Airship AI (NASDAQ:AISP) Shares Down 8.9% - Here's What Happened

Airship AI Holdings, Inc. (NASDAQ:AISP - Get Free Report)'s stock price traded down 8.9% during trading on Monday . The company traded as low as $4.01 and last traded at $4.21. 613,150 shares changed hands during trading, a decline of 78% from the average session volume of 2,756,853 shares. The stock had previously closed at $4.62.

Analyst Ratings Changes

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

Airship AI Price Performance

The company has a 50 day moving average of $3.81 and a 200 day moving average of $3.24.

Insider Activity

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 value of $137,500.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CTO Yanda Ma sold 30,000 shares of Airship AI stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $3.18, for a total value of $95,400.00. Following the completion of the transaction, the chief technology officer now directly 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 142,000 shares of company stock worth $721,600. Corporate insiders own 57.90% of the company's stock.

Hedge Funds Weigh In On Airship AI

A number of large investors have recently modified their holdings of AISP. Kieckhefer Group LLC bought a new position in Airship AI in the 4th quarter worth approximately $47,000. JPMorgan Chase & Co. raised its position in shares of Airship AI by 1,982.9% during the third quarter. JPMorgan Chase & Co. now owns 27,411 shares of the company's stock worth $63,000 after acquiring an additional 26,095 shares during the last quarter. Geode Capital Management LLC lifted its stake 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 acquiring an additional 21,616 shares during the period. State Street Corp boosted its stake in shares of Airship AI by 54.2% in the 3rd 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. Finally, Charles Schwab Investment Management Inc. grew its position in shares of 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 buying an additional 12,214 shares during the period. 5.89% of the stock is currently owned by institutional investors and hedge funds.

About Airship AI

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.