Airship AI (NASDAQ:AISP) Trading Down 5.8% – Time to Sell?

Airship AI Holdings, Inc. (NASDAQ:AISP) shares fell 5.8% on Thursday . The stock traded as low as $5.19 and last traded at $5.25. 549,047 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 2,344,550 shares. The stock had previously closed at $5.58.

Analysts Set New Price Targets

Separately, Benchmark reaffirmed 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 Stock Down 6.7 %

The firm’s fifty day simple moving average is $4.15 and its 200 day simple moving average is $3.32.

Insider Activity

In other news, CTO Yanda Ma sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were 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 in the company, valued at approximately $203,400. This trade represents a 33.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transaction of $137,500.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 142,000 shares of company stock worth $721,600. 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 the business. Kieckhefer Group LLC acquired a new position in shares of Airship AI in the 4th quarter worth approximately $47,000. JPMorgan Chase & Co. increased its stake in shares of 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 acquiring an additional 26,095 shares in the last quarter. 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 valued at $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% in 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, Geode Capital Management LLC increased 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 in the last quarter. 5.89% of the stock is currently owned by institutional investors and hedge funds.

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.