On November 1, 2024, Kevin McDonnell, Senior Vice President and Chief Financial Officer of AeroVironment Inc (AVAV, Financial), sold 508 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 16,868 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 for defense, civil, and commercial applications.
Over the past year, Kevin McDonnell has sold a total of 2,806 shares and has not purchased any shares of the company. This recent sale is part of a broader trend observed within the company, where there have been 8 insider sells and no insider buys over the past year.
Shares of AeroVironment Inc were trading at $216.65 on the day of the sale. The company has a market cap of approximately $6.08 billion. The price-earnings ratio stands at 101.16, significantly higher than both the industry median of 34.59 and the company's historical median.
The stock is currently considered Significantly Overvalued with a price-to-GF Value ratio of 1.55, based on a GF Value of $139.39. 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 the company's future performance and valuation alignment.
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.
