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Wahid Nawabi, Chair, President and CEO of AeroVironment Inc (NASDAQ:AVAV), sold 17,300 shares of common stock on July 16, 2025, for a total of $4.55 million. The shares were sold at prices ranging from $260.65 to $265.17. The sale comes amid AVAV’s impressive 71% year-to-date gain and recent 11% surge in the past week. According to InvestingPro analysis, the stock currently trades at premium valuations, suggesting it may be overvalued.
Following the transaction, Nawabi directly owns 122,233 shares of AeroVironment, representing a stake in the company’s $13.2 billion market capitalization. InvestingPro subscribers can access 20 additional key insights and a comprehensive Pro Research Report for deeper analysis of AVAV’s valuation and growth prospects.
In other recent news, AeroVironment Inc. completed an additional public offering of 529,234 shares, raising gross proceeds of $131.3 million. The transaction followed the full exercise of the over-allotment option, bringing the total shares issued to 4,057,460 and resulting in net proceeds of approximately $126.3 million. In analyst updates, Cantor Fitzgerald reiterated its Overweight rating on AeroVironment, setting a price target of $335.00, while Stifel increased its price target from $240.00 to $295.00, maintaining a Buy rating. Stifel’s revised outlook considers AeroVironment’s financing plans, including $650 million in new debt and $875 million in equity financing.
Additionally, drone-related stocks, including AeroVironment, saw a rise following reports that the Pentagon has accelerated drone production and deployment. Defense Secretary Pete Hegseth’s directives allow for faster acquisition and testing of drones, aiming to enhance U.S. military capabilities. This policy shift reclassifies small drones as "consumables," simplifying their acquisition process. The Pentagon’s changes are intended to address previous shortcomings in fielding unmanned aircraft systems rapidly and at scale.
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