Airship AI (NASDAQ:AISP) CEO Buys $89,600.00 in Stock

Airship AI Holdings, Inc. (NASDAQ:AISP) CEO Victor Huang purchased 40,000 shares of the company’s stock in a transaction on Friday, March 20th. The stock was purchased at an average cost of $2.24 per share, for a total transaction of $89,600.00. Following the purchase, the chief executive officer directly owned 4,012,567 shares in the company, valued at approximately $8,988,150.08. This trade represents a 1.01% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Airship AI Trading Up 5.2%

Shares of AISP stock traded up $0.12 on Monday, hitting $2.40. 248,744 shares of the stock were exchanged, compared to its average volume of 737,408. The firm has a market capitalization of $82.45 million, a P/E ratio of 3.87 and a beta of 0.37. The business has a 50-day moving average of $2.90 and a 200 day moving average of $3.76. Airship AI Holdings, Inc. has a fifty-two week low of $2.20 and a fifty-two week high of $7.20.

Airship AI (NASDAQ:AISP) last posted its quarterly earnings data on Tuesday, February 17th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). The firm had revenue of $6.49 million for the quarter, compared to the consensus estimate of $6.40 million. As a group, research analysts forecast that Airship AI Holdings, Inc. will post 1.71 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Roth Mkm set a $8.00 price objective on shares of Airship AI in a research report on Monday, December 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Airship AI in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Airship AI presently has an average rating of “Sell” and an average price target of $8.00.

Institutional Trading of Airship AI

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. bought a new position in shares of Airship AI in the 1st quarter valued at about $93,000. AQR Capital Management LLC lifted its stake in Airship AI by 91.3% in the 1st quarter. AQR Capital Management LLC now owns 82,863 shares of the company’s stock valued at $320,000 after purchasing an additional 39,542 shares during the last quarter. Geode Capital Management LLC lifted its stake in Airship AI by 44.2% in the 2nd quarter. Geode Capital Management LLC now owns 459,461 shares of the company’s stock valued at $2,707,000 after purchasing an additional 140,793 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new position in Airship AI during the second quarter worth about $30,000. Finally, Intech Investment Management LLC acquired a new position in Airship AI during the second quarter worth approximately $70,000. 5.89% of the stock is owned by institutional investors.

Airship AI Company Profile

Airship AI Holdings, Inc offers AI-driven video, sensor, and data management surveillance platform in the United States. The company provides Airship Acropolis OS, an IP and analog video surveillance; Airship Command, a suite of visualization tools that allows users to view data and evidence ingested from the edge; and Airship Outpost for high-definition recording with user defined low-bit rate video stream encoding. It serves government, public sector, law enforcement, military, and commercial enterprise organizations.