Airship AI (NASDAQ:AISP) Stock Price Down 2.9% – What’s Next?

Airship AI Holdings, Inc. (NASDAQ:AISP) shares traded down 2.9% during mid-day trading on Wednesday . The stock traded as low as $5.66 and last traded at $5.64. 751,786 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 2,394,670 shares. The stock had previously closed at $5.81.

Analysts Set New Price Targets

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

Airship AI Stock Performance

The stock’s 50 day moving average is $4.18 and its 200 day moving average is $3.33.

Insiders Place Their Bets

In related news, CFO Mark E. Scott sold 22,000 shares of the company’s stock in a transaction that occurred on 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 legal filing with the SEC, which is available through the SEC website. Also, CTO Yanda Ma sold 60,000 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $6.45, for a total transaction of $387,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 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 Investors Weigh In On Airship AI

Several hedge funds have recently added to or reduced their stakes in AISP. Kieckhefer Group LLC purchased a new stake in shares of Airship AI in the 4th quarter valued at $47,000. JPMorgan Chase & Co. boosted its position in Airship AI by 1,982.9% during the third 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 period. 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 buying an additional 12,214 shares during the last quarter. State Street Corp increased its holdings in shares of Airship AI by 54.2% in 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. Finally, Geode Capital Management LLC lifted its stake in shares of 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 acquiring an additional 21,616 shares during the last quarter. 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.