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

NV5 Global, Inc. (NASDAQ:NVEE) VP Richard Tong sold 20,000 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $20.08, for a total value of $401,600.00. Following the sale, the vice president now owns 45,584 shares of the company’s stock, valued at approximately $915,326.72. This trade represents a 30.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

NV5 Global Trading Down 2.4 %

Shares of NASDAQ:NVEE opened at $19.50 on Wednesday. The company has a market cap of $1.27 billion, a PE ratio of 34.67, a P/E/G ratio of 3.21 and a beta of 1.19. NV5 Global, Inc. has a 52 week low of $19.31 and a 52 week high of $28.75. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30. The company’s 50 day moving average is $22.35 and its two-hundred day moving average is $23.11.

Hedge Funds Weigh In On NV5 Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Innealta Capital LLC acquired a new stake in shares of NV5 Global during the 2nd quarter worth $44,000. Blue Trust Inc. grew its holdings in NV5 Global by 3,950.0% during the 3rd quarter. Blue Trust Inc. now owns 648 shares of the business services provider’s stock valued at $60,000 after purchasing an additional 632 shares in the last quarter. Net Worth Advisory Group acquired a new position in shares of NV5 Global in the 3rd quarter valued at approximately $211,000. Handelsbanken Fonder AB grew its stake 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 purchasing an additional 500 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its position in shares of NV5 Global by 576.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,965 shares of the business services provider’s stock worth $276,000 after buying an additional 2,527 shares during the last quarter. Institutional investors and hedge funds own 75.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. StockNews.com downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a report on Wednesday. Robert W. Baird dropped their target price 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.

NV5 Global Company Profile

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.