Insider Selling: Unusual Machines, Inc. (NYSEAMERICAN:UMAC) CFO Sells 83,775 Shares of Stock

Unusual Machines, Inc. (NYSEAMERICAN:UMAC) CFO Brian Joseph Hoff sold 83,775 shares of the business’s stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $5.70, for a total transaction of $477,517.50. Following the transaction, the chief financial officer now directly owns 359,225 shares in the company, valued at $2,047,582.50. This trade represents a 18.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Unusual Machines Price Performance

Shares of Unusual Machines stock opened at $5.31 on Friday. Unusual Machines, Inc. has a 52-week low of $0.98 and a 52-week high of $23.62. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.95 and a current ratio of 2.24. The firm has a fifty day simple moving average of $9.39.

Analyst Ratings Changes

Several research firms have recently issued reports on UMAC. Maxim Group started coverage on shares of Unusual Machines in a report on Wednesday, December 18th. They set a “buy” rating and a $18.00 price objective on the stock. Litchfield Hills Research began coverage on Unusual Machines in a research note on Wednesday, February 19th. They set a “buy” rating and a $20.00 price target on the stock.

Institutional Trading of Unusual Machines

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UMAC. Kieckhefer Group LLC bought a new stake in Unusual Machines in the fourth quarter valued at $242,000. SBI Securities Co. Ltd. acquired a new stake in shares of Unusual Machines in the 4th quarter valued at $141,000. Signaturefd LLC bought a new stake in shares of Unusual Machines in the 4th quarter worth about $25,000. Geode Capital Management LLC increased its position in shares of Unusual Machines by 329.3% during the 4th quarter. Geode Capital Management LLC now owns 43,214 shares of the company’s stock worth $727,000 after purchasing an additional 33,148 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new position in Unusual Machines during the 4th quarter valued at about $84,000.

Unusual Machines Company Profile

Unusual Machines, Inc designs, manufactures, and sells ultra-low latency video goggles for drone pilots. It operates a drone-focused e-commerce marketplace. The company serves drone pilots, hobbyists, and recreational services. The company was formerly known as AerocarveUS Corporation and changed its name to Unusual Machines, Inc in July 2022.