Airship AI (NASDAQ:AISP) Shares Down 3% – Time to Sell?

Airship AI Holdings, Inc. (NASDAQ:AISP)’s share price traded down 3% on Wednesday . The company traded as low as $5.00 and last traded at $5.54. 4,750,402 shares changed hands during trading, an increase of 74% from the average session volume of 2,731,267 shares. The stock had previously closed at $5.71.

Wall Street Analysts Forecast Growth

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

Airship AI Trading Down 3.0 %

The stock’s 50-day simple moving average is $2.85 and its 200-day simple moving average is $3.11.

Insider Buying and Selling

In related news, CTO Yanda Ma sold 30,000 shares of the company’s 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 sale, the chief technology officer now directly owns 60,000 shares of the company’s stock, valued at $203,400. This represents a 33.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 57.90% of the stock is owned by insiders.

Institutional Trading of Airship AI

A number of hedge funds have recently modified their holdings of AISP. Charles Schwab Investment Management Inc. increased its stake in shares of Airship AI by 70.6% in the 3rd 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 in the last quarter. State Street Corp increased its stake 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 valued at $296,000 after purchasing an additional 45,247 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Airship AI by 12.1% during the third 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 during the last quarter. Institutional investors 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.