Airship AI (NASDAQ:AISP) Trading Down 9.8% - What's Next?

Airship AI Holdings, Inc. (NASDAQ:AISP - Get Free Report)'s share price fell 9.8% during mid-day trading on Wednesday . The company traded as low as $4.30 and last traded at $4.41. 1,177,250 shares were traded during mid-day trading, a decline of 62% from the average session volume of 3,110,583 shares. The stock had previously closed at $4.89.

Analysts Set New Price Targets

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

Airship AI Trading Down 7.0 %

The company has a 50 day simple moving average of $3.61 and a 200 day simple moving average of $3.22.

Insider Buying and Selling

In related news, CFO Mark E. Scott sold 22,000 shares of the business's 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Yanda Ma sold 30,000 shares of the 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 completion of the sale, the chief technology officer now owns 30,000 shares of the company's stock, valued at approximately $95,400. The trade was a 50.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 142,000 shares of company stock worth $721,600. 57.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Airship AI

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its holdings in shares of Airship AI by 1,982.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,411 shares of the company's stock worth $63,000 after acquiring an additional 26,095 shares during the period. 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 worth $459,000 after purchasing an additional 21,616 shares during the last quarter. State Street Corp raised 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 period. Finally, Charles Schwab Investment Management Inc. raised its stake in Airship AI by 70.6% during 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 period. Institutional investors and hedge funds 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.