Airship AI (NASDAQ:AISP) Shares Up 2.4% - Time to Buy?

Shares of Airship AI Holdings, Inc. (NASDAQ:AISP - Get Free Report) shot up 2.4% during mid-day trading on Tuesday . The stock traded as high as $4.50 and last traded at $4.43. 304,589 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 1,960,997 shares. The stock had previously closed at $4.33.

Wall Street Analysts Forecast Growth

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 Price Performance

The business's 50 day simple moving average is $4.58 and its 200 day simple moving average is $3.38.

Insider Transactions at Airship AI

In other Airship AI news, CFO Mark E. Scott sold 22,000 shares of the stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $6.25, for a total transaction of $137,500.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Yanda Ma sold 30,000 shares of Airship AI stock in a transaction that occurred on 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 ownership of the stock. 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. 57.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Airship AI

A number of large investors have recently added to or reduced their stakes in AISP. Kieckhefer Group LLC bought a new position in Airship AI in the 4th quarter valued at about $47,000. JPMorgan Chase & Co. raised its stake in 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 acquiring an additional 26,095 shares in 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 acquiring an additional 12,214 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Airship AI during the 4th quarter valued at approximately $90,000. Finally, State Street Corp increased its position in Airship AI by 54.2% during 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. 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.