Airship AI (NASDAQ:AISP) Stock Price Down 6.2% - Here's What Happened

Shares of Airship AI Holdings, Inc. (NASDAQ:AISP - Get Free Report) dropped 6.2% during trading on Tuesday . The company traded as low as $4.78 and last traded at $5.00. Approximately 1,893,041 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 3,204,844 shares. The stock had previously closed at $5.33.

Analyst Upgrades and Downgrades

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

Airship AI Price Performance

The business's 50-day simple moving average is $3.56 and its 200-day simple moving average is $3.22.

Insiders Place Their Bets

In other news, CTO Yanda Ma sold 30,000 shares of the company's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $3.18, for a total value of $95,400.00. Following the sale, the chief technology officer now directly owns 30,000 shares of the company's stock, valued at $95,400. This represents a 50.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark E. Scott sold 22,000 shares of Airship AI stock in a transaction dated 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. 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 corporate insiders.

Institutional Investors Weigh In On Airship AI

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in shares of Airship AI by 1,982.9% in the third quarter. JPMorgan Chase & Co. now owns 27,411 shares of the company's stock worth $63,000 after buying an additional 26,095 shares in the last quarter. Geode Capital Management LLC boosted its stake in Airship AI by 12.1% during the 3rd quarter. Geode Capital Management LLC now owns 199,701 shares of the company's stock valued at $459,000 after purchasing an additional 21,616 shares during the last quarter. State Street Corp increased its holdings 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. raised 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 purchasing an additional 12,214 shares during the last quarter. 5.89% of the stock is owned by institutional investors.

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.