Airship AI (NASDAQ:AISP) Stock Price Down 6.2% - Time to Sell?

Airship AI Holdings, Inc. (NASDAQ:AISP - Get Free Report) traded down 6.2% during mid-day trading on Friday . The stock traded as low as $4.80 and last traded at $5.01. 829,570 shares were traded during trading, a decline of 66% from the average session volume of 2,463,793 shares. The stock had previously closed at $5.34.

Wall Street Analyst Weigh In

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

Airship AI Stock Performance

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

Insider Activity at Airship AI

In other news, CFO Mark E. Scott sold 22,000 shares of the company's stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $6.25, for a total value of $137,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Yanda Ma sold 30,000 shares of the business's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $3.18, for a total transaction of $95,400.00. Following the completion of the transaction, the chief technology officer now owns 30,000 shares in the company, valued at $95,400. This represents a 50.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 142,000 shares of company stock worth $721,600. Corporate insiders own 57.90% of the company's stock.

Institutional Trading of Airship AI

Several institutional investors have recently added to or reduced their stakes in AISP. Charles Schwab Investment Management Inc. lifted 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 worth $68,000 after buying an additional 12,214 shares during the last quarter. State Street Corp lifted its stake in 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 purchasing an additional 45,247 shares during the last quarter. Geode Capital Management LLC boosted its holdings in 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 purchasing an additional 21,616 shares during the period. Kieckhefer Group LLC bought a new stake in Airship AI during the fourth quarter valued at $47,000. Finally, JPMorgan Chase & Co. raised its holdings 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 worth $63,000 after purchasing an additional 26,095 shares during the period. 5.89% of the stock is owned by institutional investors and hedge funds.

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.