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AvidXchange Holdings, Inc. (NASDAQ: AVDX) Securities Fraud Investigation

On or around October 12, 2021, AvidXchange conducted its IPO, selling 26.4 million shares priced at $25.00. On July 31, 2024, AvidXchange issued a press release announcing its financial results for the second quarter of 2024. In the results, AvidXchange reported revenue of $105.13 million, missing consensus estimates by $1.75 million, and revised its fiscal year 2024 revenue guidance downward to a range of $436 million to $439 million, compared to previous guidance of $442 million to $448 million.

On this news, AvidXchange's stock price fell $3.78 per share, or 29.72%, to close at $8.94 per share on July 31, 2024.

If you have any questions or would like to discuss this investigation, please contact Kessler Topaz Meltzer & Check, LLP:  Jonathan Naji, Esq. (484) 270-1453 or via e-mail at info@ktmc.com.  

Complete this form with your transactions in AvidXchange Holdings, Inc.
 securities pursuant and/or traceable to IPO on or about October 12, 2021.

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Purchase(s)
+ Additional Purchases
Sale(s)
+ Additional Sales
Date
# of Shares
Price per Share
Date
Principal Amount
Amount Paid
Series or CUSIP
Date
# of Contracts
Price per Contract
Exercise Price
Expiration Date
Did you purchase shares of AvidXchange Holdings, Inc. prior to the Class Period?
Are you a current or former employee of AvidXchange Holdings, Inc.?
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