Airship AI (NASDAQ:AISP) Trading Down 8.9% – Here’s Why

Airship AI Holdings, Inc. (NASDAQ:AISP) traded down 8.9% on Monday . The stock traded as low as $4.01 and last traded at $4.21. 613,150 shares changed hands during trading, a decline of 78% from the average session volume of 2,756,853 shares. The stock had previously closed at $4.62.

Analyst Upgrades and Downgrades

Separately, Benchmark reiterated a “buy” rating and issued a $6.00 price objective on shares of Airship AI in a research note on Tuesday, November 19th.

Airship AI Stock Down 12.8 %

The business’s 50-day moving average is $3.77 and its two-hundred day moving average is $3.24.

Insider Buying and Selling

In other news, CFO Mark E. Scott sold 22,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $6.25, for a total value of $137,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Yanda Ma sold 60,000 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $6.45, for a total value of $387,000.00. The disclosure for this sale can be found here. Insiders have sold 142,000 shares of company stock worth $721,600 in the last quarter. 57.90% of the stock is owned by insiders.

Institutional Trading of Airship AI

Institutional investors have recently modified their holdings of the business. Kieckhefer Group LLC acquired a new position in shares of Airship AI during the 4th quarter worth $47,000. JPMorgan Chase & Co. increased its holdings in Airship AI by 1,982.9% in the third quarter. JPMorgan Chase & Co. now owns 27,411 shares of the company’s stock valued at $63,000 after buying an additional 26,095 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Airship AI by 70.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 29,507 shares of the company’s stock valued at $68,000 after acquiring an additional 12,214 shares during the period. State Street Corp grew its holdings in shares of Airship AI by 54.2% in the 3rd quarter. State Street Corp now owns 128,685 shares of the company’s stock worth $296,000 after acquiring an additional 45,247 shares during the period. Finally, Geode Capital Management LLC increased its stake in Airship AI by 12.1% in the 3rd quarter. Geode Capital Management LLC now owns 199,701 shares of the company’s stock valued at $459,000 after purchasing an additional 21,616 shares in the last quarter. 5.89% of the stock is currently owned by hedge funds and other institutional investors.

About Airship AI

Airship AI Holdings, Inc offers AI-driven video, sensor, and data management surveillance platform in the United States. The company provides Airship Acropolis OS, an IP and analog video surveillance; Airship Command, a suite of visualization tools that allows users to view data and evidence ingested from the edge; and Airship Outpost for high-definition recording with user defined low-bit rate video stream encoding.