Airship AI (NASDAQ:AISP) Trading Down 6.8% – Here’s Why

Airship AI Holdings, Inc. (NASDAQ:AISP)’s share price was down 6.8% during trading on Monday . The company traded as low as $3.93 and last traded at $4.17. Approximately 538,153 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 2,016,553 shares. The stock had previously closed at $4.47.

Analyst Upgrades and Downgrades

Separately, Benchmark reaffirmed 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 Stock Performance

The firm’s 50-day simple moving average is $4.42 and its two-hundred day simple moving average is $3.35.

Insider Transactions at Airship AI

In related news, CFO Mark E. Scott sold 22,000 shares of the business’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Yanda Ma sold 30,000 shares of the stock in a transaction dated 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 in the company, valued at $203,400. This represents a 33.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 142,000 shares of company stock worth $721,600 over the last three months. 57.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Airship AI

Large investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in Airship AI by 12.1% in the third quarter. Geode Capital Management LLC now owns 199,701 shares of the company’s stock valued at $459,000 after buying an additional 21,616 shares in the last quarter. State Street Corp increased its stake 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 valued at $296,000 after purchasing an additional 45,247 shares in the last quarter. Charles Schwab Investment Management Inc. increased 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 in the last quarter. JPMorgan Chase & Co. raised its holdings in Airship AI by 1,982.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,411 shares of the company’s stock worth $63,000 after purchasing an additional 26,095 shares during the period. Finally, Kieckhefer Group LLC acquired a new stake in Airship AI in the fourth quarter valued at approximately $47,000. 5.89% of the stock is currently owned by institutional investors and hedge funds.

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.