Airship AI (NASDAQ:AISP) Trading Down 3% - What's Next?

Shares of Airship AI Holdings, Inc. (NASDAQ:AISP - Get Free Report) dropped 3% during mid-day trading on Wednesday . The stock traded as low as $5.00 and last traded at $5.54. Approximately 4,750,402 shares changed hands during mid-day trading, an increase of 74% from the average daily volume of 2,731,267 shares. The stock had previously closed at $5.71.

Analyst Upgrades and Downgrades

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

Airship AI Stock Performance

The stock's 50 day moving average is $2.85 and its 200-day moving average is $3.11.

Insider Transactions at Airship AI

In other news, CTO Yanda Ma sold 30,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $3.39, for a total value of $101,700.00. Following the completion of the sale, the chief technology officer now directly owns 60,000 shares of the company's stock, valued at $203,400. This trade represents a 33.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 57.90% of the company's stock.

Institutional Trading of Airship AI

Several hedge funds and other institutional investors have recently bought and sold shares of AISP. Geode Capital Management LLC increased its position in Airship AI by 12.1% during the third quarter. Geode Capital Management LLC now owns 199,701 shares of the company's stock valued at $459,000 after acquiring an additional 21,616 shares during the last quarter. State Street Corp grew its holdings in Airship AI by 54.2% during the 3rd quarter. State Street Corp now owns 128,685 shares of the company's stock valued at $296,000 after purchasing an additional 45,247 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Airship AI by 70.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 29,507 shares of the company's stock valued at $68,000 after purchasing an additional 12,214 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.