Safe Pro Group Inc. Common Stock's (NASDAQ:SPAI - Get Free Report) lock-up period is set to end on Monday, February 24th. Safe Pro Group Inc. Common Stock had issued 1,020,000 shares in its initial public offering on August 28th. The total size of the offering was $5,100,000 based on an initial share price of $5.00. After the expiration of the company's lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.
Safe Pro Group Inc. Common Stock Stock Down 5.4 %
SPAI stock traded down $0.22 on Thursday, reaching $3.85. The company's stock had a trading volume of 191,402 shares, compared to its average volume of 282,636. The company has a fifty day moving average price of $3.50. Safe Pro Group Inc. Common Stock has a 12-month low of $1.56 and a 12-month high of $6.50.
Institutional Investors Weigh In On Safe Pro Group Inc. Common Stock
Several institutional investors and hedge funds have recently modified their holdings of the stock. Cresset Asset Management LLC raised its stake in Safe Pro Group Inc. Common Stock by 16.7% in the fourth quarter. Cresset Asset Management LLC now owns 120,250 shares of the company's stock worth $461,000 after buying an additional 17,250 shares in the last quarter. Two Sigma Securities LLC bought a new position in shares of Safe Pro Group Inc. Common Stock in the 4th quarter worth about $81,000. Finally, XTX Topco Ltd purchased a new position in Safe Pro Group Inc. Common Stock during the 4th quarter valued at about $45,000.
About Safe Pro Group Inc. Common Stock
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Safe Pro Group, Inc engages in the provision and acquisition of security and protection products. Its products include Artificial Intelligence (AI) and Machine Learning (ML) software technology and photogrammetry analysis tools, bullet and blast resistant personal protection equipment, and aerial managed services and mission-critical uncrewed solutions.
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