Mariya Pylypiv Sells 8,697 Shares of AIRO Group (NASDAQ:AIRO) Stock

AIRO Group Holdings, Inc. (NASDAQ:AIRO) CFO Mariya Pylypiv sold 8,697 shares of AIRO Group stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $7.08, for a total transaction of $61,574.76. Following the completion of the sale, the chief financial officer owned 267,333 shares in the company, valued at approximately $1,892,717.64. This represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Mariya Pylypiv also recently made the following trade(s):

• On Wednesday, June 17th, Mariya Pylypiv sold 30,028 shares of AIRO Group stock. The stock was sold at an average price of $7.66, for a total transaction of $230,014.48.

AIRO Group Stock Up 4.5%

AIRO opened at $7.40 on Friday. The company has a market capitalization of $233.54 million, a PE ratio of -8.92 and a beta of 2.02. The firm has a 50-day simple moving average of $7.53 and a two-hundred day simple moving average of $8.17. AIRO Group Holdings, Inc. has a 52 week low of $5.71 and a 52 week high of $22.47.

AIRO Group (NASDAQ:AIRO) last issued its earnings results on Thursday, August 13th. The company reported ($0.06) earnings per share (EPS) for the quarter. The firm had revenue of $43.18 million during the quarter. AIRO Group had a negative return on equity of 3.48% and a negative net margin of 23.86%. As a group, sell-side analysts expect that AIRO Group Holdings, Inc. will post -1.04 earnings per share for the current year.

Institutional Investors Weigh In On AIRO Group

Several large investors have recently added to or reduced their stakes in AIRO. Kingsbury Capital Investment Advisors LLC lifted its stake in shares of AIRO Group by 252.3% in the 2nd quarter. Kingsbury Capital Investment Advisors LLC now owns 44,463 shares of the company’s stock valued at $329,000 after purchasing an additional 31,842 shares during the last quarter. AXQ Capital LP bought a new stake in AIRO Group in the second quarter worth $86,000. Bank of America Corp DE purchased a new position in AIRO Group during the second quarter worth $1,478,000. Quantbot Technologies LP purchased a new position in AIRO Group during the second quarter worth $227,000. Finally, Ieq Capital LLC bought a new position in AIRO Group during the second quarter valued at $147,000.

Analyst Upgrades and Downgrades

AIRO has been the topic of several recent research reports. Mizuho decreased their price objective on AIRO Group from $16.00 to $13.00 and set an “outperform” rating on the stock in a report on Tuesday, July 21st. Weiss Ratings reissued a “sell (e+)” rating on shares of AIRO Group in a report on Wednesday, August 26th. Finally, Wall Street Zen upgraded shares of AIRO Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, AIRO Group has a consensus rating of “Hold” and an average price target of $17.33.

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.