Airship AI (NASDAQ:AISP) Shares Down 6.2% – Here’s Why

Airship AI Holdings, Inc. (NASDAQ:AISP) was down 6.2% during trading on Friday . The stock traded as low as $4.80 and last traded at $5.01. Approximately 829,570 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 2,463,793 shares. The stock had previously closed at $5.34.

Wall Street Analyst Weigh In

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

Airship AI Price Performance

The firm has a 50-day moving average price of $4.02 and a 200-day moving average price of $3.29.

Insider Buying and Selling at Airship AI

In other Airship AI news, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Yanda Ma sold 30,000 shares of Airship AI stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $3.18, for a total transaction of $95,400.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 142,000 shares of company stock valued at $721,600. 57.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Airship AI

Several hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its holdings in shares of Airship AI by 12.1% during the third 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. State Street Corp increased its stake in Airship AI by 54.2% during 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 in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Airship AI by 70.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 29,507 shares of the company’s stock worth $68,000 after buying an additional 12,214 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Airship AI by 1,982.9% in 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. Finally, Kieckhefer Group LLC bought a new position in shares of Airship AI in the fourth quarter worth approximately $47,000. 5.89% of the stock is owned by institutional investors.

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.