Airship AI (NASDAQ:AISP) Trading Down 3% – Should You Sell?

Shares of Airship AI Holdings, Inc. (NASDAQ:AISP) traded down 3% during mid-day trading on Wednesday . The company traded as low as $5.00 and last traded at $5.54. 4,750,402 shares changed hands during mid-day trading, an increase of 74% from the average session volume of 2,731,267 shares. The stock had previously closed at $5.71.

Wall Street Analysts Forecast Growth

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

Airship AI Stock Up 4.0 %

The business has a fifty day simple moving average of $3.00 and a 200-day simple moving average of $3.15.

Insider Transactions at Airship AI

In other news, CTO Yanda Ma sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $3.39, for a total value of $101,700.00. Following the sale, the chief technology officer now directly owns 60,000 shares of the company’s stock, valued at $203,400. The trade was a 33.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 57.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AISP. JPMorgan Chase & Co. grew its stake in shares of Airship AI by 1,982.9% in the third quarter. JPMorgan Chase & Co. now owns 27,411 shares of the company’s stock worth $63,000 after acquiring an additional 26,095 shares during the last quarter. Geode Capital Management LLC boosted its stake in Airship AI by 12.1% in 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 in the last quarter. State Street Corp grew its position in Airship AI by 54.2% during the 3rd quarter. State Street Corp now owns 128,685 shares of the company’s stock valued at $296,000 after purchasing an additional 45,247 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Airship AI by 70.6% during the 3rd 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 in the last quarter. Institutional investors 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.