Airship AI (NASDAQ:AISP) Stock Price Down 6.8% - Should You Sell?

Airship AI Holdings, Inc. (NASDAQ:AISP - Get Free Report)'s stock price dropped 6.8% on Monday . The company traded as low as $3.93 and last traded at $4.17. Approximately 538,153 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 2,016,553 shares. The stock had previously closed at $4.47.

Analyst Upgrades and Downgrades

Separately, Benchmark reaffirmed a "buy" rating and set a $6.00 target price on shares of Airship AI in a research report on Tuesday, November 19th.

Airship AI Stock Up 17.4 %

The business's 50 day moving average is $4.63 and its 200-day moving average is $3.39.

Insider Activity

In other Airship AI news, CTO Yanda Ma sold 30,000 shares of Airship AI stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $3.18, for a total value of $95,400.00. Following the completion of the transaction, the chief technology officer now directly owns 30,000 shares in the company, valued at $95,400. The trade was a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Mark E. Scott sold 22,000 shares of the 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. In the last 90 days, insiders have sold 142,000 shares of company stock worth $721,600. 57.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Airship AI

Hedge funds and other institutional investors have recently modified their holdings of the company. Kieckhefer Group LLC bought a new stake in Airship AI in the 4th quarter valued at about $47,000. Bank of New York Mellon Corp acquired a new stake in shares of Airship AI in the fourth quarter valued at approximately $90,000. JPMorgan Chase & Co. raised 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 valued at $63,000 after buying an additional 26,095 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position 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 period. Finally, State Street Corp increased 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 acquiring an additional 45,247 shares during the period. Institutional investors and hedge funds 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.