Keystone Investors PTE Ltd. recently purchased 7,480 shares of AeroVironment, Inc. (NASDAQ:AVAV), valued at approximately $2.355 million, adding to significant institutional ownership in the company. Despite missing Q3 EPS estimates, AeroVironment saw a 150.7% revenue jump and secured a $186 million U.S. Army order for Switchblade systems. The stock experienced a dip due to valuation and margin concerns, though analysts largely maintain a bullish outlook with an average price target of $367.
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Keystone Investors PTE Ltd. Acquires New Shares in AeroVironment, Inc. $AVAV
Keystone Investors PTE Ltd. recently purchased 7,480 shares of AeroVironment, Inc. (NASDAQ:AVAV), valued at approximately $2.355 million, adding to significant institutional ownership in the company. Despite missing Q3 EPS estimates, AeroVironment saw a 150.7% revenue jump and secured a $186 million U.S. Army order for Switchblade systems. The stock experienced a dip due to valuation and margin concerns, though analysts largely maintain a bullish outlook with an average price target of $367.