Airship AI (NASDAQ:AISP) Trading Up 6.6% – What’s Next?

Shares of Airship AI Holdings, Inc. (NASDAQ:AISP) were up 6.6% during trading on Wednesday . The company traded as high as $5.05 and last traded at $5.00. Approximately 913,077 shares changed hands during trading, a decline of 65% from the average daily volume of 2,583,194 shares. The stock had previously closed at $4.69.

Wall Street Analyst Weigh In

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

Airship AI Stock Performance

The business’s 50 day simple moving average is $3.86 and its 200 day simple moving average is $3.25.

Insider Buying and Selling at Airship AI

In other news, CTO Yanda Ma sold 60,000 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $6.45, for a total value of $387,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark E. Scott sold 22,000 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $6.25, for a total transaction of $137,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 142,000 shares of company stock valued at $721,600. 57.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Airship AI

Hedge funds have recently made changes to their positions in the stock. Kieckhefer Group LLC bought a new position in Airship AI during the fourth quarter valued at approximately $47,000. JPMorgan Chase & Co. raised its position in 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 in the last quarter. Geode Capital Management LLC raised its position in Airship AI by 12.1% during the third quarter. Geode Capital Management LLC now owns 199,701 shares of the company’s stock valued at $459,000 after acquiring an additional 21,616 shares in the last quarter. State Street Corp raised its position in 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 acquiring an additional 45,247 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Airship AI by 70.6% during the third 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. 5.89% of the stock is owned by hedge funds and other institutional investors.

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.