Airship AI (NASDAQ:AISP) Trading Down 7.1% – Time to Sell?

Airship AI Holdings, Inc. (NASDAQ:AISP) was down 7.1% during mid-day trading on Tuesday . The stock traded as low as $6.31 and last traded at $6.40. Approximately 3,562,505 shares were traded during mid-day trading, an increase of 28% from the average daily volume of 2,773,187 shares. The stock had previously closed at $6.89.

Wall Street Analysts Forecast Growth

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

Airship AI Stock Performance

The firm’s 50 day simple moving average is $3.16 and its 200 day simple moving average is $3.16.

Insider Activity at Airship AI

In related news, CTO Yanda Ma sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $3.39, for a total transaction 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 trade represents a 33.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 57.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Airship AI

Hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its stake in shares of Airship AI by 1,982.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,411 shares of the company’s stock worth $63,000 after acquiring an additional 26,095 shares in the last quarter. Geode Capital Management LLC raised its holdings in Airship AI by 12.1% in the 3rd quarter. Geode Capital Management LLC now owns 199,701 shares of the company’s stock worth $459,000 after purchasing an additional 21,616 shares during the period. State Street Corp boosted its position in Airship AI by 54.2% during the third quarter. State Street Corp now owns 128,685 shares of the company’s stock worth $296,000 after purchasing an additional 45,247 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Airship AI by 70.6% in 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. Hedge funds and other 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.