Airship AI (NASDAQ:AISP) Trading Down 0.7% – Time to Sell?

Airship AI Holdings, Inc. (NASDAQ:AISP) dropped 0.7% on Monday . The stock traded as low as $5.62 and last traded at $5.85. Approximately 2,229,962 shares changed hands during trading, a decline of 22% from the average daily volume of 2,844,458 shares. The stock had previously closed at $5.89.

Analysts Set New Price Targets

Separately, Benchmark restated 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 firm’s 50-day simple moving average is $3.49 and its two-hundred day simple moving average is $3.22.

Insider Activity at Airship AI

In other news, CFO Mark E. Scott sold 22,000 shares of the firm’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 available at the SEC website. Also, CTO Yanda Ma sold 60,000 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $6.45, for a total transaction of $387,000.00. The disclosure for this sale can be found here. Insiders sold a total of 142,000 shares of company stock valued at $721,600 over the last quarter. Corporate insiders own 57.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its position in shares of Airship AI by 12.1% in the 3rd 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 during the period. State Street Corp boosted its holdings 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 buying an additional 45,247 shares during the period. Charles Schwab Investment Management Inc. increased 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 worth $68,000 after purchasing an additional 12,214 shares in the last quarter. Finally, JPMorgan Chase & Co. grew 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 worth $63,000 after buying an additional 26,095 shares in the last quarter. 5.89% of the stock is currently owned by 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.