Unusual Machines, Inc. (NYSEAMERICAN:UMAC) CFO Brian Joseph Hoff Sells 83,775 Shares

Unusual Machines, Inc. (NYSEAMERICAN:UMAC) CFO Brian Joseph Hoff sold 83,775 shares of the business’s stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $5.70, for a total transaction of $477,517.50. Following the completion of the sale, the chief financial officer now owns 359,225 shares in the company, valued at $2,047,582.50. This represents a 18.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Unusual Machines Stock Down 9.7 %

UMAC opened at $5.31 on Friday. Unusual Machines, Inc. has a one year low of $0.98 and a one year high of $23.62. The company has a current ratio of 2.24, a quick ratio of 0.95 and a debt-to-equity ratio of 0.16. The company’s 50 day simple moving average is $9.39.

Institutional Trading of Unusual Machines

Hedge funds and other institutional investors have recently bought and sold shares of the business. Signaturefd LLC purchased a new position in shares of Unusual Machines during the fourth quarter worth approximately $25,000. NewEdge Advisors LLC bought a new position in Unusual Machines in the fourth quarter worth approximately $84,000. SBI Securities Co. Ltd. purchased a new position in Unusual Machines during the 4th quarter worth $141,000. OMERS ADMINISTRATION Corp bought a new stake in Unusual Machines during the 4th quarter valued at $209,000. Finally, Kieckhefer Group LLC bought a new position in shares of Unusual Machines during the 4th quarter worth $242,000.

Analysts Set New Price Targets

Several brokerages have recently issued reports on UMAC. Maxim Group initiated coverage on shares of Unusual Machines in a research report on Wednesday, December 18th. They set a “buy” rating and a $18.00 target price on the stock. Litchfield Hills Research assumed coverage on Unusual Machines in a research note on Wednesday, February 19th. They issued a “buy” rating and a $20.00 price objective for the company.

Unusual Machines Company Profile

Unusual Machines, Inc designs, manufactures, and sells ultra-low latency video goggles for drone pilots. It operates a drone-focused e-commerce marketplace. The company serves drone pilots, hobbyists, and recreational services. The company was formerly known as AerocarveUS Corporation and changed its name to Unusual Machines, Inc in July 2022.