Airship AI (NASDAQ:AISP) Trading Up 14.4% - Here's What Happened

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

Analysts Set New Price Targets

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

Airship AI Price Performance

The business's 50-day simple moving average is $3.86 and its 200 day simple moving average is $3.25.

Insider Activity at Airship AI

In other news, CFO Mark E. Scott sold 22,000 shares of the company'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 Securities & Exchange Commission, which is available through the SEC website. Also, CTO Yanda Ma sold 60,000 shares of the firm's stock in a transaction on Monday, December 30th. The stock was sold at an average price of $6.45, for a total value of $387,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 142,000 shares of company stock worth $721,600. 57.90% of the stock is owned by insiders.

Institutional Trading of Airship AI

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Kieckhefer Group LLC bought a new position in shares of Airship AI during the 4th quarter valued at approximately $47,000. JPMorgan Chase & Co. boosted its position in shares of Airship AI by 1,982.9% in the third quarter. JPMorgan Chase & Co. now owns 27,411 shares of the company's stock worth $63,000 after purchasing an additional 26,095 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Airship AI by 70.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 29,507 shares of the company's stock worth $68,000 after purchasing an additional 12,214 shares in the last quarter. State Street Corp increased its stake in shares of Airship AI by 54.2% in the third quarter. State Street Corp now owns 128,685 shares of the company's stock worth $296,000 after purchasing an additional 45,247 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Airship AI by 12.1% during the 3rd 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 period. 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.