Airship AI (NASDAQ:AISP) Shares Down 3.1% – Here’s Why

Shares of Airship AI Holdings, Inc. (NASDAQ:AISP) were down 3.1% during mid-day trading on Tuesday . The company traded as low as $4.40 and last traded at $4.49. Approximately 457,773 shares traded hands during trading, a decline of 79% from the average daily volume of 2,177,577 shares. The stock had previously closed at $4.63.

Wall Street Analysts Forecast Growth

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

Airship AI Stock Up 2.2 %

The firm’s 50 day moving average price is $4.34 and its two-hundred day moving average price is $3.35.

Insiders Place Their Bets

In other news, CTO Yanda Ma sold 60,000 shares of the firm’s stock in a transaction dated 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 filing with the SEC, which is available through this hyperlink. Also, CFO Mark E. Scott sold 22,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The stock was 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 worth $721,600 in the last three months. 57.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Airship AI

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kieckhefer Group LLC bought a new stake in shares of Airship AI in the 4th quarter worth $47,000. JPMorgan Chase & Co. lifted its holdings in shares of Airship AI by 1,982.9% in the third quarter. JPMorgan Chase & Co. now owns 27,411 shares of the company’s stock valued at $63,000 after purchasing an additional 26,095 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Airship AI by 70.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 29,507 shares of the company’s stock valued at $68,000 after purchasing an additional 12,214 shares during the period. State Street Corp boosted its holdings 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 worth $296,000 after purchasing an additional 45,247 shares during the period. Finally, Geode Capital Management LLC increased 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 valued at $459,000 after buying an additional 21,616 shares during the period. Institutional investors own 5.89% of the company’s stock.

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.