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

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

AeroVironment Price Performance

Shares of NASDAQ AVAV opened at $169.61 on Friday. AeroVironment, Inc. has a fifty-two week low of $156.00 and a fifty-two week high of $417.86. The company has a market cap of $8.47 billion, a PE ratio of -39.08, a P/E/G ratio of 2.29 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. The business has a 50-day simple moving average of $182.81 and a two-hundred day simple moving average of $231.53.

Wall Street Analyst Weigh In

Several research firms have weighed in on AVAV. Stifel Nicolaus dropped their target price on shares of AeroVironment from $389.00 to $315.00 and set a “buy” rating on the stock in a research report on Wednesday, March 11th. Jefferies Financial Group decreased their price target on shares of AeroVironment from $390.00 to $305.00 and set a “buy” rating for the company in a report on Thursday, March 12th. Raymond James Financial upgraded shares of AeroVironment from an “underperform” rating to a “market perform” rating in a research note on Monday, March 23rd. Piper Sandler dropped their price objective on shares of AeroVironment from $391.00 to $290.00 and set an “overweight” rating on the stock in a report on Tuesday, March 3rd. Finally, Robert W. Baird cut their target price on AeroVironment from $260.00 to $235.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 11th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $318.78.

View Our Latest Report on AVAV

Institutional Investors Weigh In On AeroVironment

A number of institutional investors and hedge funds have recently modified their holdings of AVAV. AlphaQuest LLC purchased a new position in AeroVironment during the 3rd quarter worth approximately $25,000. Sunbelt Securities Inc. acquired a new stake in AeroVironment during the 1st quarter valued at approximately $25,000. Tema Etfs LLC purchased a new stake in shares of AeroVironment in the 4th quarter valued at $26,000. Hilton Head Capital Partners LLC purchased a new stake in shares of AeroVironment in the 4th quarter valued at $26,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of AeroVironment in the first quarter worth $28,000. Institutional investors and hedge funds own 86.38% of the company’s stock.

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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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