AeroVironment (NASDAQ:AVAV) Director Sells $43,602.50 in Stock

AeroVironment, Inc. (NASDAQ:AVAVGet Free Report) Director Stephen Page sold 250 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $174.41, for a total transaction of $43,602.50. Following the completion of the sale, the director owned 49,001 shares in the company, valued at approximately $8,546,264.41. The trade was a 0.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

AeroVironment Stock Performance

Shares of NASDAQ:AVAV traded down $4.54 during trading on Tuesday, hitting $167.41. 529,127 shares of the stock were exchanged, compared to its average volume of 1,549,699. The company has a market capitalization of $8.36 billion, a price-to-earnings ratio of -38.52, a price-to-earnings-growth ratio of 2.34 and a beta of 1.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 4.54 and a current ratio of 5.51. AeroVironment, Inc. has a 1-year low of $156.00 and a 1-year high of $417.86. The company’s fifty day simple moving average is $183.96 and its 200-day simple moving average is $233.90.

AeroVironment News Roundup

Here are the key news stories impacting AeroVironment this week:

Hedge Funds Weigh In On AeroVironment

Several institutional investors have recently modified their holdings of AVAV. AlphaQuest LLC acquired a new position in AeroVironment during the third quarter valued at approximately $25,000. Smithfield Trust Co acquired a new position in shares of AeroVironment during the third quarter worth about $31,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of AeroVironment during the third quarter worth about $29,000. Huntington National Bank lifted its position in shares of AeroVironment by 72.1% in the third quarter. Huntington National Bank now owns 105 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 44 shares in the last quarter. Finally, Hilton Head Capital Partners LLC bought a new position in AeroVironment in the fourth quarter valued at $26,000. 86.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AVAV shares. Wall Street Zen upgraded shares of AeroVironment from a “sell” rating to a “hold” rating in a research note on Sunday, June 7th. Canaccord Genuity Group lowered their target price on shares of AeroVironment from $330.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, March 12th. Piper Sandler dropped their price target on shares of AeroVironment from $391.00 to $290.00 and set an “overweight” rating for the company in a research report on Tuesday, March 3rd. Weiss Ratings restated a “sell (d)” rating on shares of AeroVironment in a research note on Monday, June 8th. Finally, Citizens Jmp decreased their price objective on AeroVironment from $400.00 to $350.00 and set a “market outperform” rating on the stock in a report on Wednesday, March 11th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, AeroVironment currently has a consensus rating of “Moderate Buy” and a consensus target price of $318.78.

Get Our Latest Stock Analysis on AVAV

AeroVironment Company Profile

(Get Free Report)

AeroVironment, Inc (NASDAQ:AVAV) is a technology company specializing in unmanned aerial systems (UAS), tactical missiles and precision loitering munitions, electric vehicle charging and scalable energy systems. Headquartered in Monrovia, California, the company develops solutions for defense, public safety and commercial markets. Their offerings include small UAS for intelligence, surveillance and reconnaissance, as well as advanced weapons systems designed to meet the needs of modern military operations.

The company’s unmanned aerial systems portfolio features platforms such as the Raven, Puma and Switchblade series, which are deployed by the U.S.

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Insider Buying and Selling by Quarter for AeroVironment (NASDAQ:AVAV)

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