Airship AI (NASDAQ:AISP) Trading Down 8.9% – Here’s What Happened

Airship AI Holdings, Inc. (NASDAQ:AISP)’s stock price was down 8.9% on Monday . The stock traded as low as $4.01 and last traded at $4.21. Approximately 613,150 shares changed hands during trading, a decline of 78% from the average daily volume of 2,756,853 shares. The stock had previously closed at $4.62.

Wall Street Analysts Forecast Growth

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

Airship AI Stock Performance

The business has a 50 day moving average of $3.77 and a 200 day moving average of $3.24.

Insider Activity at Airship AI

In related news, CTO Yanda Ma sold 30,000 shares of the stock in a transaction 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 transaction, the chief technology officer now directly owns 60,000 shares of the company’s stock, valued at approximately $203,400. This trade represents a 33.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Mark E. Scott sold 22,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $6.25, for a total value of $137,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 142,000 shares of company stock valued at $721,600. Company insiders own 57.90% of the company’s stock.

Institutional Trading of Airship AI

Institutional investors have recently modified their holdings of the company. State Street Corp grew its stake in Airship AI by 54.2% during the third quarter. State Street Corp now owns 128,685 shares of the company’s stock worth $296,000 after buying an additional 45,247 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Airship AI by 1,982.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,411 shares of the company’s stock valued at $63,000 after acquiring an additional 26,095 shares in the last quarter. Geode Capital Management LLC increased its holdings in Airship AI by 12.1% in the 3rd quarter. Geode Capital Management LLC now owns 199,701 shares of the company’s stock valued at $459,000 after purchasing an additional 21,616 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Airship AI by 70.6% in the 3rd 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, Kieckhefer Group LLC acquired a new position in shares of Airship AI during the fourth quarter worth about $47,000. Hedge funds and other institutional investors own 5.89% of the company’s stock.

Airship AI Company Profile

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.