Brian Joseph Hoff Sells 83,775 Shares of Unusual Machines, Inc. (NYSEAMERICAN:UMAC) Stock

Unusual Machines, Inc. (NYSEAMERICAN:UMAC - Get Free Report) CFO Brian Joseph Hoff sold 83,775 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $5.70, for a total transaction of $477,517.50. Following the completion of the transaction, the chief financial officer now owns 359,225 shares of the company's stock, valued at $2,047,582.50. The trade was a 18.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Unusual Machines Price Performance

Shares of NYSEAMERICAN:UMAC traded up $0.74 during trading on Wednesday, reaching $5.65. 736,083 shares of the stock were exchanged, compared to its average volume of 1,456,091. The stock has a fifty day moving average of $8.52 and a two-hundred day moving average of $7.27. Unusual Machines, Inc. has a 1-year low of $0.98 and a 1-year high of $23.62. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.24 and a quick ratio of 0.95.

Analyst Ratings Changes

Several equities research analysts recently commented on UMAC shares. Litchfield Hills Research started coverage on Unusual Machines in a research note on Wednesday, February 19th. They set a "buy" rating and a $20.00 target price for the company. Maxim Group started coverage on shares of Unusual Machines in a research note on Wednesday, December 18th. They issued a "buy" rating and a $18.00 price target for the company.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its position in Unusual Machines by 329.3% in the fourth quarter. Geode Capital Management LLC now owns 43,214 shares of the company's stock worth $727,000 after buying an additional 33,148 shares during the last quarter. Jane Street Group LLC purchased a new stake in Unusual Machines in the 4th quarter worth approximately $298,000. Kieckhefer Group LLC purchased a new stake in Unusual Machines in the fourth quarter valued at approximately $242,000. OMERS ADMINISTRATION Corp bought a new stake in Unusual Machines during the fourth quarter valued at approximately $209,000. Finally, SBI Securities Co. Ltd. bought a new stake in Unusual Machines during the fourth quarter valued at approximately $141,000.

About Unusual Machines

Unusual Machines, Inc designs, manufactures, and sells ultra-low latency video goggles for drone pilots. It operates a drone-focused e-commerce marketplace. The company serves drone pilots, hobbyists, and recreational services. The company was formerly known as AerocarveUS Corporation and changed its name to Unusual Machines, Inc in July 2022.