Airship AI (NASDAQ:AISP) Trading Down 1.9% – Should You Sell?

Airship AI Holdings, Inc. (NASDAQ:AISP)’s stock price was down 1.9% during mid-day trading on Wednesday . The stock traded as low as $4.42 and last traded at $4.48. Approximately 192,996 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 2,099,915 shares. The stock had previously closed at $4.56.

Analysts Set New Price Targets

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

Airship AI Stock Performance

The company’s 50-day moving average price is $4.30 and its 200 day moving average price is $3.34.

Insider Activity

In related news, CTO Yanda Ma sold 30,000 shares of Airship AI stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $3.18, for a total value of $95,400.00. Following the completion of the transaction, the chief technology officer now owns 30,000 shares in the company, valued at approximately $95,400. This trade represents a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Mark E. Scott sold 22,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The shares were 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 142,000 shares of company stock worth $721,600 over the last ninety days. Corporate insiders own 57.90% of the company’s stock.

Institutional Investors Weigh In On Airship AI

Several hedge funds and other institutional investors have recently made changes to their positions in AISP. Kieckhefer Group LLC bought a new position in shares of Airship AI in the fourth quarter worth about $47,000. JPMorgan Chase & Co. lifted its position in shares of Airship AI by 1,982.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,411 shares of the company’s stock worth $63,000 after purchasing an additional 26,095 shares during the period. Geode Capital Management LLC lifted its holdings in 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 period. State Street Corp boosted its position in Airship AI by 54.2% during 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. Finally, Charles Schwab Investment Management Inc. lifted its position in Airship AI by 70.6% during the third 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 last quarter. Hedge funds and other 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.