Insider Selling: AIRO Group (NASDAQ:AIRO) CFO Sells $206,000.28 in Stock

AIRO Group Holdings, Inc. (NASDAQ:AIRO) CFO Mariya Pylypiv sold 20,078 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $10.26, for a total transaction of $206,000.28. Following the sale, the chief financial officer owned 49,887 shares in the company, valued at $511,840.62. This trade represents a 28.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

AIRO Group Trading Down 6.0%

Shares of NASDAQ:AIRO opened at $9.98 on Thursday. The company has a 50 day moving average of $10.68 and a 200-day moving average of $13.04. The firm has a market cap of $312.37 million and a P/E ratio of 499.00. AIRO Group Holdings, Inc. has a twelve month low of $7.28 and a twelve month high of $39.07.

Analysts Set New Price Targets

A number of equities analysts have issued reports on AIRO shares. Cantor Fitzgerald decreased their price target on AIRO Group from $35.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday, November 21st. Weiss Ratings reissued a “sell (e)” rating on shares of AIRO Group in a research note on Monday, December 29th. BTIG Research cut their price objective on AIRO Group from $26.00 to $19.00 and set a “buy” rating for the company in a report on Monday, November 24th. Wall Street Zen upgraded AIRO Group from a “sell” rating to a “hold” rating in a report on Saturday, December 20th. Finally, Mizuho lowered their target price on AIRO Group from $25.00 to $20.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, AIRO Group currently has an average rating of “Moderate Buy” and a consensus target price of $19.67.

Institutional Trading of AIRO Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Strs Ohio bought a new stake in AIRO Group during the third quarter worth approximately $25,000. Leonteq Securities AG bought a new position in shares of AIRO Group in the fourth quarter valued at $25,000. Caitong International Asset Management Co. Ltd bought a new position in shares of AIRO Group in the fourth quarter valued at $30,000. Raymond James Financial Inc. acquired a new stake in shares of AIRO Group during the 2nd quarter valued at $43,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of AIRO Group during the 4th quarter valued at $43,000.

About AIRO Group

We are a technologically differentiated aerospace, autonomy, and air mobility platform targeting 21st century aerospace and defense opportunities. We leverage decades of industry expertise and connections across the drone, aviation, and avionics markets to provide leading solutions to the aerospace and defense market. We offer connected and diversified solutions providing operational synergies across our segments and are powered by an international footprint as well as supplier and public sector relationships.