VisionWave (NASDAQ:VWAV) Major Shareholder Sells $18,720.00 in Stock

VisionWave Holdings Inc (NASDAQ:VWAV) major shareholder Internacional Argentina Magic sold 2,080 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $9.00, for a total transaction of $18,720.00. Following the completion of the transaction, the insider owned 2,006,220 shares in the company, valued at approximately $18,055,980. The trade was a 0.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, February 10th, Internacional Argentina Magic sold 12,200 shares of VisionWave stock. The stock was sold at an average price of $9.58, for a total value of $116,876.00.

VisionWave Stock Performance

VWAV stock opened at $8.27 on Friday. The company has a market cap of $136.62 million, a price-to-earnings ratio of -48.65 and a beta of 0.18. The stock has a 50-day simple moving average of $10.10. VisionWave Holdings Inc has a 1-year low of $2.06 and a 1-year high of $15.80.

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

Analyst Ratings Changes

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

Institutional Investors Weigh In On VisionWave

Hedge funds and other institutional investors have recently modified their holdings of the company. Yorkville Advisors Global LP bought a new position in shares of VisionWave in the 3rd quarter worth $1,906,000. Marshall Wace LLP bought a new stake in VisionWave during the 4th quarter valued at $117,000. Geode Capital Management LLC raised its holdings in VisionWave by 22.9% during the fourth quarter. Geode Capital Management LLC now owns 61,792 shares of the company’s stock worth $573,000 after buying an additional 11,533 shares during the last quarter. CIBC Private Wealth Group LLC bought a new position in shares of VisionWave in the fourth quarter valued at $93,000. Finally, State Street Corp grew its holdings in shares of VisionWave by 20.9% during 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. Institutional investors own 51.36% of the company’s stock.

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.