Insider Selling: NV5 Global, Inc. (NASDAQ:NVEE) VP Sells 20,000 Shares of Stock

NV5 Global, Inc. (NASDAQ:NVEE) VP Richard Tong sold 20,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $20.08, for a total value of $401,600.00. Following the transaction, the vice president now owns 45,584 shares of the company’s stock, valued at $915,326.72. This trade represents a 30.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NV5 Global Stock Down 0.9 %

Shares of NASDAQ NVEE opened at $19.32 on Thursday. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 34.35, a PEG ratio of 3.21 and a beta of 1.19. The firm’s fifty day moving average is $22.27 and its 200 day moving average is $23.08. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30. NV5 Global, Inc. has a 52 week low of $19.16 and a 52 week high of $28.75.

Hedge Funds Weigh In On NV5 Global

Institutional investors have recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new stake in NV5 Global during the 2nd quarter valued at about $44,000. Blue Trust Inc. boosted its stake in shares of NV5 Global by 3,950.0% in the 3rd quarter. Blue Trust Inc. now owns 648 shares of the business services provider’s stock worth $60,000 after buying an additional 632 shares during the last quarter. Net Worth Advisory Group bought a new stake in shares of NV5 Global during the 3rd quarter valued at about $211,000. Handelsbanken Fonder AB raised its position in NV5 Global by 21.7% in the third quarter. Handelsbanken Fonder AB now owns 2,800 shares of the business services provider’s stock worth $262,000 after acquiring an additional 500 shares during the period. Finally, First Horizon Advisors Inc. lifted its position in NV5 Global by 576.9% during the second quarter. First Horizon Advisors Inc. now owns 2,965 shares of the business services provider’s stock valued at $276,000 after purchasing an additional 2,527 shares in the last quarter. Institutional investors own 75.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on NVEE shares. Robert W. Baird dropped their price target on shares of NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. StockNews.com lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday.

About NV5 Global

NV5 Global, Inc provides technology, conformity assessment, consulting solutions, and software applications to public and private sector clients in the infrastructure, utility services, construction, real estate, environmental, and geospatial markets in the United States and internationally. It operates through three segments: Infrastructure; Building, Technology & Sciences; and Geospatial Solutions.