Airship AI (NASDAQ:AISP) Trading Up 4.2% - Should You Buy?

Airship AI Holdings, Inc. (NASDAQ:AISP - Get Free Report)'s stock price was up 4.2% during trading on Friday . The stock traded as high as $4.81 and last traded at $4.74. Approximately 665,237 shares were traded during trading, a decline of 78% from the average daily volume of 2,976,134 shares. The stock had previously closed at $4.55.

Wall Street Analysts Forecast Growth

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

Airship AI Stock Up 1.5 %

The stock's 50 day moving average is $3.71 and its 200 day moving average is $3.24.

Insider Activity

In related news, CTO Yanda Ma sold 30,000 shares of Airship AI stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $3.39, for a total transaction of $101,700.00. Following the completion of the sale, the chief technology officer now owns 60,000 shares in the company, valued at approximately $203,400. This trade represents a 33.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Mark E. Scott sold 22,000 shares of the company's stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $6.25, for a total transaction of $137,500.00. The disclosure for this sale can be found here. Insiders have sold 142,000 shares of company stock worth $721,600 over the last ninety days. 57.90% of the stock is currently owned by insiders.

Institutional Trading of Airship AI

Several hedge funds and other institutional investors have recently bought and sold shares of AISP. JPMorgan Chase & Co. boosted its holdings 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 purchasing an additional 26,095 shares during the last quarter. Geode Capital Management LLC lifted 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 buying an additional 21,616 shares during the period. State Street Corp lifted its position in Airship AI by 54.2% during the third 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 period. Finally, Charles Schwab Investment Management Inc. boosted 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 worth $68,000 after buying an additional 12,214 shares during the last quarter. 5.89% of the stock is owned by hedge funds and other institutional investors.

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.