Airship AI (NASDAQ:AISP) Shares Up 4.3% – Still a Buy?

Airship AI Holdings, Inc. (NASDAQ:AISP)’s share price rose 4.3% during trading on Thursday . The stock traded as high as $5.41 and last traded at $4.98. Approximately 1,221,546 shares changed hands during trading, a decline of 37% from the average daily volume of 1,928,832 shares. The stock had previously closed at $4.77.

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 research note on Tuesday, November 19th.

Airship AI Stock Up 17.4 %

The stock has a 50 day moving average price of $4.63 and a 200 day moving average price of $3.39.

Insiders Place Their Bets

In other news, CFO Mark E. Scott sold 22,000 shares of the stock in a transaction on Tuesday, December 31st. The stock was 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 is accessible through the SEC website. Also, CTO Yanda Ma sold 30,000 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $3.18, for a total value of $95,400.00. Following the sale, the chief technology officer now directly owns 30,000 shares of the company’s stock, valued at approximately $95,400. This represents a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 142,000 shares of company stock worth $721,600. 57.90% of the stock is owned by corporate insiders.

Institutional Trading of Airship AI

Several institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp boosted its stake in 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 purchasing an additional 45,247 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Airship AI by 1,982.9% in the third quarter. JPMorgan Chase & Co. now owns 27,411 shares of the company’s stock valued at $63,000 after purchasing an additional 26,095 shares in the last quarter. Geode Capital Management LLC boosted its position 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 buying an additional 21,616 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Airship AI during the fourth quarter valued at $90,000. Finally, Charles Schwab Investment Management Inc. grew its holdings 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 buying an additional 12,214 shares in the last quarter. Institutional investors and hedge funds 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.