Airship AI (NASDAQ:AISP) Stock Price Down 9.8% – Here’s Why

Airship AI Holdings, Inc. (NASDAQ:AISP) traded down 9.8% during mid-day trading on Wednesday . The company traded as low as $4.30 and last traded at $4.41. 1,177,250 shares changed hands during trading, a decline of 62% from the average session volume of 3,110,583 shares. The stock had previously closed at $4.89.

Wall Street Analyst Weigh In

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

Airship AI Trading Down 10.4 %

The company’s 50-day simple moving average is $3.61 and its 200 day simple moving average is $3.22.

Insider Activity at Airship AI

In related news, CTO Yanda Ma sold 60,000 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $6.45, for a total transaction of $387,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mark E. Scott sold 22,000 shares of the firm’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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 142,000 shares of company stock valued at $721,600. Corporate insiders own 57.90% of the company’s stock.

Institutional Investors Weigh In On Airship AI

Several hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake 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 buying an additional 26,095 shares during the last quarter. Geode Capital Management LLC increased 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 worth $459,000 after buying an additional 21,616 shares in the last quarter. State Street Corp boosted its holdings in shares of Airship AI by 54.2% during the 3rd quarter. State Street Corp now owns 128,685 shares of the company’s stock valued at $296,000 after acquiring an additional 45,247 shares in the last quarter. 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 worth $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.