AeroVironment, Inc. (NASDAQ:AVAV) CEO Sells $3,764,721.20 in Stock

AeroVironment, Inc. (NASDAQ:AVAV) CEO Wahid Nawabi sold 29,366 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $128.20, for a total value of $3,764,721.20. Following the completion of the transaction, the chief executive officer now directly owns 115,174 shares of the company’s stock, valued at approximately $14,765,306.80. The trade was a 20.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

AeroVironment Stock Performance

NASDAQ:AVAV opened at $120.93 on Friday. The company has a 50-day moving average of $152.40 and a 200-day moving average of $176.64. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 69.50 and a beta of 0.42. The company has a current ratio of 4.61, a quick ratio of 3.36 and a debt-to-equity ratio of 0.02. AeroVironment, Inc. has a twelve month low of $110.07 and a twelve month high of $236.60.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AVAV. William Blair reiterated an “outperform” rating on shares of AeroVironment in a research report on Wednesday, March 5th. Jefferies Financial Group decreased their price objective on shares of AeroVironment from $230.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Finally, Robert W. Baird dropped their target price on AeroVironment from $220.00 to $146.00 and set an “outperform” rating on the stock in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $202.40.

Institutional Trading of AeroVironment

A number of large investors have recently added to or reduced their stakes in the business. Redwood Investments LLC increased its holdings in shares of AeroVironment by 0.7% in the fourth quarter. Redwood Investments LLC now owns 9,273 shares of the aerospace company’s stock valued at $1,427,000 after buying an additional 66 shares in the last quarter. Arizona State Retirement System raised its position in shares of AeroVironment by 0.8% during the fourth quarter. Arizona State Retirement System now owns 8,170 shares of the aerospace company’s stock worth $1,257,000 after purchasing an additional 68 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of AeroVironment by 5.5% during the fourth quarter. Mackenzie Financial Corp now owns 1,601 shares of the aerospace company’s stock valued at $246,000 after purchasing an additional 83 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in shares of AeroVironment by 0.6% during the fourth quarter. New York State Teachers Retirement System now owns 17,618 shares of the aerospace company’s stock valued at $2,711,000 after purchasing an additional 100 shares during the last quarter. Finally, CoreCap Advisors LLC increased its stake in AeroVironment by 120.2% in the 4th quarter. CoreCap Advisors LLC now owns 185 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 101 shares in the last quarter. 86.38% of the stock is currently owned by institutional investors.

AeroVironment Company Profile

AeroVironment, Inc designs, develops, produces, delivers, and supports a portfolio of robotic systems and related services for government agencies and businesses in the United States and internationally. It operates through Small Unmanned Aircraft Systems (SUAS), Tactical Missile System (TMS), Medium Unmanned Aircraft Systems (MUAS), and High Altitude Pseudo-Satellite Systems (HAPS) segments.