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 company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $128.20, for a total transaction of $3,764,721.20. Following the completion of the transaction, the chief executive officer now owns 115,174 shares of the company’s stock, valued at $14,765,306.80. This represents a 20.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

AeroVironment Price Performance

AeroVironment stock opened at $126.00 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.61 and a quick ratio of 3.36. The business has a 50 day simple moving average of $154.19 and a 200-day simple moving average of $177.43. AeroVironment, Inc. has a 12 month low of $110.07 and a 12 month high of $236.60. The stock has a market capitalization of $3.56 billion, a PE ratio of 72.41 and a beta of 0.42.

Hedge Funds Weigh In On AeroVironment

Large investors have recently bought and sold shares of the company. CoreCap Advisors LLC increased its stake in shares of AeroVironment by 120.2% during the fourth quarter. CoreCap Advisors LLC now owns 185 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 101 shares during the period. Modus Advisors LLC acquired a new position in AeroVironment during the 4th quarter worth approximately $31,000. Golden State Wealth Management LLC purchased a new position in shares of AeroVironment during the 4th quarter worth approximately $31,000. Colonial Trust Advisors purchased a new position in shares of AeroVironment during the 4th quarter worth approximately $31,000. Finally, Accredited Wealth Management LLC acquired a new stake in shares of AeroVironment in the 4th quarter valued at approximately $31,000. Hedge funds and other institutional investors own 86.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AVAV. William Blair reissued an “outperform” rating on shares of AeroVironment in a report on Wednesday, March 5th. Robert W. Baird decreased their price objective on AeroVironment from $220.00 to $146.00 and set an “outperform” rating for the company in a report on Wednesday, March 5th. Finally, Jefferies Financial Group cut their target price on shares of AeroVironment from $230.00 to $190.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $202.40.

About AeroVironment

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.