(NASDAQ: APXT) Recommends Stockholders Vote in Favor of the proposed business combination with AvePoint. June 7, 2021 ·9 min read.
Did APXT merger happen?
apex technology acquisition is a SPAC bringing AvePoint, the largest data management solutions provider for Microsoft 365, to the market Once the merger is complete, apxt stock will change to AVPT but will continue to trade on the same exchange.
Who did AvePoint merge?
(“AvePoint” or the “Company”), the largest Microsoft 365 data management solutions provider, announced today the completion of its previously announced business combination with Apex Technology Acquisition Corporation (“Apex”), a publicly traded special purpose acquisition company or SPAC.
What is the price target for APXT?
Based on analyst ratings, Aptinyx’s 12-month average price target is $4.71.
Is APXT a good stock to buy?
Apex Technology Acquisition Corp finds support from accumulated volume at $10.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. This stock has average movements during the day and with good trading volume, the risk is considered to be medium.
Who acquired Apex?
Under the terms of the agreement, which has been unanimously approved by the members of the Apex Board of Directors, Galaxy Universal LLC will acquire all of the outstanding shares of Apex for $2.00 per share in cash. Apex has 564,000 shares outstanding.
What is going on with AVPT stock?
AvePoint Inc (NASDAQ:AVPT) The 5 analysts offering 12-month price forecasts for AvePoint Inc have a median target of 7.00, with a high estimate of 12.00 and a low estimate of 6.00 The median estimate represents a +61.29% increase from the last price of 4.34.
Will AvePoint go up?
AvePoint’s revenue is expected to grow by about 30% in 2022 according to consensus estimates. Microsoft 365 has about 280 million active users. This is expected to grow to 500 million over the next several years. This will provide AvePoint with a growing amount of new potential customers going forward.
What does APEX technology do?
Apex Technology Systems, Inc. is an information technology company based in central New Jersey since 1997. We specialize in IT consulting, staffing, application development, and infrastructure management , delivered within budget and time-frame.
What does Apex Technology Acquisition Corp do?
BURLINGAME, Calif. & JERSEY CITY, N.J.–(BUSINESS WIRE)–Apex Technology Acquisition Corporation (NASDAQ: APXT, “Apex”) and AvePoint, Inc., (“AvePoint” or the “Company”) the largest data management solutions provider for Microsoft 365 , today.
When did AvePoint go public?
AvePoint, which bills itself as the largest provider of data management technology for the Microsoft 365 market, on July 2 completed its IPO via a merger with Burlingame, Calif. -based Apex, a special purpose acquisition company, or SPAC.
Who is the CEO of APXT?
What does Apex Technology Acquisition Corp do? Apex is a special purpose acquisition corporation led by co-CEOs Jeff Epstein , the former CFO of Oracle, and Brad Koenig, the former head of Goldman Sachs’ global technology investment banking team.
Is AVPT stock a buy?
The consensus among 5 Wall Street analysts covering (NASDAQ: AVPT) stock is to Buy AVPT stock.
Is AVPT a SPAC?
(“AvePoint” or the “Company”), the largest Microsoft 365 data management solutions provider, announced today the completion of its previously announced business combination with Apex Technology Acquisition Corporation (“Apex”), a publicly traded special purpose acquisition company or SPAC.
How do I invest in Epic Games?
Although Epic has shares, they’re not currently available to the public for purchase. The only way to get a piece of Epic is to buy into its outside investors, such as Tencent or Sony.
What brands does apex tools make?
Our portfolio of innovative powerhouse brands includes SATA®, GEARWRENCH®, Crescent®, Cleco®, Weller®, and APEX® We also manufacture select, premier private label mechanics tools. Across the board, our tools stand for quality, innovation and value.
What happened apex global?
Sherman Oaks, California-based brand management company Apex Global Brands Inc., whose portfolio includes Cherokee, Hi-Tec, and Interceptor, announced on Tuesday that it has entered into an agreement to be acquired by Galaxy Universal LLC.
What does apex global brands do?
APEX Global Brands is a global brand ownership and marketing organization that manages, creates and elevates a growing portfolio of high-equity lifestyle brands.
Is Cswc a good stock?
The financial health and growth prospects of CSWC, demonstrate its potential to underperform the market. It currently has a Growth Score of F. Recent price changes and earnings estimate revisions indicate this stock lacks momentum and would be a lackluster choice for momentum investors.
Is AvePoint undervalued?
What is AvePoint worth? The stock is currently trading at US$6.64 on the share market, which means it is overvalued by 27% compared to my intrinsic value of $5.23. Not the best news for investors looking to buy!.
Is AVPT profitable?
Earnings and Revenue History Quality Earnings: AVPT is currently unprofitable Growing Profit Margin: AVPT is currently unprofitable.
Is Dropbox a good stock to buy?
Solid Q4 earnings Dropbox has been able to do this by steadily growing its paying users and average revenue per user (ARPU). At the end of 2021, Dropbox had 16.8 million paying customers, up from 14.3 million two years ago. ARPU was $133.73 in 2021, up from $123.07 in 2019.
What is a apex?
Definition of apex 1a : the uppermost point : vertex the apex of a mountain. b : the narrowed or pointed end : tip the apex of the tongue. 2 : the highest or culminating point the apex of his career.
Sources
https://apexacquisitioncorp.com/
https://marketrealist.com/p/apxt-merger-news/
https://www.nasdaq.com/articles/apxt-stock%3A-theres-a-great-story-behind-this-spac-2021-06-10
https://stocktwits.com/symbol/APXT
