Airship AI (NASDAQ:AISP) Trading 3% Higher - Time to Buy?

Airship AI Holdings, Inc. (NASDAQ:AISP - Get Free Report)'s share price shot up 3% during mid-day trading on Friday . The company traded as high as $4.92 and last traded at $4.74. 1,784,573 shares were traded during mid-day trading, a decline of 13% from the average session volume of 2,042,381 shares. The stock had previously closed at $4.60.

Wall Street Analysts Forecast Growth

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

Airship AI Price Performance

The company has a fifty day simple moving average of $4.42 and a two-hundred day simple moving average of $3.35.

Insider Activity at Airship AI

In other news, CTO Yanda Ma sold 60,000 shares of the business'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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark E. Scott sold 22,000 shares of the company's stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $6.25, for a total value of $137,500.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 142,000 shares of company stock valued at $721,600. Insiders own 57.90% of the company's stock.

Institutional Trading of Airship AI

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its stake 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 purchasing an additional 12,214 shares during the last quarter. State Street Corp lifted its stake in shares of Airship AI by 54.2% during 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 period. Geode Capital Management LLC boosted its position in Airship AI by 12.1% during the third quarter. Geode Capital Management LLC now owns 199,701 shares of the company's stock worth $459,000 after acquiring an additional 21,616 shares during the last quarter. Kieckhefer Group LLC purchased a new stake in Airship AI in the 4th quarter worth approximately $47,000. Finally, JPMorgan Chase & Co. raised its holdings in Airship AI by 1,982.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,411 shares of the company's stock valued at $63,000 after acquiring an additional 26,095 shares during the last quarter. Hedge funds and other 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.