Airship AI (NASDAQ:AISP) Shares Up 4.2% – Should You Buy?

Airship AI Holdings, Inc. (NASDAQ:AISP) shares shot up 4.2% on Friday . The stock traded as high as $4.81 and last traded at $4.74. 665,237 shares were traded during trading, a decline of 78% from the average session volume of 2,976,134 shares. The stock had previously closed at $4.55.

Analysts Set New Price Targets

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

Airship AI Price Performance

The stock has a 50 day moving average price of $3.77 and a 200-day moving average price of $3.24.

Insiders Place Their Bets

In other news, CTO Yanda Ma sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $3.18, for a total transaction of $95,400.00. Following the transaction, the chief technology officer now directly owns 30,000 shares in the company, valued at $95,400. The trade was a 50.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Mark E. Scott sold 22,000 shares of the business’s 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 have sold a total of 142,000 shares of company stock valued at $721,600 in the last 90 days. 57.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Airship AI

A number of hedge funds have recently modified their holdings of the company. State Street Corp increased its holdings 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 buying an additional 45,247 shares during the last quarter. 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 during the period. Geode Capital Management LLC grew its position in Airship AI by 12.1% in the third quarter. Geode Capital Management LLC now owns 199,701 shares of the company’s stock worth $459,000 after acquiring an additional 21,616 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Airship AI by 70.6% during the third 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 during the last quarter. Hedge funds and other 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.