Airship AI (NASDAQ:AISP) Trading Down 7% – Here’s Why

Shares of Airship AI Holdings, Inc. (NASDAQ:AISP) were down 7% during trading on Thursday . The stock traded as low as $4.24 and last traded at $4.55. Approximately 2,795,103 shares changed hands during mid-day trading, a decline of 19% from the average daily volume of 3,446,944 shares. The stock had previously closed at $4.89.

Analyst Upgrades and Downgrades

Separately, Benchmark reiterated a “buy” rating and set a $6.00 target price on shares of Airship AI in a research report on Tuesday, November 19th.

Airship AI Price Performance

The stock’s 50 day simple moving average is $3.66 and its two-hundred day simple moving average is $3.23.

Insider Buying and Selling at Airship AI

In other news, CTO Yanda Ma sold 60,000 shares of the company’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $6.45, for a total value of $387,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark E. Scott sold 22,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $6.25, for a total transaction of $137,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 142,000 shares of company stock worth $721,600. Insiders own 57.90% of the company’s stock.

Institutional Trading of Airship AI

A number of large investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in shares of Airship AI by 12.1% in the third quarter. Geode Capital Management LLC now owns 199,701 shares of the company’s stock worth $459,000 after acquiring an additional 21,616 shares in the last quarter. State Street Corp lifted its holdings in shares of Airship AI by 54.2% in the third quarter. State Street Corp now owns 128,685 shares of the company’s stock valued at $296,000 after purchasing an additional 45,247 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Airship AI by 70.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 29,507 shares of the company’s stock valued at $68,000 after purchasing an additional 12,214 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Airship AI by 1,982.9% during the third quarter. JPMorgan Chase & Co. now owns 27,411 shares of the company’s stock worth $63,000 after buying an additional 26,095 shares in the last quarter. Institutional investors own 5.89% of the company’s stock.

About Airship AI

Airship AI Holdings, Inc offers AI-driven video, sensor, and data management surveillance platform in the United States. The company provides Airship Acropolis OS, an IP and analog video surveillance; Airship Command, a suite of visualization tools that allows users to view data and evidence ingested from the edge; and Airship Outpost for high-definition recording with user defined low-bit rate video stream encoding.