Airship AI (NASDAQ:AISP) Trading Down 1.9% - What's Next?

Airship AI Holdings, Inc. (NASDAQ:AISP - Get Free Report) shares dropped 1.9% on Wednesday . The stock traded as low as $4.42 and last traded at $4.48. Approximately 192,996 shares traded hands during trading, a decline of 91% from the average daily volume of 2,099,915 shares. The stock had previously closed at $4.56.

Wall Street Analysts Forecast Growth

Separately, Benchmark reissued 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 Stock Down 3.1 %

The firm's 50-day moving average is $4.42 and its 200 day moving average is $3.35.

Insider Buying and Selling at Airship AI

In other Airship AI news, CFO Mark E. Scott sold 22,000 shares of the business's stock in a transaction on Tuesday, December 31st. The stock was 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 Securities & Exchange Commission, which is available at the SEC website. Also, CTO Yanda Ma sold 30,000 shares of Airship AI stock in a transaction that occurred 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 directly 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. Insiders have sold a total of 142,000 shares of company stock worth $721,600 in the last quarter. 57.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Airship AI

Several institutional investors have recently bought and sold shares of AISP. Geode Capital Management LLC increased its stake in Airship AI by 12.1% during the third quarter. Geode Capital Management LLC now owns 199,701 shares of the company's stock valued at $459,000 after acquiring an additional 21,616 shares during the period. State Street Corp grew its stake in shares of Airship AI by 54.2% during the third quarter. State Street Corp now owns 128,685 shares of the company's stock valued at $296,000 after purchasing an additional 45,247 shares during the last quarter. Charles Schwab Investment Management Inc. raised 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 purchasing an additional 12,214 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Airship AI by 1,982.9% in 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, Kieckhefer Group LLC bought a new position in shares of Airship AI in the 4th quarter worth $47,000. 5.89% of the stock is currently owned by institutional investors.

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.