Airship AI (NASDAQ:AISP) Shares Down 0.7% - Here's Why

Airship AI Holdings, Inc. (NASDAQ:AISP - Get Free Report) shares traded down 0.7% during trading on Monday . The stock traded as low as $5.62 and last traded at $5.85. 2,229,962 shares changed hands during trading, a decline of 22% from the average session volume of 2,844,458 shares. The stock had previously closed at $5.89.

Analyst Ratings Changes

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 Trading Down 9.5 %

The company's fifty day simple moving average is $3.56 and its 200-day simple moving average is $3.22.

Insider Transactions at Airship AI

In other 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 Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Yanda Ma sold 30,000 shares of Airship AI stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $3.39, for a total value of $101,700.00. Following the completion of the transaction, the chief technology officer now owns 60,000 shares in the company, valued at $203,400. This trade represents a 33.33 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 142,000 shares of company stock valued at $721,600. Company insiders own 57.90% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its holdings in Airship AI by 1,982.9% in the third quarter. JPMorgan Chase & Co. now owns 27,411 shares of the company's stock valued at $63,000 after purchasing an additional 26,095 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings 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 valued at $68,000 after buying an additional 12,214 shares during the period. State Street Corp boosted its stake in shares of Airship AI by 54.2% in the third quarter. State Street Corp now owns 128,685 shares of the company's stock worth $296,000 after buying an additional 45,247 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Airship AI by 12.1% in the third quarter. Geode Capital Management LLC now owns 199,701 shares of the company's stock worth $459,000 after buying an additional 21,616 shares during the last quarter. Hedge funds and other institutional investors 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.