Airship AI (NASDAQ:AISP) Stock Price Down 5.1% - Should You Sell?

Airship AI Holdings, Inc. (NASDAQ:AISP - Get Free Report)'s stock price was down 5.1% during mid-day trading on Monday . The stock traded as low as $4.80 and last traded at $5.07. Approximately 1,756,861 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 4,261,351 shares. The stock had previously closed at $5.34.

Analyst Ratings Changes

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 Stock Performance

The business's 50-day moving average price is $4.02 and its 200-day moving average price is $3.28.

Insider Buying and Selling at Airship AI

In other Airship AI news, CTO Yanda Ma sold 30,000 shares of the company's stock in a transaction that occurred on 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 directly owns 60,000 shares in the company, valued at $203,400. This represents a 33.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Mark E. Scott sold 22,000 shares of the firm's stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $6.25, for a total transaction of $137,500.00. The disclosure for this sale can be found here. Over 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.

Hedge Funds Weigh In On Airship AI

Several large investors have recently made changes to their positions in the business. Kieckhefer Group LLC bought a new stake in Airship AI during the 4th quarter valued at approximately $47,000. JPMorgan Chase & Co. raised its position in shares of Airship AI by 1,982.9% during the third quarter. JPMorgan Chase & Co. now owns 27,411 shares of the company's stock valued at $63,000 after buying 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 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 in the last quarter. State Street Corp boosted its position in shares of Airship AI by 54.2% during the third quarter. State Street Corp now owns 128,685 shares of the company's stock worth $296,000 after acquiring an additional 45,247 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake 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 in the last quarter. 5.89% of the stock is currently owned by hedge funds and other institutional investors.

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.