Airship AI (NASDAQ:AISP) Stock Price Up 4.2% – Still a Buy?

Airship AI Holdings, Inc. (NASDAQ:AISP)’s share price traded up 4.2% during mid-day trading on Tuesday . The stock traded as high as $5.34 and last traded at $5.29. 613,338 shares were traded during trading, a decline of 74% from the average session volume of 2,397,766 shares. The stock had previously closed at $5.07.

Analyst Upgrades and Downgrades

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

Airship AI Stock Down 7.5 %

The stock’s 50 day moving average price is $4.15 and its 200 day moving average price is $3.32.

Insider Buying and Selling at Airship AI

In other news, 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 transaction of $101,700.00. Following the sale, the chief technology officer now directly owns 60,000 shares of the company’s stock, valued at approximately $203,400. The trade was a 33.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark E. Scott sold 22,000 shares of the stock in a transaction dated 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 valued at $721,600 over the last three months. 57.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its position in shares of Airship AI by 70.6% during the 3rd 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 in the last quarter. State Street Corp increased its position in 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 buying an additional 45,247 shares during the period. Geode Capital Management LLC lifted its stake 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 buying an additional 21,616 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Airship AI by 1,982.9% during the third 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 during the period. Finally, Kieckhefer Group LLC bought a new position in shares of Airship AI during the fourth quarter worth about $47,000. 5.89% of the stock is owned by institutional investors and hedge funds.

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.