Airship AI (NASDAQ:AISP) Trading Down 6.2% – Here’s What Happened

Airship AI Holdings, Inc. (NASDAQ:AISP) fell 6.2% during mid-day trading on Friday . The stock traded as low as $4.80 and last traded at $5.01. 829,570 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 2,463,793 shares. The stock had previously closed at $5.34.

Analyst Ratings Changes

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 Down 5.9 %

The stock’s 50 day moving average price is $3.92 and its 200-day moving average price is $3.26.

Insider Activity at Airship AI

In other news, CFO Mark E. Scott sold 22,000 shares of the company’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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, CTO Yanda Ma sold 30,000 shares of Airship AI stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $3.39, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 142,000 shares of company stock worth $721,600 in the last three months. 57.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Airship AI

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Kieckhefer Group LLC bought a new stake in Airship AI in the fourth quarter worth $47,000. JPMorgan Chase & Co. raised its stake in 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 buying an additional 26,095 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Airship AI by 12.1% during the 3rd quarter. Geode Capital Management LLC now owns 199,701 shares of the company’s stock valued at $459,000 after buying an additional 21,616 shares during the period. State Street Corp boosted its stake in shares of Airship AI by 54.2% in the 3rd 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 last quarter. Finally, Charles Schwab Investment Management Inc. grew 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 worth $68,000 after acquiring an additional 12,214 shares during the period. 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.