Airship AI (NASDAQ:AISP) Shares Down 9.8% – Time to Sell?

Airship AI Holdings, Inc. (NASDAQ:AISP)’s stock price was down 9.8% during mid-day trading on Wednesday . The stock traded as low as $4.30 and last traded at $4.41. Approximately 1,177,250 shares traded hands during trading, a decline of 62% from the average daily volume of 3,110,583 shares. The stock had previously closed at $4.89.

Analyst Ratings Changes

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

Airship AI Price Performance

The business has a 50-day moving average of $3.71 and a 200-day moving average of $3.24.

Insider Activity at Airship AI

In other Airship AI news, CTO Yanda Ma sold 30,000 shares of the company’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 completion of the sale, the chief technology officer now directly owns 30,000 shares of the company’s stock, valued at $95,400. This represents a 50.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark E. Scott sold 22,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The shares were 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 sold a total of 142,000 shares of company stock valued at $721,600 in the last three months. 57.90% of the stock is currently owned by company insiders.

Institutional Trading of Airship AI

Several institutional investors and hedge funds have recently added to or reduced their stakes in AISP. JPMorgan Chase & Co. raised its stake in shares of Airship AI by 1,982.9% during the 3rd 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. Charles Schwab Investment Management Inc. increased its stake in 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 in the last quarter. State Street Corp increased its stake in Airship AI by 54.2% in the 3rd quarter. State Street Corp now owns 128,685 shares of the company’s stock valued at $296,000 after purchasing an additional 45,247 shares in the last quarter. 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 purchasing an additional 21,616 shares in the last quarter. 5.89% of the stock is owned by hedge funds and other 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.