CloudAlpha Capital Management Limited Hong Kong bought a new stake in AeroVironment, Inc. (NASDAQ:AVAV – Free Report) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 16,800 shares of the aerospace company’s stock, valued at approximately $5,290,000.
Several other large investors have also made changes to their positions in AVAV. N.E.W. Advisory Services LLC boosted its position in AeroVironment by 60.0% in the third quarter. N.E.W. Advisory Services LLC now owns 80 shares of the aerospace company’s stock valued at $25,000 after buying an additional 30 shares in the last quarter. AlphaQuest LLC acquired a new stake in shares of AeroVironment during the third quarter worth approximately $25,000. TD Waterhouse Canada Inc. raised its stake in shares of AeroVironment by 100.0% in the third quarter. TD Waterhouse Canada Inc. now owns 80 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 40 shares during the last quarter. Steigerwald Gordon & Koch Inc. acquired a new position in shares of AeroVironment in the 3rd quarter worth approximately $31,000. Finally, Vermillion Wealth Management Inc. acquired a new position in shares of AeroVironment in the 3rd quarter worth approximately $31,000. Institutional investors own 86.38% of the company’s stock.
AeroVironment Trading Up 6.7%
NASDAQ:AVAV opened at $274.35 on Tuesday. The company has a current ratio of 5.08, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16. AeroVironment, Inc. has a 1-year low of $102.25 and a 1-year high of $417.86. The firm has a market capitalization of $13.70 billion, a price-to-earnings ratio of -219.48, a PEG ratio of 3.80 and a beta of 1.23. The business’s 50-day moving average price is $287.31 and its two-hundred day moving average price is $294.61.
Insiders Place Their Bets
In other AeroVironment news, CAO Brian Charles Shackley sold 200 shares of the business’s stock in a transaction dated Tuesday, December 30th. The stock was sold at an average price of $250.92, for a total value of $50,184.00. Following the completion of the transaction, the chief accounting officer directly owned 5,994 shares of the company’s stock, valued at approximately $1,504,014.48. The trade was a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kevin Patrick Mcdonnell sold 999 shares of the firm’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $367.60, for a total value of $367,232.40. Following the sale, the chief financial officer directly owned 17,301 shares in the company, valued at approximately $6,359,847.60. This represents a 5.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 2,710 shares of company stock worth $922,464. Corporate insiders own 0.81% of the company’s stock.
Analyst Upgrades and Downgrades
AVAV has been the subject of several research analyst reports. Citigroup reiterated a “market outperform” rating on shares of AeroVironment in a research report on Monday, January 12th. BNP Paribas Exane started coverage on AeroVironment in a research note on Tuesday, November 18th. They issued an “outperform” rating and a $355.00 target price for the company. Piper Sandler reiterated an “overweight” rating on shares of AeroVironment in a research report on Wednesday, December 10th. BTIG Research reissued a “buy” rating and set a $415.00 price objective on shares of AeroVironment in a report on Monday, January 26th. Finally, Cantor Fitzgerald lowered their price objective on shares of AeroVironment from $335.00 to $315.00 and set an “overweight” rating for the company in a research report on Wednesday, December 10th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $378.06.
Check Out Our Latest Stock Analysis on AeroVironment
AeroVironment Profile
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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