Airship AI (NASDAQ:AISP) Stock Price Up 7.2% - What's Next?

Airship AI Holdings, Inc. (NASDAQ:AISP - Get Free Report) shares shot up 7.2% during trading on Thursday . The company traded as high as $6.22 and last traded at $5.94. 2,177,096 shares were traded during mid-day trading, a decline of 20% from the average session volume of 2,728,073 shares. The stock had previously closed at $5.54.

Analysts Set New Price Targets

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

Airship AI Stock Up 4.0 %

The business's fifty day moving average is $2.92 and its 200-day moving average is $3.13.

Insider Activity

In other Airship AI news, CTO Yanda Ma sold 30,000 shares of the company's stock in a transaction dated 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 approximately $203,400. The trade was a 33.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 the stock. JPMorgan Chase & Co. raised its holdings in 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 purchasing an additional 26,095 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in 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. State Street Corp lifted its holdings in Airship AI by 54.2% in the third 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 period. Finally, Geode Capital Management LLC lifted its holdings in Airship AI by 12.1% in the third 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. 5.89% of the stock is owned by institutional investors and hedge funds.

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.