Timothy E. Conver, AeroVironment’s CEO and Trustee of The Conver Family Trust, has established a pre-arranged stock trading plan to sell a portion of company stock held by the Trust. The company’s shares reached over $28 last week as a result of unusually high trading volume. Analysts at Pacific Crest upgraded shares from a “sector perform” rating to an “outperform” rating.
The stock has a 52 week low of $20.70 and a 52 week high of $35.38. Its 50-day moving average is $27.29. The company has a market cap of $611.4 million and a price-to-earnings ratio of 33.41.
If all the planned sales are completed, Mr. Conver will beneficially own approximately 3,905,087 shares of AeroVironment common stock, or approximately 18.45% of the company’s current outstanding shares.
To read full Press Release about CEO Trading plan, click here.