Airship AI (NASDAQ:AISP) Trading Down 7% – Should You Sell?

Airship AI Holdings, Inc. (NASDAQ:AISP)’s stock price traded down 7% on Thursday . The company traded as low as $4.24 and last traded at $4.55. 2,795,103 shares changed hands during mid-day trading, a decline of 19% from the average session volume of 3,446,944 shares. The stock had previously closed at $4.89.

Wall Street Analysts Forecast Growth

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

Airship AI Stock Up 1.5 %

The stock has a 50 day moving average of $3.77 and a two-hundred day moving average of $3.24.

Insiders Place Their Bets

In other news, CTO Yanda Ma sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $3.18, for a total transaction of $95,400.00. Following the sale, the chief technology officer now owns 30,000 shares of the company’s stock, valued at $95,400. The trade was a 50.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark E. Scott sold 22,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The stock was 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 worth $721,600. Corporate insiders own 57.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. increased its position in Airship AI by 1,982.9% during the third quarter. JPMorgan Chase & Co. now owns 27,411 shares of the company’s stock worth $63,000 after buying an additional 26,095 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Airship AI by 70.6% during the 3rd 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 in the last quarter. State Street Corp raised 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 valued at $296,000 after purchasing an additional 45,247 shares during the last quarter. Finally, Geode Capital Management LLC lifted 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 valued at $459,000 after purchasing an additional 21,616 shares in the last quarter. 5.89% of the stock is owned by hedge funds and other institutional investors.

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.