Airship AI (NASDAQ:AISP) Stock Price Down 3% – Should You Sell?

Shares of Airship AI Holdings, Inc. (NASDAQ:AISP) fell 3% on Wednesday . The stock traded as low as $5.00 and last traded at $5.54. 4,750,402 shares were traded during mid-day trading, an increase of 74% from the average session volume of 2,731,267 shares. The stock had previously closed at $5.71.

Wall Street Analyst Weigh In

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

Airship AI Stock Performance

The stock has a 50-day simple moving average of $2.85 and a two-hundred day simple moving average of $3.11.

Insider Activity at Airship AI

In related news, CTO Yanda Ma sold 30,000 shares of the stock in a transaction 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 owns 60,000 shares of the company’s stock, valued at approximately $203,400. This trade represents a 33.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 57.90% of the stock is currently owned by insiders.

Institutional Trading of Airship AI

Several institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its holdings 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 valued at $68,000 after acquiring an additional 12,214 shares during the period. State Street Corp boosted its stake in shares of 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 during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Airship AI by 12.1% in the third quarter. Geode Capital Management LLC now owns 199,701 shares of the company’s stock worth $459,000 after purchasing an additional 21,616 shares during the last quarter. 5.89% of the stock is currently owned by hedge funds and other institutional investors.

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.