Airship AI (NASDAQ:AISP) Stock Price Down 7% - Here's What Happened

Airship AI Holdings, Inc. (NASDAQ:AISP - Get Free Report)'s stock price traded down 7% during trading on Thursday . The company traded as low as $4.24 and last traded at $4.55. 2,795,103 shares traded hands during trading, a decline of 19% from the average session volume of 3,446,944 shares. The stock had previously closed at $4.89.

Analyst Upgrades and Downgrades

Separately, Benchmark reissued a "buy" rating and issued a $6.00 price objective on shares of Airship AI in a report on Tuesday, November 19th.

Airship AI Price Performance

The business has a 50-day simple moving average of $3.66 and a 200-day simple moving average of $3.23.

Insider Transactions at Airship AI

In related news, CFO Mark E. Scott sold 22,000 shares of Airship AI stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $6.25, for a total value of $137,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Yanda Ma sold 30,000 shares of the company's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $3.39, for a total value of $101,700.00. Following the sale, the chief technology officer now owns 60,000 shares in the company, valued at approximately $203,400. This trade represents a 33.33 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 142,000 shares of company stock valued at $721,600. 57.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AISP. Charles Schwab Investment Management Inc. raised its holdings in shares of Airship AI by 70.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 29,507 shares of the company's stock valued at $68,000 after purchasing an additional 12,214 shares in the last quarter. State Street Corp increased its holdings 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 buying an additional 45,247 shares during the last quarter. Geode Capital Management LLC raised 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 buying an additional 21,616 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Airship AI by 1,982.9% during the 3rd 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 last quarter. 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.