Airship AI (NASDAQ:AISP) Trading 6.6% Higher – Still a Buy?

Airship AI Holdings, Inc. (NASDAQ:AISP) traded up 6.6% during mid-day trading on Wednesday . The company traded as high as $5.05 and last traded at $5.00. 913,077 shares changed hands during trading, a decline of 65% from the average session volume of 2,583,194 shares. The stock had previously closed at $4.69.

Wall Street Analyst Weigh In

Separately, Benchmark reiterated 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 Performance

The company’s 50-day moving average price is $3.98 and its two-hundred day moving average price is $3.28.

Insider Buying and Selling

In other Airship AI news, CFO Mark E. Scott sold 22,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $6.25, for a total transaction of $137,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Yanda Ma sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $3.18, for a total transaction of $95,400.00. Following the completion of the transaction, the chief technology officer now owns 30,000 shares of the company’s stock, valued at approximately $95,400. The trade was a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders 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 made changes to their positions in the company. Kieckhefer Group LLC acquired a new stake in Airship AI during the 4th quarter valued at $47,000. JPMorgan Chase & Co. grew its holdings in shares of 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 in the last quarter. Charles Schwab Investment Management Inc. raised its position in 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 period. State Street Corp lifted its stake in Airship AI by 54.2% in the 3rd quarter. State Street Corp now owns 128,685 shares of the company’s stock worth $296,000 after acquiring an additional 45,247 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Airship AI by 12.1% in the third 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 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.