Airship AI (NASDAQ:AISP) Trading Up 4.3% - Here's What Happened

Airship AI Holdings, Inc. (NASDAQ:AISP - Get Free Report)'s stock price rose 4.3% on Thursday . The company traded as high as $5.41 and last traded at $4.98. Approximately 1,221,546 shares changed hands during mid-day trading, a decline of 37% from the average daily volume of 1,928,832 shares. The stock had previously closed at $4.77.

Wall Street Analysts Forecast Growth

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 stock has a fifty day simple moving average of $4.63 and a 200-day simple moving average of $3.39.

Insider Activity

In other Airship AI news, CFO Mark E. Scott sold 22,000 shares of the firm's stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $6.25, for a total value of $137,500.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Yanda Ma sold 60,000 shares of the company's stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $6.45, for a total value of $387,000.00. The disclosure for this sale can be found here. Insiders sold a total of 142,000 shares of company stock valued at $721,600 in the last three months. 57.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Airship AI

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in shares of Airship AI by 12.1% in the third 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 period. State Street Corp boosted its holdings in 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 buying an additional 45,247 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake 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 in the last quarter. 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 valued at $63,000 after acquiring an additional 26,095 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Airship AI in the fourth quarter valued at approximately $90,000. Hedge funds and other institutional investors own 5.89% of the company's stock.

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.