On October 1, 2024, Kevin Mcdonnell, Senior Vice President and Chief Financial Officer of AeroVironment Inc (AVAV, Financial), sold 878 shares of the company at a price of $210.54 per share. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 17,376 shares of AeroVironment Inc.
AeroVironment Inc is a technology solutions provider that designs, develops, produces, and supports an advanced portfolio of unmanned aircraft systems and tactical missile systems. These products are used primarily by government agencies within the defense, civil, and commercial sectors.
Over the past year, Kevin Mcdonnell has sold a total of 2,298 shares of AeroVironment Inc and has not made any purchases of the stock. This recent sale is part of a broader trend observed within the company, where there have been 7 insider sells and no insider buys over the past year.
Shares of AeroVironment Inc were trading at $210.54 on the day of the sale, giving the company a market cap of approximately $5.80 billion. The price-earnings ratio of the company stands at 96.48, which is significantly higher than the industry median of 35.39 and above the historical median for the company.
The stock is currently considered Significantly Overvalued with a price-to-GF Value ratio of 1.53, based on a GF Value of $137.93. The GF Value is calculated considering historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates.
This insider sale might interest investors tracking insider behaviors as an indicator of confidence levels concerning the company's current valuation and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
