AeroVironment, Inc. (NASDAQ:AVAV) Chairman Timothy E. Conver Sells 13,792 Shares
AeroVironment, Inc. (NASDAQ:AVAV) Chairman Timothy E. Conver sold 13,792 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $63.35, for a total transaction of $873,723.20. Following the completion of the sale, the chairman now owns 55,659 shares of the company’s stock, valued at approximately $3,525,997.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of NASDAQ AVAV traded down $0.55 during trading hours on Wednesday, hitting $62.43. 239,800 shares of the stock were exchanged, compared to its average volume of 243,024. The firm has a market cap of $1.51 billion, a PE ratio of 57.76, a price-to-earnings-growth ratio of 1.54 and a beta of 1.29. AeroVironment, Inc. has a 12 month low of $56.00 and a 12 month high of $121.32.
Several equities research analysts have recently commented on the stock. Piper Jaffray Companies reduced their price target on shares of AeroVironment from $79.00 to $74.00 and set a “neutral” rating for the company in a report on Tuesday, June 4th. BidaskClub lowered shares of AeroVironment from a “hold” rating to a “sell” rating in a report on Friday, April 5th. Zacks Investment Research upgraded shares of AeroVironment from a “hold” rating to a “strong-buy” rating and set a $91.00 price target for the company in a report on Friday, March 8th. ValuEngine lowered shares of AeroVironment from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. Finally, Canaccord Genuity upgraded shares of AeroVironment from a “hold” rating to a “buy” rating and boosted their price target for the company from $84.00 to $86.00 in a report on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $76.10.
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AeroVironment Company Profile
AeroVironment, Inc designs, develops, produces, supports, and operates a portfolio of products and services for government agencies and businesses. The company offers unmanned aircraft systems (UAS) and related services primarily to organizations within the U.S. Department of Defense and to international allied governments; and tactical missile systems and related services to organizations within the U.S.
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