Airship AI (NASDAQ:AISP) Stock Price Down 9.1% – Time to Sell?

Airship AI Holdings, Inc. (NASDAQ:AISP)’s share price was down 9.1% during trading on Wednesday . The stock traded as low as $5.99 and last traded at $6.26. Approximately 5,783,920 shares were traded during mid-day trading, an increase of 108% from the average daily volume of 2,783,564 shares. The stock had previously closed at $6.89.

Wall Street Analysts Forecast Growth

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

Airship AI Stock Performance

The company’s 50 day moving average is $3.41 and its two-hundred day moving average is $3.22.

Insider Buying and Selling at Airship AI

In other news, CTO Yanda Ma sold 30,000 shares of the company’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 transaction 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. This represents a 33.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark E. Scott sold 22,000 shares of the firm’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $6.25, for a total transaction of $137,500.00. The disclosure for this sale can be found here. Insiders sold 142,000 shares of company stock valued at $721,600 in the last 90 days. Insiders own 57.90% of the company’s stock.

Institutional Trading of Airship AI

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. grew 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 worth $63,000 after acquiring an additional 26,095 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Airship AI by 70.6% in 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 during the last quarter. State Street Corp boosted its holdings in shares of Airship AI by 54.2% in 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. Finally, Geode Capital Management LLC increased its position in shares of Airship AI by 12.1% during the 3rd quarter. Geode Capital Management LLC now owns 199,701 shares of the company’s stock valued at $459,000 after purchasing an additional 21,616 shares during the last quarter. 5.89% of the stock is currently owned by hedge funds and other institutional investors.

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.