Insider Filing: What after Timothy Conver’s Insider Sale of AeroVironment, Inc. (NASDAQ:AVAV) Stock?

November 23, 2016 - By Ruchi Gupta

Insider Filing: What after Timothy Conver's Insider Sale of AeroVironment, Inc. (NASDAQ:AVAV) Stock?

Timothy Conver Insider Sell

The director of Aerovironment Inc, Timothy Conver not a long ago cashed-in roughly $1,514,600 U.S. Dollars for 55,250 shares in the Aerovironment Inc company at an approx. $27.4 of a share. Timothy Conver presently has 2.12 million shares or 9.24% of Aerovironment Inc’s market cap. The dated November 23, 2016 transaction’s filing filed with the U.S. SEC is on hand for review here.

AeroVironment, Inc. (NASDAQ:AVAV) Ratings Coverage

Out of 5 analysts covering AeroVironment (NASDAQ:AVAV), 1 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 20% are positive. $35 is the highest target while $24 is the lowest. The $27.25 average target is -4.72% below today’s ($28.6) stock price. AeroVironment has been the topic of 8 analyst reports since August 21, 2015 according to StockzIntelligence Inc. Zacks upgraded the shares of AVAV in a report on Monday, August 31 to “Sell” rating. The firm has “Hold” rating given on Wednesday, September 2 by Canaccord Genuity. The firm has “Overweight” rating given on Monday, September 14 by Piper Jaffray. Robert W. Baird initiated the shares of AVAV in a report on Thursday, October 6 with “Neutral” rating. The firm has “Sell” rating by Zacks given on Friday, August 21. The stock of AeroVironment, Inc. (NASDAQ:AVAV) has “Overweight” rating given on Wednesday, December 9 by Piper Jaffray. The firm has “Sell” rating given on Thursday, September 3 by TheStreet.

Insitutional Activity: The institutional sentiment increased to 1.38 in 2016 Q2. Its up 0.13, from 1.25 in 2016Q1. The ratio improved, as 6 funds sold all AeroVironment, Inc. shares owned while 34 reduced positions. 10 funds bought stakes while 40 increased positions. They now own 14.57 million shares or 23.41% less from 19.02 million shares in 2016Q1.

Citigroup Inc holds 0% of its portfolio in AeroVironment, Inc. (NASDAQ:AVAV) for 10,454 shares. Jacobs Levy Equity Mgmt Incorporated holds 0.04% of its portfolio in AeroVironment, Inc. (NASDAQ:AVAV) for 61,552 shares. Voya Management Limited Company accumulated 0% or 9,760 shares. Vident Inv Advisory Ltd Limited Liability Company last reported 59,919 shares in the company. Natixis accumulated 0.01% or 12,571 shares. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in AeroVironment, Inc. (NASDAQ:AVAV) for 401 shares. Wfg Advsrs Limited Partnership has invested 0% of its portfolio in AeroVironment, Inc. (NASDAQ:AVAV). The Pennsylvania-based Nationwide Fund Advisors has invested 0.01% in AeroVironment, Inc. (NASDAQ:AVAV). Pub Sector Pension Invest Board accumulated 14,313 shares or 0% of the stock. Moreover, Kennedy has 0.03% invested in AeroVironment, Inc. (NASDAQ:AVAV) for 48,288 shares. Bluestein R H & accumulated 0.02% or 8,000 shares. Moreover, Wolverine Asset Mngmt Limited Liability Corp has 0.03% invested in AeroVironment, Inc. (NASDAQ:AVAV) for 61,309 shares. Connors Investor Services holds 0.48% or 89,947 shares in its portfolio. Swiss Fincl Bank holds 0% or 38,100 shares in its portfolio. State Board Of Administration Of Florida Retirement Systems holds 0% or 17,051 shares in its portfolio.

Insider Transactions: Since May 24, 2016, the stock had 0 buys, and 11 selling transactions for $3.16 million net activity. Cook Raymond D sold $30,816 worth of stock. Conver Timothy E had sold 8,500 shares worth $240,311. The insider Nawabi Wahid sold 558 shares worth $13,308. The insider Karklin Kenneth D. sold 200 shares worth $4,770. 368 shares with value of $10,116 were sold by SCOTT DOUGLAS E on Tuesday, July 12.

About 45,831 shares traded hands. AeroVironment, Inc. (NASDAQ:AVAV) has risen 0.07% since April 21, 2016 and is uptrending. It has underperformed by 5.26% the S&P500.

AeroVironment, Inc. designs, develops, produces, supports and operates a portfolio of services and products for government agencies, businesses and consumers. The company has a market cap of $692.93 million. The Firm operates through two divisions: Unmanned Aircraft Systems , which focuses primarily on the design, development, production, support and operation of UAS and tactical missile systems that provide situational awareness, multi-band communications, force protection and other mission effects, and Efficient Energy Systems (EES), which focuses primarily on the design, development, production, marketing, support and operation of electric energy systems. It has a 157.08 P/E ratio. The Firm supplies UAS, tactical missile systems and related services primarily to organizations within the United States Department of Defense (DoD).

According to Zacks Investment Research, “Building on a history of technological innovation, AEROVIRONMENT INC., designs, develops, produces, and supports an advanced portfolio of Unmanned Aircraft Systems and efficient electric energy systems. The company’s small UAS are used extensively by agencies of the U.S. Department of Defense and increasingly by allied military services to provide situational awareness to tactical operating units through real-time, airborne reconnaissance, surveillance, and target acquisition. AV’s PosiCharge fast charge systems eliminate battery changing for electric industrial vehicles in factories, airports, and distribution centers.”

Analysts await AeroVironment, Inc. (NASDAQ:AVAV) to report earnings on December, 13.

More notable recent AeroVironment, Inc. (NASDAQ:AVAV) news were published by: Businesswire.com which released: “AeroVironment, Inc. Schedules Second Quarter Fiscal Year 2017 Earnings Release ..” on November 22, 2016, also Fool.com with their article: “Why Shares of AeroVironment, Inc. Plunged 19% Today” published on August 31, 2016, Fool.com published: “Why Shares of AeroVironment, Inc. Plunged 13% in August” on September 08, 2016. More interesting news about AeroVironment, Inc. (NASDAQ:AVAV) were released by: Fool.com and their article: “Why Aerovironment, Inc. Shares Plunged in January” published on February 08, 2016 as well as Businesswire.com‘s news article titled: “AeroVironment, Inc. Announces Fiscal 2016 Fourth Quarter and Full Year Results” with publication date: June 28, 2016.

AVAV Company Profile

AeroVironment, Inc., incorporated on June 27, 2006, designs, develops, produces, supports and operates a portfolio of services and products for government agencies, businesses and consumers. The Firm operates through two divisions: Unmanned Aircraft Systems (UAS), which focuses primarily on the design, development, production, support and operation of UAS and tactical missile systems that provide situational awareness, multi-band communications, force protection and other mission effects, and Efficient Energy Systems (EES), which focuses primarily on the design, development, production, marketing, support and operation of electric energy systems. The Firm supplies UAS, tactical missile systems and related services primarily to organizations within the United States Department of Defense (DoD), including the United States Army, Marine Corps, Special Operations Command and Air Force. The Firm also supplies charging systems and services for electric vehicles (EVs), and power cycling and test systems to commercial, consumer and government customers. The Company’s core technological capabilities include lightweight aerostructures; power electronics; electric propulsion systems; electric power generation, conversion and storage systems; high-density energy packaging; miniaturization; digital data links (DDL); aircraft sensors; controls integration, and systems integration and engineering optimization, hybrid propulsion, vertical takeoff fixed wing flight and autonomy.

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