Insider Trends: AeroVironment Insider Reports Option Conversion in Face of 90-Day Selling Trend
05:50 PM EDT, 05/07/2021 (MT Newswires) -- Arnold L Fishman, Director, on May 06, 2021, exercised options for 4,000 shares in AeroVironment (AVAV) for $119,160. After the Form 4 filing with the SEC, Fishman has control over 334,861 shares of the company of which 13,221 shares are held directly and 321,640 are controlled indirectly. These holdings have an approximate market value of $36.63 million as of the prior-day closing price.
Over the last 90 days, prior to the date of this filing, there have been 17 insider transactions reported to the SEC for AeroVironment. These transactions came from the activities of 4 separate insiders that resulted in a net disposition of 274,061 company shares. This compares with the preceding 90-day window of time where there was 1 transaction from 1 insider that resulted in the disposition of 147 shares.
This level of insider transactions is below that of the peer group average in the 46-company Aerospace & Defense peer group over the last 90-day period. Peer group activity averaged 122.2 transactions per company, and disposition of 26,077 shares on average.
SEC Story Link http://www.sec.gov/Archives/edgar/data/1368622/000156761921009346/xslF345X03/doc1.xml
This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.