Mariya Pylypiv Sells 30,028 Shares of AIRO Group (NASDAQ:AIRO) Stock

AIRO Group Holdings, Inc. (NASDAQ:AIRO) CFO Mariya Pylypiv sold 30,028 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $7.66, for a total value of $230,014.48. Following the completion of the sale, the chief financial officer directly owned 80,188 shares in the company, valued at $614,240.08. The trade was a 27.24% decrease in their ownership of the stock. 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.

AIRO Group Stock Performance

AIRO opened at $7.99 on Friday. The stock has a market capitalization of $251.29 million and a PE ratio of -17.00. The stock’s 50 day moving average price is $7.84 and its 200-day moving average price is $9.16. AIRO Group Holdings, Inc. has a 52-week low of $5.71 and a 52-week high of $29.20.

AIRO Group (NASDAQ:AIRO) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.49) EPS for the quarter. The business had revenue of $8.90 million during the quarter. AIRO Group had a negative return on equity of 2.44% and a negative net margin of 19.98%. Research analysts forecast that AIRO Group Holdings, Inc. will post -0.63 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen raised shares of AIRO Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 13th. Zacks Research raised shares of AIRO Group to a “hold” rating in a research note on Wednesday, April 15th. Weiss Ratings restated a “sell (e+)” rating on shares of AIRO Group in a report on Friday, May 29th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of AIRO Group in a research report on Wednesday, April 8th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $19.67.

Institutional Trading of AIRO Group

Hedge funds have recently modified their holdings of the business. Woodline Partners LP grew its position in shares of AIRO Group by 41.0% in the 3rd quarter. Woodline Partners LP now owns 2,753,067 shares of the company’s stock worth $52,859,000 after buying an additional 800,456 shares during the period. Alyeska Investment Group L.P. purchased a new position in AIRO Group during the 3rd quarter valued at about $15,030,000. HighTower Advisors LLC boosted its stake in AIRO Group by 936.8% during the fourth quarter. HighTower Advisors LLC now owns 666,176 shares of the company’s stock worth $5,449,000 after acquiring an additional 601,924 shares in the last quarter. Vanguard Group Inc. boosted its stake in AIRO Group by 406.0% during the third quarter. Vanguard Group Inc. now owns 505,951 shares of the company’s stock worth $9,714,000 after acquiring an additional 405,951 shares in the last quarter. Finally, MYDA Advisors LLC purchased a new stake in AIRO Group in the fourth quarter worth about $1,963,000.

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.