Airship AI (NASDAQ:AISP) Trading Down 7% – Here’s What Happened

Airship AI Holdings, Inc. (NASDAQ:AISP) shares were down 7% on Thursday . The stock traded as low as $4.24 and last traded at $4.55. Approximately 2,795,103 shares changed hands during mid-day trading, a decline of 19% from the average daily volume of 3,446,944 shares. The stock had previously closed at $4.89.

Analysts Set New Price Targets

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

Airship AI Price Performance

The company’s 50-day moving average is $3.77 and its 200-day moving average is $3.24.

Insider Activity

In related news, CFO Mark E. Scott sold 22,000 shares of the firm’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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Yanda Ma sold 30,000 shares of Airship AI stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $3.39, for a total transaction of $101,700.00. Following the transaction, 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. Insiders sold 142,000 shares of company stock valued at $721,600 in the last ninety days. Company insiders own 57.90% of the company’s stock.

Institutional Trading of Airship AI

Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its holdings 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 valued at $63,000 after buying an additional 26,095 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Airship AI by 70.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 29,507 shares of the company’s stock worth $68,000 after buying an additional 12,214 shares during the period. State Street Corp lifted its holdings in Airship AI by 54.2% in the 3rd quarter. State Street Corp now owns 128,685 shares of the company’s stock worth $296,000 after buying an additional 45,247 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Airship AI by 12.1% in the third quarter. Geode Capital Management LLC now owns 199,701 shares of the company’s stock valued at $459,000 after purchasing an additional 21,616 shares during the last quarter. 5.89% of the stock is currently owned by institutional investors and hedge funds.

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.