Airship AI (NASDAQ:AISP) Stock Price Down 0.1% - Here's What Happened

Airship AI Holdings, Inc. (NASDAQ:AISP - Get Free Report) traded down 0.1% during trading on Wednesday . The stock traded as low as $4.23 and last traded at $4.36. 325,133 shares traded hands during trading, a decline of 83% from the average session volume of 1,913,847 shares. The stock had previously closed at $4.37.

Wall Street Analysts Forecast Growth

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

Airship AI Price Performance

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

Insiders Place Their Bets

In other news, CFO Mark E. Scott sold 22,000 shares of the company's stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $6.25, for a total value of $137,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Yanda Ma sold 60,000 shares of the business's stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $6.45, for a total value of $387,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 142,000 shares of company stock worth $721,600. 57.90% of the stock is currently owned by company insiders.

Institutional Trading of Airship AI

A number of institutional investors and hedge funds have recently modified their holdings of the company. Kieckhefer Group LLC acquired a new stake in Airship AI in the 4th quarter valued at approximately $47,000. Bank of New York Mellon Corp acquired a new stake in Airship AI during the fourth quarter worth about $90,000. JPMorgan Chase & Co. raised its holdings in Airship AI by 1,982.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,411 shares of the company's stock valued at $63,000 after acquiring an additional 26,095 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Airship AI by 70.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 29,507 shares of the company's stock worth $68,000 after acquiring an additional 12,214 shares during the period. Finally, State Street Corp grew its holdings in shares of Airship AI by 54.2% during the 3rd quarter. State Street Corp now owns 128,685 shares of the company's stock worth $296,000 after purchasing an additional 45,247 shares in the last quarter. 5.89% of the stock is currently 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.