Airship AI (NASDAQ:AISP) Trading Down 2.6% - Time to Sell?

Airship AI Holdings, Inc. (NASDAQ:AISP - Get Free Report)'s stock price dropped 2.6% during mid-day trading on Tuesday . The stock traded as low as $5.00 and last traded at $5.56. Approximately 3,278,674 shares changed hands during trading, an increase of 20% from the average daily volume of 2,723,880 shares. The stock had previously closed at $5.71.

Analyst Ratings Changes

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 Trading Down 3.0 %

The firm's 50-day moving average is $2.79 and its two-hundred day moving average is $3.10.

Insider Activity

In other Airship AI news, CTO Yanda Ma sold 30,000 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $3.39, for a total transaction of $101,700.00. Following the completion of the sale, the chief technology officer now owns 60,000 shares of the company's stock, valued at $203,400. This represents a 33.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 57.90% of the stock is owned by insiders.

Institutional Trading of Airship AI

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AISP. Charles Schwab Investment Management Inc. increased 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 valued at $68,000 after acquiring an additional 12,214 shares during the period. 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 valued at $459,000 after purchasing an additional 21,616 shares during the period. Finally, State Street Corp lifted its position in Airship AI by 54.2% in 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. Institutional investors and hedge funds 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.