Airship AI (NASDAQ:AISP) Trading Up 14.4% - What's Next?

Airship AI Holdings, Inc. (NASDAQ:AISP - Get Free Report)'s share price rose 14.4% during trading on Tuesday . The stock traded as high as $4.93 and last traded at $4.77. Approximately 984,216 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 2,677,154 shares. The stock had previously closed at $4.17.

Analyst Upgrades and Downgrades

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

Airship AI Price Performance

The stock's 50-day moving average price is $3.92 and its 200 day moving average price is $3.26.

Insiders Place Their Bets

In related news, CFO Mark E. Scott sold 22,000 shares of the business's stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $6.25, for a total value of $137,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Yanda Ma sold 30,000 shares of the business's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $3.18, for a total value of $95,400.00. Following the sale, 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. Insiders have sold a total of 142,000 shares of company stock valued at $721,600 in the last three months. Company insiders own 57.90% of the company's stock.

Institutional Trading of Airship AI

Institutional investors and hedge funds have recently made changes to their positions in the business. Kieckhefer Group LLC bought a new stake in Airship AI during the 4th quarter worth approximately $47,000. JPMorgan Chase & Co. increased its holdings in 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 buying an additional 26,095 shares during the last quarter. Charles Schwab Investment Management Inc. lifted 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 during the last quarter. State Street Corp boosted 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 acquiring an additional 45,247 shares during the period. Finally, Geode Capital Management LLC increased its holdings 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 purchasing an additional 21,616 shares during the last quarter. Institutional investors own 5.89% of the company's stock.

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.

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