AIAI (NASDAQ:AIAI) Stock: Insider Eric Affeldt Buys 42,857 Shares

AIAI Holdings Corp (NASDAQ:AIAI) Director Eric Affeldt purchased 42,857 shares of the company’s stock in a transaction on Tuesday, September 22nd. The stock was bought at an average cost of $3.50 per share, for a total transaction of $149,999.50. Following the acquisition, the director directly owned 47,857 shares of the company’s stock, valued at $167,499.50. This represents a 857.14% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Eric Affeldt also recently made the following trade(s):

• On Wednesday, August 19th, Eric Affeldt acquired 5,000 shares of AIAI stock. The shares were bought at an average price of $5.96 per share, with a total value of $29,800.00.

AIAI Price Performance

AIAI opened at $3.33 on Friday. The stock’s fifty day moving average is $4.63. AIAI Holdings Corp has a fifty-two week low of $3.03 and a fifty-two week high of $19.57.

AIAI (NASDAQ:AIAI) last announced its earnings results on Friday, August 14th. The company reported ($0.59) earnings per share (EPS) for the quarter. The firm had revenue of $58.28 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings initiated coverage on AIAI in a report on Tuesday, August 11th. They set a “sell (e-)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

About AIAI

AIAI was formed for the purpose of creating an AI-powered ecosystem through acquiring and scaling companies that have high potential for increased operating results through the integration of our Artificial Intelligence, or AI into their operations. We are not simply an investment vehicle—we seek to improve the operating performance of our subsidiaries through the application of our proprietary AI. The AI that we will apply to the companies that we acquire will be licensed to us by Messier 42 LLC, or M42, a company controlled by our founder, John P.