Stock AVDX AVIDXCHANGE HOLDINGS, INC.
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Company AvidXchange Holdings, Inc.

Equities

AVDX

US05368X1028

Business Support Services

End-of-day quote Nasdaq
Other stock markets
 03:30:00 25/04/2024 am IST 		5-day change 1st Jan Change
11.83 USD -0.34% Intraday chart for AvidXchange Holdings, Inc. +3.32% -4.52%
15/04 Goldman Sachs Downgrades AvidXchange Holdings to Sell From Neutral, Cuts Price Target to $11.50 From $13 MT
12/04 Piper Sandler Adjusts AvidXchange Price Target to $12 From $14, Maintains Neutral Rating MT

Business Summary

AvidXchange Holdings, Inc. is a provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers. The Company’s cloud-based, software and payment platform digitizes and automates the AP workflow for middle market businesses (AvidXchange’s buyer customers), and their service providers and vendors (AvidXchange’s supplier customers). The Company provides solutions and services throughout North America spanning multiple industries including real estate, homeowner’s associations, construction, financial services (including banks and credit unions), healthcare facilities, social services, education, and media. AvidXchange’s software solutions are delivered primarily through a software-as-a-service (SaaS) platform that connects buyer customers using the Company’s AP automation products with a network of their vendors, including supplier customers. The Company has made payments to more than 1,200,000 supplier customers of its buyers.

Number of employees: 1,600

Sales per Business

USD in Million2022Weight2023Weight Delta
Payment
69.6 %
214 67.6 % 265 69.6 % +23.98%
Software
29.5 %
100 31.5 % 112 29.5 % +12.70%
Services
0.9 %
3 0.9 % 3 0.9 % +15.40%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
100.0 %
316 100.0 % 381 100.0 % +20.35%

Managers

Managers TitleAgeSince
Michael Praeger CEO
 Chief Executive Officer 56 01/00/01
Daniel Drees PSD
 President 56 01/18/01
Joel Wilhite DFI
 Director of Finance/CFO 54 01/17/01
Angelic Gibson CTO
 Chief Tech/Sci/R&D Officer 47 01/19/01
John Feldman COO
 Chief Operating Officer - 01/19/01
Melissa Spitzer-Johnson PRN
 Corporate Officer/Principal - -
Marie LaQuerre TRE
 Treasurer - 01/20/01
Jessica Antle SAM
 Sales & Marketing - -
James Sutton PRN
 Corporate Officer/Principal - 01/22/01
Mike Travis PRN
 Corporate Officer/Principal - -

Members of the board

Members of the board TitleAgeSince
James Hausman BRD
 Director/Board Member 67 01/02/01
Michael Praeger CEO
 Chief Executive Officer 56 01/00/01
Lance Drummond BRD
 Director/Board Member 69 15/21/15
James McGuire BRD
 Director/Board Member 65 15/21/15
Asif Ramji BRD
 Director/Board Member 51 19/22/19
Teresa Mackintosh BRD
 Director/Board Member 51 15/21/15
Sonali Sambhus BRD
 Director/Board Member 49 19/22/19

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 204,324,279 185,181,948 ( 90.63 %) 0 90.63 %

Shareholders

NameEquities%Valuation
Vanguard Fiduciary Trust Co.
8.756 %
17,890,929 8.756 % 235 M $
Michael Praeger
7.414 %
15,148,251 7.414 % 199 M $
MASTERCARD, INC.
6.066 %
12,395,096 6.066 % 163 M $
BlackRock Advisors LLC
5.398 %
11,030,174 5.398 % 145 M $
Senvest Management LLC
4.735 %
9,675,695 4.735 % 127 M $
Bain Capital Private Equity LP
4.473 %
9,139,898 4.473 % 120 M $
Morgan Stanley Investment Management, Inc.
2.923 %
5,972,753 2.923 % 79 M $
Lord, Abbett & Co. LLC
2.741 %
5,600,949 2.741 % 74 M $
Lone Pine Capital LLC
2.487 %
5,080,632 2.487 % 67 M $
North Reef Capital Management LP
2.201 %
4,497,800 2.201 % 59 M $

Company contact information

AvidXchange Holdings, Inc.

1210 AvidXchange Lane

28206, Charlotte

+

http://www.avidxchange.com
address AvidXchange Holdings, Inc.(AVDX)

Sector

Industrials
Industrial & Commercial Services
Professional & Commercial Services
Business Support Services
Transaction & Payment Services

Sales per Business

Ratings for AvidXchange Holdings, Inc.

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
11.96 USD
Average target price
14 USD
Spread / Average Target
+17.06%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Transaction & Payment Services
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