AeroVironment, Inc. (NASDAQ:AVAV) CEO Wahid Nawabi Sells 29,366 Shares

AeroVironment, Inc. (NASDAQ:AVAV) CEO Wahid Nawabi sold 29,366 shares of the stock in a transaction that occurred 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 owns 115,174 shares of the company’s stock, valued at $14,765,306.80. The trade was a 20.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

AeroVironment Stock Down 4.0 %

Shares of AVAV stock traded down $5.20 during trading hours on Wednesday, reaching $126.00. 316,906 shares of the stock were exchanged, compared to its average volume of 389,817. The business’s fifty day moving average is $155.02 and its two-hundred day moving average is $177.80. The firm has a market capitalization of $3.56 billion, a P/E ratio of 72.41 and a beta of 0.42. AeroVironment, Inc. has a 12-month low of $110.07 and a 12-month high of $236.60. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.61 and a quick ratio of 3.36.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AVAV. Robert W. Baird lowered their price target on AeroVironment from $220.00 to $146.00 and set an “outperform” rating for the company in a report on Wednesday, March 5th. Jefferies Financial Group dropped their target price 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, William Blair reissued an “outperform” rating on shares of AeroVironment in a research note on Wednesday, March 5th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $202.40.

Institutional Investors Weigh In On AeroVironment

Large investors have recently modified their holdings of the company. Quest Partners LLC purchased a new position in AeroVironment in the third quarter valued at $262,000. Charles Schwab Investment Management Inc. increased its holdings in shares of AeroVironment by 4.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 256,688 shares of the aerospace company’s stock valued at $51,466,000 after acquiring an additional 9,921 shares during the last quarter. Citigroup Inc. raised its position in shares of AeroVironment by 25.9% during the 3rd quarter. Citigroup Inc. now owns 72,232 shares of the aerospace company’s stock worth $14,483,000 after acquiring an additional 14,874 shares in the last quarter. Cerity Partners LLC lifted its stake in AeroVironment by 28.5% during the third quarter. Cerity Partners LLC now owns 2,225 shares of the aerospace company’s stock worth $446,000 after purchasing an additional 494 shares during the last quarter. Finally, Penserra Capital Management LLC boosted its holdings in AeroVironment by 87.1% in the third quarter. Penserra Capital Management LLC now owns 8,580 shares of the aerospace company’s stock valued at $1,720,000 after purchasing an additional 3,995 shares in the last quarter. 86.38% of the stock is owned by hedge funds and other 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.