AirJoule Technologies (NASDAQ:AIRJ) Insider Sells $10,974.54 in Stock

AirJoule Technologies Corporation (NASDAQ:AIRJ) insider Jeff Gutke sold 3,462 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $3.17, for a total value of $10,974.54. Following the sale, the insider owned 110,439 shares of the company’s stock, valued at $350,091.63. This trade represents a 3.04% 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 link.

AirJoule Technologies Price Performance

AirJoule Technologies stock traded down $0.14 during trading hours on Tuesday, reaching $3.26. The stock had a trading volume of 475,164 shares, compared to its average volume of 377,746. The company has a market cap of $197.82 million, a price-to-earnings ratio of -21.73 and a beta of 0.45. The business’s 50 day moving average price is $3.52 and its 200-day moving average price is $4.15. AirJoule Technologies Corporation has a 52 week low of $2.61 and a 52 week high of $8.30.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. LADENBURG THALM/SH SH began coverage on shares of AirJoule Technologies in a research note on Tuesday, December 16th. They issued a “buy” rating and a $8.00 target price for the company. Weiss Ratings reissued a “sell (e+)” rating on shares of AirJoule Technologies in a research report on Monday, December 29th. Lucid Cap Mkts upgraded AirJoule Technologies to a “strong-buy” rating in a research note on Monday, December 22nd. Finally, UBS Group set a $7.00 target price on AirJoule Technologies in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $9.00.

Hedge Funds Weigh In On AirJoule Technologies

Large investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its position in shares of AirJoule Technologies by 16.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 24,113 shares of the company’s stock worth $95,000 after acquiring an additional 3,323 shares during the period. Barclays PLC raised its stake in shares of AirJoule Technologies by 11.1% during the 4th quarter. Barclays PLC now owns 37,506 shares of the company’s stock worth $148,000 after buying an additional 3,760 shares during the period. Group One Trading LLC grew its stake in AirJoule Technologies by 45.6% in the 3rd quarter. Group One Trading LLC now owns 13,100 shares of the company’s stock valued at $61,000 after acquiring an additional 4,100 shares during the period. Police & Firemen s Retirement System of New Jersey acquired a new position in AirJoule Technologies during the second quarter worth $29,000. Finally, Nisa Investment Advisors LLC purchased a new position in AirJoule Technologies during the second quarter valued at $29,000. 63.65% of the stock is currently owned by institutional investors and hedge funds.

AirJoule Technologies Company Profile

Montana Technologies Corporation operates as an atmospheric renewable energy and water harvesting technology company. It provides energy and dehumidification, evaporative cooling, and atmospheric water generation through its AirJoule technology. The company is headquartered in Ronan, Montana.