Airship AI (NASDAQ:AISP) Trading Up 14.4% – Should You Buy?

Airship AI Holdings, Inc. (NASDAQ:AISP)’s share price rose 14.4% during trading on Tuesday . The company traded as high as $4.93 and last traded at $4.77. Approximately 984,216 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 2,677,154 shares. The stock had previously closed at $4.17.

Analysts Set New Price Targets

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

Airship AI Stock Performance

The stock has a 50-day simple moving average of $3.81 and a 200 day simple moving average of $3.24.

Insiders Place Their Bets

In related news, CTO Yanda Ma sold 60,000 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $6.45, for a total value of $387,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mark E. Scott sold 22,000 shares of the business’s stock in a transaction 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. Over the last quarter, insiders sold 142,000 shares of company stock worth $721,600. Company insiders own 57.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its position in shares of 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 during the last quarter. State Street Corp increased 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 buying an additional 45,247 shares during the period. Geode Capital Management LLC lifted its stake in Airship AI by 12.1% in the third quarter. Geode Capital Management LLC now owns 199,701 shares of the company’s stock valued at $459,000 after buying an additional 21,616 shares during the last quarter. Kieckhefer Group LLC acquired a new stake in shares of Airship AI in the fourth quarter valued at approximately $47,000. Finally, JPMorgan Chase & Co. increased its stake in Airship AI by 1,982.9% in the third quarter. JPMorgan Chase & Co. now owns 27,411 shares of the company’s stock valued at $63,000 after purchasing an additional 26,095 shares during the period. Institutional investors and hedge funds own 5.89% of the company’s stock.

Airship AI Company Profile

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.