Clear Street Group Inc. Makes New Investment in AeroVironment, Inc. $AVAV

Clear Street Group Inc. bought a new position in shares of AeroVironment, Inc. (NASDAQ:AVAV) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 8,347 shares of the aerospace company’s stock, valued at approximately $2,019,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AlphaQuest LLC acquired a new position in AeroVironment during the 3rd quarter worth approximately $25,000. Tema Etfs LLC acquired a new position in AeroVironment during the 4th quarter worth approximately $26,000. Hilton Head Capital Partners LLC acquired a new position in AeroVironment during the 4th quarter worth approximately $26,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of AeroVironment during the 3rd quarter worth approximately $29,000. Finally, Smithfield Trust Co purchased a new stake in shares of AeroVironment during the 3rd quarter worth approximately $31,000. Institutional investors and hedge funds own 86.38% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AVAV. KeyCorp decreased their price target on AeroVironment from $330.00 to $295.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 11th. Zacks Research raised AeroVironment from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Wall Street Zen raised AeroVironment from a “sell” rating to a “hold” rating in a research note on Sunday, June 7th. Piper Sandler decreased their price target on AeroVironment from $391.00 to $290.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 3rd. Finally, JPMorgan Chase & Co. began coverage on AeroVironment in a research note on Tuesday, February 17th. They set an “overweight” rating and a $320.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $318.78.

AeroVironment Stock Performance

Shares of AVAV opened at $170.58 on Monday. The stock has a fifty day moving average of $184.20 and a two-hundred day moving average of $234.65. The company has a debt-to-equity ratio of 0.17, a quick ratio of 4.54 and a current ratio of 5.51. The company has a market capitalization of $8.52 billion, a PE ratio of -39.30, a price-to-earnings-growth ratio of 2.34 and a beta of 1.35. AeroVironment, Inc. has a fifty-two week low of $156.00 and a fifty-two week high of $417.86.

Trending Headlines about AeroVironment

Here are the key news stories impacting AeroVironment this week:

• Negative Sentiment: A class action lawsuit has been filed against AeroVironment and certain officers, with multiple firms encouraging affected shareholders to seek lead-plaintiff status before the July 27 deadline. Pomerantz Law Firm Announces the Filing of a Class Action Against AeroVironment, Inc. and Certain Officers – AVAV
• Negative Sentiment: The lawsuits and alerts allege investor harm tied to AeroVironment’s reliance on a single-vendor bespoke contract, which reportedly became vulnerable when the Space Force shifted toward multi-vendor commercial solutions. AVAV Shareholder Alert: AeroVironment, Inc. Securities Class Action Lawsuit – Investors Should Contact SueWallSt
• Negative Sentiment: Several firms, including Rosen, The Gross Law Firm, Schall, Faruqi & Faruqi, Bragar Eagel & Squire, and DJS Law Group, issued near-identical notices reminding investors of the pending class action and lead-plaintiff deadline, reinforcing legal risk sentiment around the name. ROSEN, GLOBAL INVESTOR COUNSEL, Encourages AeroVironment, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – AVAV

Insiders Place Their Bets

In other AeroVironment news, Director Stephen F. Page sold 250 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $162.31, for a total value of $40,577.50. Following the completion of the transaction, the director directly owned 49,251 shares in the company, valued at approximately $7,993,929.81. The trade was a 0.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.81% of the company’s stock.

AeroVironment Company 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.