Airship AI (NASDAQ:AISP) Trading Down 2.9% - Should You Sell?

Airship AI Holdings, Inc. (NASDAQ:AISP - Get Free Report) traded down 2.9% during mid-day trading on Wednesday . The stock traded as low as $5.66 and last traded at $5.64. 751,786 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 2,394,670 shares. The stock had previously closed at $5.81.

Wall Street Analyst Weigh In

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

Airship AI Trading Down 4.5 %

The stock's 50-day simple moving average is $4.18 and its 200-day simple moving average is $3.33.

Insider Activity at Airship AI

In other news, CFO Mark E. Scott sold 22,000 shares of the company's stock in a transaction dated 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 is available through this link. Also, CTO Yanda Ma sold 30,000 shares of Airship AI stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $3.18, for a total transaction of $95,400.00. Following the transaction, the chief technology officer now directly owns 30,000 shares of the company's stock, valued at approximately $95,400. This trade represents a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 142,000 shares of company stock worth $721,600 over the last 90 days. 57.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Airship AI

Hedge funds and other institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its stake 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 worth $68,000 after acquiring an additional 12,214 shares during the last quarter. State Street Corp raised its position in shares of Airship AI by 54.2% in 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 during the last quarter. Geode Capital Management LLC boosted its stake in Airship AI by 12.1% in the 3rd quarter. Geode Capital Management LLC now owns 199,701 shares of the company's stock worth $459,000 after purchasing an additional 21,616 shares in the last quarter. JPMorgan Chase & Co. grew its position in Airship AI by 1,982.9% during the 3rd 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. Finally, Kieckhefer Group LLC bought a new stake in Airship AI during the 4th quarter valued at about $47,000. 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.

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