14 after the closing bell. There’s a $140 million PIPE involved, and also a 180-day lockup period following the merger. Finally, as a Microsoft cloud expert, AvePoint looks to be a high-quality business with bright prospects and room to grow. AvePoint is the announced merger target of APXT, and is a pretty decent one, in my view. This core business provides highly profitable SaaS revenue for AvePoint. By Chris MacDonald, InvestorPlace Contributor Mar 22, 2021, 8:40 am EDT March 24, 2021 Additionally, AvePoint has helped with Microsoft’s various migration projects for Microsoft Teams, SharePoint and other products. 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 … NIO PRICE TARGET! Given the current SPAC premium of more than 30%, investors are paying slightly more on a NTM P/S basis. 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 … BUY Now! Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. That said, as with other SPAC mergers that have been pending for some time, investors may need to be patient with this one. The voting date hasn't been set yet but the combination is expected to close in Q1 of 2021. 112 . 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. 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. Expected revenue for AvePoint in 2021 is pegged at $193 million. 3 . Does anyone know the merger date for the apxt? How much is AvePoint worth before the APXT merger date? 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. That said, I’ll be waiting on the sidelines until this puppy trades publicly to see how the dust settles. Investors in APXT stock have reason to smile since the company announced a merger. 2021, but like many other SPAC mergers, such as the SoFi-IPOE deal, it's been delayed. Nasdaq 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. Financial projections and investor presentation link below. Will a WallStreetBets Short Squeeze Save RKT Stock? TILRAY, SNDL CRASH! I’m not opposed to companies taking their time to complete any merger. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the software and internet technology industries. All I found was that it will be in q1 of 2021. That’s a good thing for investors looking to base their decisions on data. quotes delayed at least 15 minutes, all others at least 20 minutes. I think you get what you pay for, so I understand it. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the software and internet technology industries. 3 Big Stories to Catch Up On. APXT 11.07 0.03 (0.27%) Post-Market 0.00 (0.00%) 24,888. As a result of its strong first-quarter earnings, AvePoint upgraded its 2021 revenue forecast to $194 million from $193 million. First, at almost 40 percent below its peak, the stock offers investors exposuure to AvePoint at a bargain. 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. At the current APXT stock price, AvePoint is valued at $2.2 billion. 2385 views . However, I’m going to discuss why this particular SPAC is less obscene in terms of its valuation (I won’t say cheap). This leads me to my next point: AvePoint’s customer base is impressive. Hi welcome back to another apxt stock video ... APXT STOCK ANALYSIS + PREDICTIONS! 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. 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. 14. $SPAC Deal - $APXT DA with AvePoint, the largest data management solutions provider for Microsoft cloud. About APXT. At least until the SPAC deal closes, there’s a floor of $10 on shares of APXT stock. I think AvePoint is a great company with Microsoft-style recurring revenues, currently trading at a premium. Indeed, there’s still hope we could see some sort of announcement in the next few weeks. That’s because, in a SPAC, an owner can redeem at par if they don’t like a deal. APXT Stock: MASSIVE Avepoint Update & Analysis!Merger Coming Next Week... BUY Now!!. Details about the APXT and AvePoint merger date are developing. Cloud computing is the future, and Microsoft is among the world’s top cloud vendors. I’ll also discuss why there’s room for optimism right now for investors holding onto APXT stock. APXT stock looks like a good buy now for several reasons. For financial reporting, their fiscal year ends on December 31st. Copyright © 2021 InvestorPlace Media, LLC. APXT stock was unchanged in the regular session on Apr. Additionally, AvePoint’s clientele base outside of Microsoft is very enticing. The company has insulated itself well and should continue to grow nicely alongside its mega-cap clients. Ethereum Classic (ETC) Price Predictions: Where Will the Ethereum Rival Go Next? But with AvePoint and Apex's merger, boards having already cleared the deal, and it should close soon. 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. Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public … AvePoint is a Microsoft cloud expert and doesn’t face serious competitive threat. Market Realist is a registered trademark. 1125 N. Charles St, Baltimore, MD 21201. Importantly, this fast-growing revenue stream appears to be surrounded by a nice moat. AvePoint is going public as a profitable company with a strong balance sheet. 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. The moat comes from the highly regulated nature of the products AvePoint provides. Apex Technology Acquisition Corp (APXT) is a SPAC (special purpose acquisition company) that is taking AvePoint public via a reverse-merger. 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. However, following AvePoint's earnings and share repurchase announcement, APXT rose more than 11 percent in after-hours trading. It’s still a growth investor’s market, and there’s going to be momentum with this stock once it hits the market. 2021 InvestorPlace Media, LLC. apxt merger date february 2021 It’s free. ?Join my Patreon https://www.patreon.com/BIGMO... DID THE STOCK MARKET CRASH BY WALLSTREETSBETS!? AvePoint and Apex announced their merger agreement on Nov. 23, 2020. If playback doesn't begin shortly, try restarting your device. The Apex SPAC deal valued AvePoint at $2 billion. January 12, 2021. AvePoint released its preliminary 2021 first quarter earnings on Apr. Expected revenue for AvePoint in 2021 is pegged at $193 million. Comparable companies to AvePoint include Alteryx, Dynatrace, Jamf, and Avalara. AvePoint is going public through a SPAC merger with Apex Technology Acquisition (APXT). It estimates revenue of $38.4 million–$38.8 million, well within its internal projection. Subscribe to N2S Finance. APXT stock has traded between $9.63 and $17.90 since its debut. I think there’s a lot to like about the APXT-AvePoint merger. 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.”. Feb. 4 2021, Updated 3:11 p.m. AvePoint is a data migration company that has actually been around for 20 years. At roughly $11 per share, APXT presents a buying opportunity. If You’re Patient, Hold BitTorrent As a Long-Term Investment. The company expects its revenue to grow to $257 million in 2022 from $194 million in 2021. All Rights Reserved. Apex Technology Acquisition (NASDAQ:APXT) has more going for it than a lot of special purpose acquisition companies (SPACs) right now. AvePoint wrapped up the first quarter with $65.8 million in cash, and is free of debt. '20 Estimates - $148M rev / 26% growth'21 Estimates - $193M rev / 30% growthhttps://t.co/lqfSMxnWGf pic.twitter.com/tSmCSuSFzb. Slide 15 of the investor presentation tells the story better than I can. Apex Technology Acquisition Corporation does not have significant operations. Share your opinion and gain insight from other stock traders and investors. Personally, the price tag on this one is steep. AvePoint, a Microsoft cloud expert, offers solutions geared toward enterprises using Microsoft products such as Office 365 and Teams. Moreover, management's share repurchase plan shows that the company will work to compensate for stock dilution as soon as possible if it happens. 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. Second, the risk of stock dilution looks low. After the merger between Apex and AvePoint is official, the newly formed company will trade on the Nasdaq under the new ticker symbol "AVPT." 15 comments. Initially, it was expected that this deal would close sometime in the first quarter. 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). Offers may be subject to change without notice. 0.27%. AvePoint has unveiled a share repurchase program worth $20 million, a rarity among startups going public. Scratch that – it’s incredible. With Q1 Earnings Due, Is Now The Time to Buy Plug Power Stock? It expects to post an operating loss of $4.1 million–$11.9 million. By Robert Lakin, InvestorPlace Contributor Jan 12, 2021, 9:58 am EDT. What Did the Stock Market Do Today? The company’s main partner is Microsoft (NASDAQ:MSFT). I am honored to continue leading this wonderful team of passionate and agile forward-thinkers. Copyright © #MicrosoftTeams #MSPartner. People may receive compensation for some links to products and services on this website. 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. 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. 7 Reddit Penny Stocks to Watch with Record Dogecoin Prices in Mind. © Copyright 2021 Market Realist. That's all we have so far? 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. The APXT and AvePoint merger is expected to close in the first quarter of 2021. 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. The SEC taking a closer interest in SPAC mergers may be causing some delays. They had hoped to complete the deal by the end of Mar. The company’s business model is equally impressive. APXT Stock: Why Apex Shares Are Climbing Ahead of the AvePoint SPAC Merger Jan. 12, 2021 at 9:58 a.m.
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