John Uczekaj Sells 7,230 Shares of AIRO Group (NASDAQ:AIRO) Stock

AIRO Group Holdings, Inc. (NASDAQ:AIRO) COO John Uczekaj sold 7,230 shares of AIRO Group stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $7.10, for a total value of $51,333.00. Following the completion of the sale, the chief operating officer directly owned 214,342 shares of the company’s stock, valued at $1,521,828.20. The trade was a 3.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 Friday, August 14th, John Uczekaj sold 16,887 shares of AIRO Group stock. The shares were sold at an average price of $9.72, for a total value of $164,141.64.
• On Monday, July 6th, John Uczekaj sold 154 shares of AIRO Group stock. The shares were sold at an average price of $7.76, for a total value of $1,195.04.

AIRO Group Stock Performance

Shares of NASDAQ:AIRO opened at $7.40 on Friday. The stock’s 50-day simple moving average is $7.53 and its two-hundred day simple moving average is $8.17. The stock has a market capitalization of $233.54 million, a price-to-earnings ratio of -8.92 and a beta of 2.02. AIRO Group Holdings, Inc. has a 52-week low of $5.71 and a 52-week high of $22.47.

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AIRO shares. Wall Street Zen upgraded shares of AIRO Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. Mizuho cut their price objective on shares of AIRO Group from $16.00 to $13.00 and set an “outperform” rating for the company in a research report on Tuesday, July 21st. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of AIRO Group in a research note on Wednesday, August 26th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $17.33.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Leonteq Securities AG bought a new position in shares of AIRO Group during the 4th quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd bought a new stake in AIRO Group during the 4th quarter worth approximately $30,000. Raymond James Financial Inc. purchased a new position in AIRO Group during the second quarter valued at approximately $43,000. New York State Common Retirement Fund purchased a new position in AIRO Group during the fourth quarter valued at approximately $43,000. Finally, JPMorgan Chase & Co. bought a new position in shares of AIRO Group in the third quarter worth approximately $54,000.

About AIRO Group

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.