Airship AI (NASDAQ:AISP) Stock Price Down 6.2% – Here’s Why

Airship AI Holdings, Inc. (NASDAQ:AISP) was down 6.2% during mid-day trading on Tuesday . The company traded as low as $4.78 and last traded at $5.00. Approximately 1,893,041 shares traded hands during trading, a decline of 41% from the average daily volume of 3,204,844 shares. The stock had previously closed at $5.33.

Wall Street Analysts Forecast Growth

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

Airship AI Stock Down 9.0 %

The firm has a fifty day moving average of $3.56 and a 200 day moving average of $3.22.

Insider Activity

In other Airship AI news, CTO Yanda Ma sold 30,000 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $3.18, for a total transaction of $95,400.00. Following the transaction, the chief technology officer now owns 30,000 shares of the company’s stock, valued at $95,400. This represents a 50.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Mark E. Scott sold 22,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $6.25, for a total value of $137,500.00. 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 quarter. Corporate insiders own 57.90% of the company’s stock.

Institutional Trading of Airship AI

Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in Airship AI by 1,982.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,411 shares of the company’s stock valued at $63,000 after acquiring an additional 26,095 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Airship AI by 12.1% during the 3rd quarter. Geode Capital Management LLC now owns 199,701 shares of the company’s stock worth $459,000 after acquiring an additional 21,616 shares in the last quarter. State Street Corp increased its stake 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 worth $296,000 after purchasing an additional 45,247 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of 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 purchasing an additional 12,214 shares in the last quarter. Institutional investors 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.