10 Best Performing Mid Cap Tech Stocks in the Last 3 Years

4. Avepoint, Inc. (NASDAQ:AVPT)

Market Cap: $3.20 Billion

3Y CAGR: 58.03%

Number of Hedge Fund Holders: 33

AvePoint, Inc. (NASDAQ:AVPT) is one of the best-performing mid-cap tech stocks in the last three years, supported by strong SaaS growth and demand for cloud data protection. On October 8, 2025, DBS Bank upgraded AvePoint to a “Moderate Buy” rating, reflecting confidence in the company’s execution and sustained momentum across its subscription-based offerings.

The upgrade followed AvePoint’s solid second-quarter results, where the company reported $102.0 million in total revenue, up 31% year over year, and SaaS revenue growth of 44% to $77.3 million. Annual Recurring Revenue climbed 27% to $367.6 million, underscoring continued enterprise adoption of its Confidence Platform, which provides governance, backup, and risk management solutions across Microsoft 365 and other collaboration ecosystems.

AvePoint, Inc. (NASDAQ:AVPT) has also been expanding its platform capabilities, adding command centers for risk posture, optimization, and resilience, strengthening its position as a data protection and compliance provider in the modern workplace ecosystem. Headquartered in Jersey City, New Jersey, the company develops cloud-based software that helps organizations manage, secure, and optimize their collaboration data across hybrid environments.