Insider Selling: AiRWA (NASDAQ:YYAI) Major Shareholder Sells 421,879 Shares of Stock

AiRWA Inc. (NASDAQ:YYAI) major shareholder Financial Lp Hrt sold 421,879 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $0.08, for a total value of $33,750.32. Following the completion of the sale, the insider owned 803,442 shares in the company, valued at approximately $64,275.36. This represents a 34.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Friday, August 7th, Financial Lp Hrt acquired 75,985 shares of AiRWA stock. The shares were acquired at an average cost of $0.08 per share, with a total value of $6,078.80.
• On Tuesday, August 4th, Financial Lp Hrt sold 414,525 shares of AiRWA stock. The shares were sold at an average price of $0.02, for a total value of $8,290.50.

AiRWA Price Performance

Shares of YYAI traded up $0.00 during mid-day trading on Tuesday, reaching $0.08. The company’s stock had a trading volume of 46,260,286 shares, compared to its average volume of 8,445,119. AiRWA Inc. has a 12-month low of $0.07 and a 12-month high of $10,576.80. The stock has a market cap of $85,575.00, a PE ratio of 0.00 and a beta of -1.60. The company’s 50 day moving average is $6.44 and its 200 day moving average is $25.03.

Institutional Investors Weigh In On AiRWA

Institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its stake in AiRWA by 7.2% in the second quarter. Geode Capital Management LLC now owns 90,581 shares of the company’s stock valued at $81,000 after acquiring an additional 6,116 shares in the last quarter. XTX Topco Ltd increased its position in shares of AiRWA by 12.5% during the second quarter. XTX Topco Ltd now owns 50,761 shares of the company’s stock worth $45,000 after purchasing an additional 5,630 shares in the last quarter. Finally, Jane Street Group LLC increased its position in shares of AiRWA by 47.7% during the fourth quarter. Jane Street Group LLC now owns 71,054 shares of the company’s stock worth $55,000 after purchasing an additional 22,951 shares in the last quarter. 4.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of AiRWA in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

AiRWA Company Profile

Connexa Sports Technologies Inc engages in the sports equipment and technology business in the United States. The company offers Slinger Launcher, a portable padel tennis ball launcher and pickleball launcher; and Slinger Bag Launcher, a ball launcher built into transport wheeled trolley bag. It also provides Gameface, AI technology and performance analytics for sports. Connexa Sports Technologies Inc is based in Windsor Mill, Maryland.