Internacional Argentina Magic Sells 12,200 Shares of VisionWave (NASDAQ:VWAV) Stock

VisionWave Holdings Inc (NASDAQ:VWAV) major shareholder Internacional Argentina Magic sold 12,200 shares of the company’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $9.58, for a total value of $116,876.00. Following the transaction, the insider directly owned 2,008,300 shares of the company’s stock, valued at approximately $19,239,514. This represents a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Internacional Argentina Magic also recently made the following trade(s):

• On Wednesday, February 11th, Internacional Argentina Magic sold 2,080 shares of VisionWave stock. The stock was sold at an average price of $9.00, for a total value of $18,720.00.

VisionWave Stock Performance

VWAV stock opened at $8.27 on Friday. The stock’s 50 day simple moving average is $10.10. The stock has a market capitalization of $136.60 million, a PE ratio of -48.65 and a beta of 0.18. VisionWave Holdings Inc has a fifty-two week low of $2.06 and a fifty-two week high of $15.80.

VisionWave (NASDAQ:VWAV) last announced its quarterly earnings results on Friday, October 3rd. The company reported ($0.15) EPS for the quarter.

Hedge Funds Weigh In On VisionWave

Hedge funds have recently modified their holdings of the business. CIBC Private Wealth Group LLC acquired a new position in shares of VisionWave in the 4th quarter valued at $93,000. Marshall Wace LLP acquired a new position in VisionWave in the fourth quarter valued at $117,000. State Street Corp raised its holdings in shares of VisionWave by 20.9% in the fourth quarter. State Street Corp now owns 26,576 shares of the company’s stock valued at $246,000 after buying an additional 4,600 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of VisionWave by 22.9% in the fourth quarter. Geode Capital Management LLC now owns 61,792 shares of the company’s stock valued at $573,000 after buying an additional 11,533 shares during the last quarter. Finally, Yorkville Advisors Global LP acquired a new stake in shares of VisionWave during the third quarter worth about $1,906,000. 51.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of VisionWave in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, VisionWave currently has an average rating of “Sell”.

About VisionWave

VisionWave Technologies Inc is a defense development company focused on integrating advanced artificial intelligence and autonomous solutions across air, ground and sea domains. VisionWave Technologies Inc, formerly known as Bannix Acquisition Corp., is based in WILMINGTON, Del.