Insider Selling: AirJoule Technologies (NASDAQ:AIRJ) Insider Sells 5,320 Shares of Stock

AirJoule Technologies Corporation (NASDAQ:AIRJ) insider Chad Macdonald sold 5,320 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $4.65, for a total value of $24,738.00. Following the transaction, the insider directly owned 46,067 shares in the company, valued at approximately $214,211.55. This represents a 10.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Chad Macdonald also recently made the following trade(s):

• On Tuesday, June 9th, Chad Macdonald sold 1,987 shares of AirJoule Technologies stock. The stock was sold at an average price of $4.50, for a total value of $8,941.50.

AirJoule Technologies Stock Down 7.0%

NASDAQ:AIRJ traded down $0.31 during trading hours on Wednesday, reaching $4.13. 1,780,344 shares of the stock were exchanged, compared to its average volume of 1,924,874. The firm has a 50 day simple moving average of $3.66 and a 200-day simple moving average of $3.49. AirJoule Technologies Corporation has a 52 week low of $2.22 and a 52 week high of $6.75. The stock has a market capitalization of $282.70 million, a P/E ratio of -3.62 and a beta of 0.88.

AirJoule Technologies (NASDAQ:AIRJ) last released its earnings results on Thursday, May 14th. The company reported ($0.74) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.68). As a group, analysts expect that AirJoule Technologies Corporation will post -0.14 earnings per share for the current year.

Institutional Trading of AirJoule Technologies

Several hedge funds have recently made changes to their positions in AIRJ. Raymond James Financial Inc. bought a new stake in shares of AirJoule Technologies in the 2nd quarter worth approximately $31,000. Group One Trading LLC acquired a new stake in AirJoule Technologies in the 2nd quarter valued at approximately $42,000. Fagan Associates Inc. acquired a new stake in AirJoule Technologies in the 4th quarter valued at approximately $46,000. Abel Hall LLC acquired a new stake in AirJoule Technologies in the 4th quarter valued at approximately $46,000. Finally, Invesco Ltd. acquired a new stake in AirJoule Technologies in the 2nd quarter valued at approximately $50,000. Institutional investors own 63.65% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. B. Riley Financial assumed coverage on AirJoule Technologies in a report on Thursday, April 30th. They issued a “buy” rating and a $6.00 price target on the stock. Seaport Research Partners assumed coverage on AirJoule Technologies in a report on Friday, May 8th. They issued a “buy” rating and a $7.00 price target on the stock. Weiss Ratings raised AirJoule Technologies from a “sell (e+)” rating to a “sell (d)” rating in a report on Monday, May 18th. Finally, HC Wainwright reissued a “buy” rating and issued a $12.00 price target on shares of AirJoule Technologies in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $8.25.

AirJoule Technologies Company Profile

Montana Technologies Corporation operates as an atmospheric renewable energy and water harvesting technology company. It provides energy and dehumidification, evaporative cooling, and atmospheric water generation through its AirJoule technology. The company is headquartered in Ronan, Montana.