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

AeroVironment, Inc. (NASDAQ:AVAV) CEO Wahid Nawabi sold 29,366 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $128.20, for a total transaction of $3,764,721.20. Following the completion of the sale, the chief executive officer now directly owns 115,174 shares in the company, valued at approximately $14,765,306.80. This trade represents a 20.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

AeroVironment Stock Down 1.9 %

Shares of NASDAQ:AVAV opened at $123.59 on Friday. The firm has a market capitalization of $3.49 billion, a P/E ratio of 71.03 and a beta of 0.42. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.36 and a current ratio of 4.61. The stock has a 50 day moving average price of $153.36 and a 200-day moving average price of $177.06. AeroVironment, Inc. has a 52-week low of $110.07 and a 52-week high of $236.60.

Analyst Ratings Changes

AVAV has been the topic of several recent analyst reports. William Blair reissued an “outperform” rating on shares of AeroVironment in a research note on Wednesday, March 5th. Jefferies Financial Group reduced their target price on AeroVironment from $230.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Finally, Robert W. Baird dropped their price target on AeroVironment from $220.00 to $146.00 and set an “outperform” rating for the company in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, AeroVironment presently has an average rating of “Buy” and an average price target of $202.40.

Hedge Funds Weigh In On AeroVironment

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in AeroVironment by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 3,098,822 shares of the aerospace company’s stock worth $476,878,000 after purchasing an additional 35,543 shares during the period. Baillie Gifford & Co. increased its holdings in shares of AeroVironment by 9.4% in the 4th quarter. Baillie Gifford & Co. now owns 2,135,280 shares of the aerospace company’s stock worth $328,598,000 after purchasing an additional 183,887 shares in the last quarter. State Street Corp lifted its stake in AeroVironment by 0.5% during the 3rd quarter. State Street Corp now owns 1,582,871 shares of the aerospace company’s stock valued at $317,366,000 after acquiring an additional 7,471 shares during the period. Geode Capital Management LLC boosted its stake in shares of AeroVironment by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 654,024 shares of the aerospace company’s stock worth $100,670,000 after buying an additional 19,835 shares during the last quarter. Finally, Alyeska Investment Group L.P. purchased a new position in shares of AeroVironment in the fourth quarter worth approximately $93,759,000. Hedge funds and other institutional investors own 86.38% of the company’s stock.

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.