Insider Buying: Montana Technologies Co. (NASDAQ:AIRJ) Major Shareholder Acquires 11,765 Shares of Stock

Montana Technologies Co. (NASDAQ:AIRJ) major shareholder John Yogi Spence purchased 11,765 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was purchased at an average cost of $8.50 per share, with a total value of $100,002.50. Following the purchase, the insider now owns 61,666 shares in the company, valued at $524,161. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Montana Technologies Stock Performance

Shares of NASDAQ AIRJ remained flat at $6.00 during trading hours on Monday. The company had a trading volume of 13,375 shares, compared to its average volume of 75,439. The company’s 50 day moving average price is $6.29 and its 200-day moving average price is $9.50. Montana Technologies Co. has a 1-year low of $4.94 and a 1-year high of $49.11.

Montana Technologies (NASDAQ:AIRJ) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $0.24 EPS for the quarter.

Institutional Investors Weigh In On Montana Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. K2 Principal Fund L.P. acquired a new stake in Montana Technologies in the 1st quarter worth approximately $948,000. U.S. Capital Wealth Advisors LLC acquired a new stake in Montana Technologies in the 2nd quarter worth approximately $160,000. Finally, Quarry LP acquired a new stake in Montana Technologies in the 2nd quarter worth approximately $81,000. 63.65% of the stock is currently owned by institutional investors and hedge funds.

Montana Technologies Company Profile

Montana Technologies Corporation operates as an atmospheric renewable energy and water harvesting technology company. It provides energy and dehumidification, evaporative cooling, and atmospheric water generation through its AirJoule technology. The company is headquartered in Ronan, Montana.