Airship AI (NASDAQ:AISP) Stock Price Down 8.9% – Here’s Why

Airship AI Holdings, Inc. (NASDAQ:AISP)’s stock price was down 8.9% on Monday . The company traded as low as $4.01 and last traded at $4.21. Approximately 613,150 shares changed hands during trading, a decline of 78% from the average daily volume of 2,756,853 shares. The stock had previously closed at $4.62.

Analyst Upgrades and Downgrades

Separately, Benchmark restated a “buy” rating and set a $6.00 price objective on shares of Airship AI in a research report on Tuesday, November 19th.

Airship AI Stock Performance

The firm’s 50 day moving average is $3.86 and its 200-day moving average is $3.25.

Insider Activity

In other news, CTO Yanda Ma sold 30,000 shares of Airship AI stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $3.39, for a total transaction of $101,700.00. Following the transaction, the chief technology officer now owns 60,000 shares in the company, valued at $203,400. The trade was a 33.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mark E. Scott sold 22,000 shares of Airship AI stock in a transaction on Tuesday, December 31st. The stock was 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. Insiders sold 142,000 shares of company stock worth $721,600 over the last ninety days. Corporate insiders own 57.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. raised its position in Airship AI by 70.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 29,507 shares of the company’s stock valued at $68,000 after purchasing an additional 12,214 shares during the period. State Street Corp increased its position in shares of Airship AI by 54.2% during the 3rd quarter. State Street Corp now owns 128,685 shares of the company’s stock worth $296,000 after purchasing an additional 45,247 shares during the last quarter. Geode Capital Management LLC raised its holdings in Airship AI by 12.1% in the 3rd quarter. Geode Capital Management LLC now owns 199,701 shares of the company’s stock valued at $459,000 after buying an additional 21,616 shares during the period. JPMorgan Chase & Co. lifted its position in Airship AI by 1,982.9% in the third quarter. JPMorgan Chase & Co. now owns 27,411 shares of the company’s stock valued at $63,000 after buying an additional 26,095 shares during the last quarter. Finally, Kieckhefer Group LLC purchased a new position in Airship AI during the fourth quarter worth about $47,000. 5.89% of the stock is currently owned by hedge funds and other institutional investors.

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.