Airship AI (NASDAQ:AISP) Trading Down 5.8% - Time to Sell?

Shares of Airship AI Holdings, Inc. (NASDAQ:AISP - Get Free Report) were down 5.8% during mid-day trading on Thursday . The company traded as low as $5.19 and last traded at $5.25. Approximately 549,047 shares were traded during trading, a decline of 77% from the average daily volume of 2,344,550 shares. The stock had previously closed at $5.58.

Analysts Set New Price Targets

Separately, Benchmark reiterated a "buy" rating and set a $6.00 target price on shares of Airship AI in a research report on Tuesday, November 19th.

Airship AI Stock Performance

The stock's 50 day moving average is $4.15 and its two-hundred day moving average is $3.32.

Insider Buying and Selling at Airship AI

In other news, CTO Yanda Ma sold 30,000 shares of the stock in a transaction 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 $95,400. This represents a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mark E. Scott sold 22,000 shares of the 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 142,000 shares of company stock valued at $721,600. Corporate insiders own 57.90% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AISP. Charles Schwab Investment Management Inc. lifted its stake in Airship AI by 70.6% in 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 last quarter. State Street Corp lifted its stake in Airship AI by 54.2% in the third quarter. State Street Corp now owns 128,685 shares of the company's stock valued at $296,000 after acquiring an additional 45,247 shares during the last quarter. Geode Capital Management LLC lifted its stake in 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 acquiring an additional 21,616 shares during the last quarter. Kieckhefer Group LLC acquired a new stake in Airship AI in the fourth quarter valued at $47,000. Finally, JPMorgan Chase & Co. lifted 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. 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.

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