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% during trading on Monday . The stock 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.

Wall Street Analysts Forecast Growth

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

Airship AI Stock Up 0.6 %

The stock’s 50 day moving average price is $3.86 and its two-hundred day moving average price is $3.25.

Insiders Place Their Bets

In related news, CFO Mark E. Scott sold 22,000 shares of the firm’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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Yanda Ma sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $3.39, for a total value of $101,700.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 142,000 shares of company stock valued at $721,600. Company insiders own 57.90% of the company’s stock.

Hedge Funds Weigh In On Airship AI

Large investors have recently made changes to their positions in the company. Kieckhefer Group LLC acquired a new position in shares of Airship AI in the 4th quarter valued at $47,000. JPMorgan Chase & Co. lifted its stake in shares of Airship AI by 1,982.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,411 shares of the company’s stock valued at $63,000 after purchasing an additional 26,095 shares during the period. 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 period. State Street Corp raised its position in Airship AI by 54.2% during the third quarter. State Street Corp now owns 128,685 shares of the company’s stock worth $296,000 after acquiring an additional 45,247 shares during the period. Finally, Geode Capital Management LLC raised its position in Airship AI by 12.1% during 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. 5.89% of the stock is currently owned by institutional investors and hedge funds.

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.