Airship AI (NASDAQ:AISP) Trading 6.6% Higher – Here’s Why

Airship AI Holdings, Inc. (NASDAQ:AISP) was up 6.6% during trading on Wednesday . The company traded as high as $5.05 and last traded at $5.00. Approximately 913,077 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 2,583,194 shares. The stock had previously closed at $4.69.

Analyst Upgrades and Downgrades

Separately, Benchmark reissued 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 Price Performance

The stock’s 50-day moving average price is $3.98 and its 200 day moving average price is $3.28.

Insider Transactions at Airship AI

In other news, CFO Mark E. Scott sold 22,000 shares of the company’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Yanda Ma sold 30,000 shares of Airship AI stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $3.39, for a total value of $101,700.00. Following the sale, the chief technology officer now directly owns 60,000 shares in the company, valued at approximately $203,400. This trade represents a 33.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 142,000 shares of company stock worth $721,600. Company insiders own 57.90% of the company’s stock.

Institutional Trading of Airship AI

A number of hedge funds have recently modified their holdings of AISP. 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. State Street Corp raised its stake 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 valued at $296,000 after buying an additional 45,247 shares in the last quarter. Geode Capital Management LLC lifted its holdings 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 during the period. Kieckhefer Group LLC acquired a new stake in shares of Airship AI during the 4th quarter valued at about $47,000. Finally, JPMorgan Chase & Co. raised its position in Airship AI by 1,982.9% in the third quarter. JPMorgan Chase & Co. now owns 27,411 shares of the company’s stock worth $63,000 after purchasing an additional 26,095 shares in the last quarter. Institutional investors own 5.89% of the company’s stock.

Airship AI Company Profile

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.