Airship AI (NASDAQ:AISP) Stock Price Down 0.1% - Here's What Happened

Airship AI Holdings, Inc. (NASDAQ:AISP - Get Free Report) shares were down 0.1% during trading on Friday . The stock traded as low as $4.87 and last traded at $4.93. Approximately 559,241 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 1,908,379 shares. The stock had previously closed at $4.93.

Analysts Set New Price Targets

Separately, Benchmark reaffirmed a "buy" rating and issued a $6.00 price objective 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 $4.63 and its 200 day simple moving average is $3.39.

Insider Transactions at Airship AI

In other Airship AI news, CTO Yanda Ma sold 30,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $3.39, for a total transaction of $101,700.00. Following the transaction, the chief technology officer now owns 60,000 shares in the company, valued at $203,400. This represents a 33.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Mark E. Scott sold 22,000 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was 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. Insiders have sold 142,000 shares of company stock worth $721,600 in the last ninety days. Insiders own 57.90% of the company's stock.

Hedge Funds Weigh In On Airship AI

Several institutional investors and hedge funds have recently added to or reduced their stakes in AISP. Kieckhefer Group LLC bought a new position in shares of Airship AI during the fourth quarter valued at $47,000. Charles Schwab Investment Management Inc. increased its position in shares of 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 buying an additional 12,214 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Airship AI during the fourth quarter worth $90,000. Geode Capital Management LLC increased its position in shares of 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 buying an additional 21,616 shares during the period. Finally, JPMorgan Chase & Co. increased its position 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 buying an additional 26,095 shares during the period. Institutional investors 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.