AirJoule Technologies (NASDAQ:AIRJ) Stock: Insider Matthew Jore Sells 50,000 Shares

AirJoule Technologies Corporation (NASDAQ:AIRJ) CEO Matthew Jore sold 50,000 shares of AirJoule Technologies stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $3.06, for a total transaction of $153,000.00. Following the completion of the transaction, the chief executive officer directly owned 7,698,020 shares in the company, valued at $23,555,941.20. This represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

AirJoule Technologies Trading Down 3.8%

Shares of AIRJ stock opened at $3.08 on Friday. AirJoule Technologies Corporation has a 12-month low of $2.22 and a 12-month high of $6.65. The business’s fifty day simple moving average is $4.45 and its 200-day simple moving average is $4.21. The company has a market cap of $225.92 million, a PE ratio of -2.37 and a beta of 0.89.

AirJoule Technologies (NASDAQ:AIRJ) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.04). On average, equities analysts forecast that AirJoule Technologies Corporation will post -0.09 earnings per share for the current year.

Wall Street Analyst Weigh In

AIRJ has been the subject of a number of research analyst reports. D. Boral Capital assumed coverage on AirJoule Technologies in a research note on Friday, October 2nd. They issued a “buy” rating and a $8.00 price target for the company. Weiss Ratings reissued a “sell (d)” rating on shares of AirJoule Technologies in a report on Thursday, August 13th. B. Riley Financial boosted their price target on AirJoule Technologies from $6.00 to $8.00 and gave the stock a “buy” rating in a research note on Monday, August 17th. UBS Group set a $10.00 price target on AirJoule Technologies in a research note on Monday, August 17th. Finally, Needham & Company LLC started coverage on shares of AirJoule Technologies in a report on Monday, August 31st. They set a “hold” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $9.20.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Fagan Associates Inc. acquired a new stake in shares of AirJoule Technologies during the third quarter worth $59,000. State Street Corp grew its holdings in shares of AirJoule Technologies by 26.8% during the second quarter. State Street Corp now owns 552,042 shares of the company’s stock valued at $3,058,000 after buying an additional 116,739 shares during the last quarter. Operose Advisors LLC acquired a new position in shares of AirJoule Technologies in the 2nd quarter valued at $100,000. Concurrent Investment Advisors LLC acquired a new position in shares of AirJoule Technologies in the 2nd quarter valued at $144,000. Finally, Bank of America Corp DE increased its position in shares of AirJoule Technologies by 63.5% in the 1st quarter. Bank of America Corp DE now owns 25,779 shares of the company’s stock valued at $65,000 after acquiring an additional 10,011 shares during the period. Hedge funds and other institutional investors own 63.65% of the company’s stock.

About AirJoule Technologies

AirJoule Technologies Corp. (NASDAQ:AIRJ) develops technologies that extract water vapor from the atmosphere. Its platform is designed to capture moisture from ambient air and convert it into usable water, including potable water and water for commercial or industrial applications.

The company’s technology is based on advanced sorbent materials that selectively absorb water vapor. AirJoule also aims to support energy-efficient humidity control and dehumidification, with potential applications in buildings, industrial facilities, agriculture, data centers and other settings where water recovery or climate control is important.

AirJoule Technologies was formerly known as Montana Technologies Corporation and became a publicly traded company through a business combination.