AIRO Group (NASDAQ:AIRO) COO John Uczekaj Sells 16,887 Shares of Stock

AIRO Group Holdings, Inc. (NASDAQ:AIRO) COO John Uczekaj sold 16,887 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $9.72, for a total value of $164,141.64. Following the completion of the sale, the chief operating officer owned 221,572 shares in the company, valued at $2,153,679.84. This represents a 7.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

John Uczekaj also recently made the following trade(s):

• On Monday, July 6th, John Uczekaj sold 154 shares of AIRO Group stock. The stock was sold at an average price of $7.76, for a total value of $1,195.04.

AIRO Group Trading Down 1.7%

AIRO opened at $9.41 on Tuesday. AIRO Group Holdings, Inc. has a 1-year low of $5.71 and a 1-year high of $25.90. The stock’s fifty day simple moving average is $7.48 and its 200 day simple moving average is $8.35. The stock has a market cap of $295.91 million, a PE ratio of -20.02 and a beta of 1.90.

AIRO Group (NASDAQ:AIRO) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.06) earnings per share (EPS) for the quarter. AIRO Group had a negative net margin of 23.86% and a negative return on equity of 3.48%. The business had revenue of $43.18 million for the quarter. Equities analysts forecast that AIRO Group Holdings, Inc. will post -1.04 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on the stock. Mizuho reduced their target price on shares of AIRO Group from $16.00 to $13.00 and set an “outperform” rating for the company in a report on Tuesday, July 21st. Wall Street Zen upgraded shares of AIRO Group from a “strong sell” rating to a “sell” rating in a research report on Saturday. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of AIRO Group in a report on Friday, May 29th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $17.33.

Hedge Funds Weigh In On AIRO Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Leonteq Securities AG bought a new stake in shares of AIRO Group during the 4th quarter valued at $25,000. Caitong International Asset Management Co. Ltd bought a new position in shares of AIRO Group in the fourth quarter worth $30,000. Raymond James Financial Inc. acquired a new position in AIRO Group in the second quarter valued at about $43,000. New York State Common Retirement Fund acquired a new position in AIRO Group in the fourth quarter valued at about $43,000. Finally, JPMorgan Chase & Co. bought a new stake in AIRO Group during the third quarter worth about $54,000.

AIRO Group Company Profile

We are a technologically differentiated aerospace, autonomy, and air mobility platform targeting 21st century aerospace and defense opportunities. We leverage decades of industry expertise and connections across the drone, aviation, and avionics markets to provide leading solutions to the aerospace and defense market. We offer connected and diversified solutions providing operational synergies across our segments and are powered by an international footprint as well as supplier and public sector relationships.