Insider Selling: AIRO Group (NASDAQ:AIRO) CFO Sells $61,574.76 in Stock

AIRO Group Holdings, Inc. (NASDAQ:AIRO) CFO Mariya Pylypiv sold 8,697 shares of the business’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $7.08, for a total value of $61,574.76. Following the completion of the transaction, the chief financial officer owned 267,333 shares of the company’s stock, valued at $1,892,717.64. This trade represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Mariya Pylypiv also recently made the following trade(s):

• On Wednesday, June 17th, Mariya Pylypiv sold 30,028 shares of AIRO Group stock. The stock was sold at an average price of $7.66, for a total value of $230,014.48.

AIRO Group Price Performance

AIRO stock opened at $7.40 on Monday. 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. The stock’s fifty day simple moving average is $7.53 and its 200-day simple moving average is $8.16.

AIRO Group (NASDAQ:AIRO) last released its earnings results on Thursday, August 13th. The company reported ($0.06) 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 during the quarter. As a group, analysts anticipate that AIRO Group Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AIRO shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of AIRO Group in a report on Wednesday, August 26th. Mizuho dropped their price target 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, Wall Street Zen raised shares of AIRO Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $17.33.

Institutional Investors Weigh In On AIRO Group

A number of institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC acquired a new stake in AIRO Group during the second quarter worth about $355,000. Creative Planning acquired a new position in shares of AIRO Group in the 2nd quarter valued at about $217,000. Norges Bank purchased a new stake in shares of AIRO Group during the 2nd quarter worth about $481,000. WINTON GROUP Ltd purchased a new stake in shares of AIRO Group during the 2nd quarter worth about $298,000. Finally, Raymond James Financial Inc. acquired a new stake in AIRO Group during the 2nd quarter worth approximately $43,000.

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.