Insider Selling: NV5 Global, Inc. (NASDAQ:NVEE) VP Sells $401,600.00 in Stock

NV5 Global, Inc. (NASDAQ:NVEE) VP Richard Tong sold 20,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $20.08, for a total transaction of $401,600.00. Following the sale, the vice president now owns 45,584 shares of the company’s stock, valued at approximately $915,326.72. The trade was a 30.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

NV5 Global Price Performance

NVEE stock opened at $18.96 on Friday. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30. The firm’s 50-day moving average price is $22.19 and its two-hundred day moving average price is $23.05. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 33.71, a PEG ratio of 3.21 and a beta of 1.19. NV5 Global, Inc. has a 12-month low of $18.96 and a 12-month high of $28.75.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Innealta Capital LLC purchased a new stake in NV5 Global in the 2nd quarter worth approximately $44,000. Blue Trust Inc. raised its holdings in shares of NV5 Global by 3,950.0% during the third quarter. Blue Trust Inc. now owns 648 shares of the business services provider’s stock valued at $60,000 after acquiring an additional 632 shares in the last quarter. Net Worth Advisory Group purchased a new stake in NV5 Global in the third quarter worth $211,000. Handelsbanken Fonder AB boosted its holdings in NV5 Global by 21.7% in the third quarter. Handelsbanken Fonder AB now owns 2,800 shares of the business services provider’s stock valued at $262,000 after acquiring an additional 500 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its position in NV5 Global by 576.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,965 shares of the business services provider’s stock valued at $276,000 after purchasing an additional 2,527 shares during the period. Hedge funds and other institutional investors own 75.54% of the company’s stock.

Analysts Set New Price Targets

NVEE has been the subject of a number of recent research reports. Robert W. Baird lowered their target price on NV5 Global from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. StockNews.com downgraded NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday.

NV5 Global Company Profile

NV5 Global, Inc provides technology, conformity assessment, consulting solutions, and software applications to public and private sector clients in the infrastructure, utility services, construction, real estate, environmental, and geospatial markets in the United States and internationally. It operates through three segments: Infrastructure; Building, Technology & Sciences; and Geospatial Solutions.