Monitoring NV5 Global Inc. (NVEE) after recent insider movements


NV5 Global Inc.’s filing revealed that its Chairman and CEO WRIGHT DICKERSON unloaded Company’s shares for reported $1.28 million on Feb 13. In the deal valued at $128.25 per share,10,000 shares were sold. As a result of this transaction, WRIGHT DICKERSON now holds 476,229 shares worth roughly $ 51.24 million.

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Then, WRIGHT DICKERSON sold 20,000 shares, generating $2,539,159 in total proceeds. Upon selling the shares at $126.96, the Chairman and CEO now owns 486,229 shares.

Before that, WRIGHT DICKERSON sold 10,000 shares. NV5 Global Inc. shares valued at $1,322,285 were divested by the Chairman and CEO at a price of $132.23 per share. As a result of the transaction, WRIGHT DICKERSON now holds 506,229 shares, worth roughly $54.47 million.

Robert W. Baird downgraded its NV5 Global Inc. [NVEE] rating to a Neutral from a an Outperform in a research note published on Friday. PT values the company’s stock at a premium of 15.28 to its Friday closing price. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who began to cover the stock in mid March with a ‘”an Outperform”‘ rating. Sidoti also remained covering NVEE and has increased its forecast on August 24, 2020 with a “Buy” recommendation from previously “Neutral” rating. Sidoti revised its rating on July 23, 2020. It rated NVEE as “a Neutral” which previously was an “a Buy”.

Price Performance Review of NVEE

On Friday, NV5 Global Inc. [NASDAQ:NVEE] saw its stock fall -12.52% to $107.59. On the same session, the stock had its day’s lowest price of $95.5101, but rose to a high of $109.92. Over the last five days, the stock has lost -15.76%. NV5 Global Inc. shares have fallen nearly -18.69% since the year began. Nevertheless, the stocks have risen 7.13% over the past one year. While a 52-week high of $154.97 was reached on 01/17/23, a 52-week low of $98.58 was recorded on 02/24/23. SMA at 50 days reached $132.53, while 200 days put it at $130.76. A total of 0.64 million shares were traded, compared to the trading of 0.16 million shares in the previous session.

Levels Of Support And Resistance For NVEE Stock

The 24-hour chart illustrates a support level at 98.76, which if violated will result in even more drops to 89.93. On the upside, there is a resistance level at 113.17. A further resistance level may holdings at 118.75. The Relative Strength Index (RSI) on the 14-day chart is 25.18, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -9.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.57%. Stochastics %K at 19.94% indicates the stock is a buying.

How much short interest is there in NV5 Global Inc.?

A steep rise in short interest was recorded in NV5 Global Inc. stocks on Jan 12, 2023, dropping by 54360.0 shares to a total of 0.27 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 0.33 million shares. There was a decline of -19.83%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.39% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.28.

NV5 Global Inc. [NVEE] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 1,916,974 shares, or roughly 12.32% of the outstanding NVEE shares. In other words, the investor’s shares have risen by 84,642 from its previous 13-F filing of 1832332.0. . Over the last quarter, Fidelity Management & Research Co sold -28,944 shares of NV5 Global Inc., while Dimensional Fund Advisors LP sold -2,264 shares. At present, SSgA Funds Management, Inc. is holding 429,215 shares valued at $57.21 million. Geneva Capital Management LLC owned 379,976 shares of the company at the time of its most recent 13F filing, worth $50.65 million.

According to FactSet, NV5 Global Inc.’s share price will average $145.33 in the next year, based on opinions of analysts polled by the firm. This is up nearly 11.39 percent from its previous closing price of $122.99. Analysts expect NV5 Global Inc. stock to reach the higher price of $175.00, while the lowest price estimate is $130.00. However, 7 analysts have rated NVEE stock as an Overweight in their predictions for 2023. The most recent change occurred on May 29, 2020 when BofA/Merrill began covering the stock and recommended ‘”a Neutral”‘ rating along with a $58 price target.


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