Airship AI (NASDAQ:AISP) Trading 4.3% Higher – Time to Buy?

Airship AI Holdings, Inc. (NASDAQ:AISP) traded up 4.3% during mid-day trading on Thursday . The stock traded as high as $5.41 and last traded at $4.98. 1,221,546 shares changed hands during mid-day trading, a decline of 37% from the average session volume of 1,928,832 shares. The stock had previously closed at $4.77.

Wall Street Analysts Forecast Growth

Separately, Benchmark reiterated 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 3.7 %

The stock has a 50 day simple moving average of $4.53 and a two-hundred day simple moving average of $3.37.

Insider Buying and Selling at Airship AI

In other Airship AI news, CTO Yanda Ma sold 30,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $3.39, for a total value of $101,700.00. Following the sale, the chief technology officer now directly owns 60,000 shares in the company, valued at $203,400. This trade represents a 33.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mark E. Scott sold 22,000 shares of Airship AI stock in a transaction dated 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 a total of 142,000 shares of company stock worth $721,600 over the last ninety days. Corporate insiders own 57.90% of the company’s stock.

Hedge Funds Weigh In On Airship AI

A number of hedge funds and other institutional investors have recently made changes to their positions in AISP. Kieckhefer Group LLC purchased a new position in shares of Airship AI during the fourth quarter worth about $47,000. 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 during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Airship AI by 70.6% during the third 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 last quarter. Bank of New York Mellon Corp purchased a new position in shares of Airship AI during the fourth quarter worth about $90,000. Finally, State Street Corp grew 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 buying an additional 45,247 shares during the last quarter. Hedge funds and other 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.