Airship AI (NASDAQ:AISP) Trading Up 6.6% - Here's What Happened

Airship AI Holdings, Inc. (NASDAQ:AISP - Get Free Report)'s stock price traded up 6.6% during mid-day trading on Wednesday . The stock traded as high as $5.05 and last traded at $5.00. 913,077 shares were traded during trading, a decline of 65% from the average session volume of 2,583,194 shares. The stock had previously closed at $4.69.

Wall Street Analysts Forecast Growth

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

Airship AI Stock Performance

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

Insider Activity

In other news, 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 transaction was disclosed in a filing with the SEC, which can be accessed 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 transaction of $387,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 142,000 shares of company stock valued at $721,600. Company insiders own 57.90% of the company's stock.

Hedge Funds Weigh In On Airship AI

Several institutional investors and hedge funds have recently modified their holdings of AISP. Kieckhefer Group LLC purchased a new position in Airship AI during the fourth quarter valued at approximately $47,000. Charles Schwab Investment Management Inc. grew 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 period. Geode Capital Management LLC increased its holdings 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 in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of 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 purchasing an additional 26,095 shares during the period. Finally, State Street Corp boosted its holdings 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 in the last quarter. Institutional investors and hedge funds 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.