Airship AI (NASDAQ:AISP) Shares Down 9.8% – Time to Sell?

Airship AI Holdings, Inc. (NASDAQ:AISP)’s stock price traded down 9.8% during trading on Wednesday . The company traded as low as $4.30 and last traded at $4.41. 1,177,250 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 3,110,583 shares. The stock had previously closed at $4.89.

Analyst Upgrades and Downgrades

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

Airship AI Stock Up 1.5 %

The stock has a 50-day simple moving average of $3.71 and a 200 day simple moving average of $3.24.

Insider Activity at Airship AI

In other Airship AI news, CFO Mark E. Scott sold 22,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $6.25, for a total transaction of $137,500.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Yanda Ma sold 60,000 shares of the company’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $6.45, for a total value of $387,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 142,000 shares of company stock worth $721,600. 57.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Airship AI

Several large investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its holdings in Airship AI by 12.1% during the 3rd quarter. Geode Capital Management LLC now owns 199,701 shares of the company’s stock worth $459,000 after purchasing an additional 21,616 shares during the period. State Street Corp increased its holdings in 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 period. Charles Schwab Investment Management Inc. boosted its position 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 acquiring an additional 12,214 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Airship AI by 1,982.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,411 shares of the company’s stock worth $63,000 after acquiring an additional 26,095 shares in the last quarter. Hedge funds and other institutional investors own 5.89% of the company’s stock.

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.