Airship AI (NASDAQ:AISP) Shares Up 7.2% – Still a Buy?

Airship AI Holdings, Inc. (NASDAQ:AISP)’s share price rose 7.2% during mid-day trading on Thursday . The stock traded as high as $6.22 and last traded at $5.94. Approximately 2,177,096 shares traded hands during trading, a decline of 20% from the average daily volume of 2,728,073 shares. The stock had previously closed at $5.54.

Analyst Upgrades and Downgrades

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

Airship AI Price Performance

The firm has a fifty day simple moving average of $2.92 and a two-hundred day simple moving average of $3.13.

Insider Buying and Selling

In other Airship AI news, CTO Yanda Ma sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $3.39, for a total value of $101,700.00. Following the completion of the transaction, the chief technology officer now owns 60,000 shares in the company, valued at $203,400. This represents a 33.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 57.90% of the company’s stock.

Institutional Trading of Airship AI

Several hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in shares of Airship AI by 12.1% in the 3rd quarter. Geode Capital Management LLC now owns 199,701 shares of the company’s stock worth $459,000 after buying an additional 21,616 shares in the last quarter. State Street Corp increased its stake in shares of Airship AI by 54.2% during the 3rd quarter. State Street Corp now owns 128,685 shares of the company’s stock worth $296,000 after purchasing an additional 45,247 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Airship AI by 70.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 29,507 shares of the company’s stock worth $68,000 after purchasing an additional 12,214 shares during the last quarter. 5.89% of the stock is currently owned by hedge funds and other institutional investors.

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.