasn't been announced. Details about the APXT and AvePoint merger date are developing. The SEC taking a closer interest in SPAC mergers may be causing some delays. It expects to post an operating loss of $4.1 million–$11.9 million. Finally, as a Microsoft cloud expert, AvePoint looks to be a high-quality business with bright prospects and room to grow. It’s costly and painstaking to build a competitive product portfolio. The deal is expected to close in the first quarter of 2021. APXT stock was unchanged in the regular session on Apr. APXT 11.07 0.03 (0.27%) Post-Market 0.00 (0.00%) 24,888. They had hoped to complete the deal by the end of Mar. 14 after the closing bell. AvePoint is going public as a profitable company with a strong balance sheet. Usually it takes 2 -3 months from S4 filing, see in the case of GIK, they started filing on Dec 30 and CEO mentioned that they expecting DA to be around mid Feb to End of March. Importantly, this fast-growing revenue stream appears to be surrounded by a nice moat. Additionally, AvePoint has helped with Microsoft’s various migration projects for Microsoft Teams, SharePoint and other products. All rights reserved. How much is AvePoint worth before the APXT merger date? During the last day, the stock moved $0.34 between high and low, or 3.17%.For the last week, the stock has had a daily average volatility of 2.73%.. Our recommended stop-loss: $10.11 (-5.57%) (This stock has medium daily movements and this gives medium risk. Find the latest Apex Technology Acquisition Cor (APXT) stock discussion in Yahoo Finance's forum. The moat comes from the highly regulated nature of the products AvePoint provides. 1125 N. Charles St, Baltimore, MD 21201. 2021, but like many other SPAC mergers, such as the SoFi-IPOE deal, it's been delayed. ! - YouTube. Scratch that – it’s incredible. Second, the risk of stock dilution looks low. If playback doesn't begin shortly, try restarting your device. Share your opinion and gain insight from other stock traders and investors. Today we announced AvePoint will go public via a $2.0 billion USD initial public merger with Apex Technology Acquisition Corporation (NASDAQ: APXT), a special-purpose acquisition company (SPAC). Market Realist is a registered trademark. That’s a good thing for investors looking to base their decisions on data. 2385 views . APXT stock has traded between $9.63 and $17.90 since its debut. It finished the last session at $11.15, down almost 40 percent from its peak. © Copyright 2021 Market Realist. After the business combination is completed, AvePoint … APXT stock, which will change to AVPT stock when the SPAC merger closes, is worth 28% to 65% more By Mark R. Hake , CFA Mar 24, 2021, 1:26 pm EDT March 24, 2021 Indeed, AvePoint has played a large role in data migration to Microsoft’s cloud platforms. It’s looking like investors are starting to take notice of blank-check company Apex Technology Acquisition (NASDAQ: APXT) about a month after InvestorPlace highlighted its planned merger … The company expects its revenue to grow to $257 million in 2022 from $194 million in 2021. APXT Stock: MASSIVE Avepoint Update & Analysis!Merger Coming Next Week... BUY Now!!. APXT stock looks like a good buy now for several reasons. It’s looking like investors are starting to take notice of blank-check company Apex Technology … However, I’m going to discuss why this particular SPAC is less obscene in terms of its valuation (I won’t say cheap). 112 . Expected revenue for AvePoint in 2021 is pegged at $193 million. Hi welcome back to another apxt stock video ... APXT STOCK ANALYSIS + PREDICTIONS! Offers may be subject to change without notice. It’s still a growth investor’s market, and there’s going to be momentum with this stock once it hits the market. I am honored to continue leading this wonderful team of passionate and agile forward-thinkers. 15 comments. The company has insulated itself well and should continue to grow nicely alongside its mega-cap clients. Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public … Apex Technology Acquisition Corp - Ordinary Shares - Class A 11.07 0.03 (0.27%) Apex Technology Acquisition Corp - Ordinary Shares - Class A NASDAQ Updated Apr 28, 2021 1:51 PM. We plan to use… For financial reporting, their fiscal year ends on December 31st. Apex Technology Acquisition (NASDAQ:APXT) has more going for it than a lot of special purpose acquisition companies (SPACs) right now. Also, its closely watched subscription revenue is expected to be $26.7 million–27 million, representing a year-over-year increase of more than 49 percent at the midpoint. Comparable companies to AvePoint include Alteryx, Dynatrace, Jamf, and Avalara. Editor’s note: This article was updated on March 24 to correct the nature of the relationship between AvePoint and Microsoft. Moreover, management's share repurchase plan shows that the company will work to compensate for stock dilution as soon as possible if it happens. It intends to buy back shares both in the open market and through privately negotiated transactions. APXT stock is not cheap and investors are paying the market premium for quality today. At least until the SPAC deal closes, there’s a floor of $10 on shares of APXT stock. 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