Airship AI (NASDAQ:AISP) Trading 3.3% Higher – Still a Buy?

Airship AI Holdings, Inc. (NASDAQ:AISP)’s stock price was up 3.3% during mid-day trading on Thursday . The stock traded as high as $5.59 and last traded at $5.30. Approximately 889,822 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 2,549,814 shares. The stock had previously closed at $5.13.

Wall Street Analysts Forecast Growth

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 Performance

The company’s 50 day moving average is $3.86 and its 200 day moving average is $3.25.

Insider Buying and Selling

In other news, CFO Mark E. Scott sold 22,000 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $6.25, for a total transaction of $137,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Yanda Ma sold 60,000 shares of Airship AI stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $6.45, for a total transaction of $387,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 142,000 shares of company stock valued at $721,600 over the last three months. 57.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

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

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.