Safe Pro Group (NASDAQ:SPAI) CEO Daniyel Erdberg Sells 1,000,000 Shares of Stock

Safe Pro Group Inc. (NASDAQ:SPAI) CEO Daniyel Erdberg sold 1,000,000 shares of the business’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $4.00, for a total value of $4,000,000.00. Following the completion of the sale, the chief executive officer owned 3,749,058 shares in the company, valued at approximately $14,996,232. The trade was a 21.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Safe Pro Group Stock Performance

Shares of SPAI stock traded down $0.09 on Friday, hitting $4.49. 39,949 shares of the stock were exchanged, compared to its average volume of 539,966. The firm’s 50 day moving average is $4.47 and its two-hundred day moving average is $4.52. Safe Pro Group Inc. has a one year low of $3.23 and a one year high of $9.05. The firm has a market capitalization of $91.42 million, a PE ratio of -6.15 and a beta of 3.66. The company has a current ratio of 8.76, a quick ratio of 8.22 and a debt-to-equity ratio of 0.01.

Safe Pro Group (NASDAQ:SPAI) last released its quarterly earnings data on Friday, August 14th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.01). The business had revenue of $1.33 million for the quarter, compared to analysts’ expectations of $1.22 million. Safe Pro Group had a negative net margin of 500.00% and a negative return on equity of 107.61%. Sell-side analysts expect that Safe Pro Group Inc. will post -0.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SPAI has been the subject of several analyst reports. Weiss Ratings raised shares of Safe Pro Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, August 17th. Zacks Research upgraded Safe Pro Group from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Finally, Wall Street Zen cut Safe Pro Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $9.00.

Institutional Investors Weigh In On Safe Pro Group

Several large investors have recently added to or reduced their stakes in SPAI. Perkins Capital Management Inc. bought a new position in Safe Pro Group in the 1st quarter worth about $881,000. DGS Capital Management LLC bought a new stake in shares of Safe Pro Group during the 4th quarter valued at about $79,000. Atlantic Union Bankshares Corp bought a new position in shares of Safe Pro Group in the fourth quarter worth approximately $42,000. Tudor Investment Corp ET AL grew its stake in Safe Pro Group by 9.1% in the 4th quarter. Tudor Investment Corp ET AL now owns 277,285 shares of the company’s stock worth $1,154,000 after buying an additional 23,018 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD bought a new position in Safe Pro Group in the fourth quarter valued at $65,000.

About Safe Pro Group

Safe Pro Group, Inc engages in the provision and acquisition of security and protection products. Its products include Artificial Intelligence (AI) and Machine Learning (ML) software technology and photogrammetry analysis tools, bullet and blast resistant personal protection equipment, and aerial managed services and mission-critical uncrewed solutions. The firm operates through the following segments: Safe-PRO USA, Airborne Response, and Safe Pro AI. The company was founded by Daniyel Erdberg on December 15, 2021 and is headquartered in Aventura, FL.