Airship AI (NASDAQ:AISP) Trading Down 4.7% – What’s Next?

Airship AI Holdings, Inc. (NASDAQ:AISP)’s stock price traded down 4.7% on Monday . The stock traded as low as $4.47 and last traded at $4.70. 649,801 shares traded hands during trading, a decline of 71% from the average session volume of 2,249,814 shares. The stock had previously closed at $4.93.

Analysts Set New Price Targets

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

Airship AI Trading Down 1.3 %

The stock’s 50-day moving average price is $4.30 and its 200 day moving average price is $3.34.

Insiders Place Their Bets

In related news, CFO Mark E. Scott sold 22,000 shares of Airship AI stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $6.25, for a total transaction of $137,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Yanda Ma sold 30,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $3.39, for a total transaction of $101,700.00. Following the sale, the chief technology officer now directly owns 60,000 shares in the company, valued at $203,400. This represents a 33.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 142,000 shares of company stock worth $721,600 over the last 90 days. Corporate insiders own 57.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Kieckhefer Group LLC acquired a new position in Airship AI in the fourth quarter worth $47,000. JPMorgan Chase & Co. increased its position in Airship AI by 1,982.9% in 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 raised its stake 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 during the last quarter. State Street Corp lifted its position in shares of 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 purchasing an additional 45,247 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Airship AI by 70.6% during 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 during the last quarter. 5.89% of the stock is owned by institutional investors and hedge funds.

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.