Stuart Porter Buys 31,695 Shares of AirJoule Technologies (NASDAQ:AIRJ) Stock

AirJoule Technologies Corporation (NASDAQ:AIRJ) Director Stuart Porter acquired 31,695 shares of the firm’s stock in a transaction on Monday, December 8th. The stock was purchased at an average cost of $2.77 per share, with a total value of $87,795.15. Following the completion of the transaction, the director owned 312,083 shares in the company, valued at $864,469.91. The trade was a 11.30% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

AirJoule Technologies Trading Up 3.9%

NASDAQ AIRJ traded up $0.11 on Wednesday, hitting $2.94. 575,448 shares of the stock traded hands, compared to its average volume of 347,040. The stock has a 50-day moving average of $4.46 and a 200 day moving average of $4.55. AirJoule Technologies Corporation has a twelve month low of $2.61 and a twelve month high of $11.60. The company has a market capitalization of $178.40 million, a P/E ratio of -19.60 and a beta of 0.48.

AirJoule Technologies (NASDAQ:AIRJ) last announced its quarterly earnings results on Thursday, November 13th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.03. As a group, equities research analysts expect that AirJoule Technologies Corporation will post 4.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of AirJoule Technologies in a research note on Monday. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $11.50.

Hedge Funds Weigh In On AirJoule Technologies

Hedge funds have recently bought and sold shares of the business. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of AirJoule Technologies in the 2nd quarter valued at $29,000. Nisa Investment Advisors LLC bought a new position in shares of AirJoule Technologies during the 2nd quarter worth about $29,000. Raymond James Financial Inc. acquired a new stake in shares of AirJoule Technologies during the 2nd quarter valued at about $31,000. Group One Trading LLC bought a new stake in AirJoule Technologies in the second quarter valued at about $42,000. Finally, Corton Capital Inc. acquired a new position in AirJoule Technologies in the second quarter worth about $48,000. 63.65% of the stock is owned by institutional investors and hedge funds.

AirJoule Technologies Company Profile

Montana Technologies Corporation operates as an atmospheric renewable energy and water harvesting technology company. It provides energy and dehumidification, evaporative cooling, and atmospheric water generation through its AirJoule technology. The company is headquartered in Ronan, Montana.