Aerovironment Inc (AVAV) Files Form 4 Insider Selling : Timothy E Conver Sells 8,500 Shares

Aerovironment Inc (AVAV): Timothy E Conver , director officer 10% owner (Chairman, President a of Aerovironment Inc sold 8,500 shares on Apr 14, 2016. The Insider selling transaction was reported by the company on Apr 18, 2016 to the Securities and Exchange Commission. The shares were sold at $28.36 per share for a total value of $241,062.12 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 16, 2016, Timothy E Conver (Chairman and CEO) sold 4,248 shares at $27.06 per share price.On Jan 19, 2016, Cathleen S Cline (Senior VP of Administration) sold 10,000 shares at $26.11 per share price.Also, On Oct 7, 2015, Douglas E Scott (SVP, Gen. Counsel, Secretary) sold 1,663 shares at $21.20 per share price.On Oct 7, 2015, Wahid Nawabi (Senior VP and COO) sold 558 shares at $21.20 per share price.

Shares of AeroVironment (AVAV) ended Friday, Apr 15, 2016 session in red amid volatile trading. The shares closed down -0.24 points or -0.84% at $28.18 with 53,006 shares getting traded. Post opening the session at $28.27, the shares hit an intraday low of $28.12 and an intraday high of $28.52 and the price vacillated in this range throughout the day. The company has a market cap of $658 M and the number of outstanding shares has been calculated to be 2,33,57,076 shares. The 52-week high of AeroVironment is $30.6499 and the 52-week low is $19.1.

AeroVironment Money Flow Index Chart

Currently the company Insiders own 13.2% of AeroVironment shares according to the proxy statements.Institutional Investors own 68.71% of AeroVironment shares.During last six month period, the net percent change held by insiders has seen a change of -3.1%.

AeroVironment Inc. designs develops produces supports and operates a portfolio of products and services for Government agencies businesses and consumers. The Company supplies unmanned aircraft systems tactical missile systems and related services primarily to organizations within the United States Department of Defense (DoD). The Company operates through two segments: 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 to the operations of the Company’s customers and Efficient Energy Systems (EES) which focuses primarily on the design development production marketing support and operation of electric energy systems. It also supplies charging systems and services for electric vehicles and power cycling and test systems to commercial consumer and Government customers.

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