Airship AI (NASDAQ:AISP) Stock Price Down 5.1% – Here’s Why

Shares of Airship AI Holdings, Inc. (NASDAQ:AISP) were down 5.1% on Monday . The stock traded as low as $4.80 and last traded at $5.07. Approximately 1,756,861 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 4,261,351 shares. The stock had previously closed at $5.34.

Wall Street Analyst Weigh In

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

Airship AI Stock Down 5.1 %

The company’s fifty day moving average price is $4.02 and its two-hundred day moving average price is $3.28.

Insiders Place Their Bets

In other Airship AI news, CFO Mark E. Scott sold 22,000 shares of the business’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $6.25, for a total value of $137,500.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CTO Yanda Ma sold 30,000 shares of the 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 owns 60,000 shares in the company, valued at $203,400. The trade was a 33.33 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 142,000 shares of company stock valued at $721,600. 57.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Airship AI

Institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its holdings in shares of Airship AI by 70.6% in the third 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 boosted its position 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 buying an additional 45,247 shares during the last quarter. Geode Capital Management LLC increased its stake 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 buying an additional 21,616 shares during the period. Kieckhefer Group LLC bought a new stake in shares of Airship AI during the fourth quarter worth $47,000. Finally, JPMorgan Chase & Co. raised its position 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 acquiring an additional 26,095 shares during the last quarter. 5.89% of the stock is owned by 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.