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

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

Wall Street Analysts Forecast Growth

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

Airship AI Price Performance

The business’s 50-day moving average price is $3.66 and its 200 day moving average price is $3.23.

Insiders Place Their Bets

In related news, CFO Mark E. Scott sold 22,000 shares of the company’s 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Yanda Ma sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $3.18, for a total transaction of $95,400.00. Following the sale, the chief technology officer now owns 30,000 shares of the company’s stock, valued at $95,400. This trade represents a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 142,000 shares of company stock valued at $721,600 over the last 90 days. 57.90% of the stock is currently owned by insiders.

Institutional Trading of Airship AI

Hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position 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 grew its stake in shares of Airship AI by 54.2% in the third quarter. State Street Corp now owns 128,685 shares of the company’s stock valued at $296,000 after acquiring an additional 45,247 shares in the last quarter. Geode Capital Management LLC raised its stake in Airship AI by 12.1% in the 3rd 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 in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in 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 in the last quarter. 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.