Airship AI (NASDAQ:AISP) Shares Down 7.1% - Here's What Happened

Shares of Airship AI Holdings, Inc. (NASDAQ:AISP - Get Free Report) dropped 7.1% during trading on Tuesday . The stock traded as low as $6.31 and last traded at $6.40. Approximately 3,562,505 shares traded hands during mid-day trading, an increase of 28% from the average daily volume of 2,773,187 shares. The stock had previously closed at $6.89.

Analyst Ratings Changes

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

Airship AI Stock Down 9.1 %

The firm has a fifty day moving average price of $3.25 and a 200 day moving average price of $3.18.

Insiders Place Their Bets

In other Airship AI news, CTO Yanda Ma sold 30,000 shares of the company's stock in a transaction dated 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 directly owns 60,000 shares in the company, valued at approximately $203,400. This represents a 33.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 57.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Airship AI

Several institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its stake in 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. Geode Capital Management LLC increased its position in shares of 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. JPMorgan Chase & Co. raised its stake in shares of 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. Finally, State Street Corp raised its stake in shares of Airship AI by 54.2% during the 3rd quarter. State Street Corp now owns 128,685 shares of the company's stock worth $296,000 after buying an additional 45,247 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.