Airship AI (NASDAQ:AISP) Trading 3% Higher – Here’s Why

Airship AI Holdings, Inc. (NASDAQ:AISP) shares rose 3% during mid-day trading on Friday . The stock traded as high as $4.92 and last traded at $4.74. Approximately 1,784,573 shares changed hands during trading, a decline of 13% from the average daily volume of 2,042,381 shares. The stock had previously closed at $4.60.

Analysts Set New Price Targets

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

Airship AI Stock Down 2.8 %

The stock has a fifty day moving average of $4.42 and a 200-day moving average of $3.36.

Insider Activity

In other news, CTO Yanda Ma sold 60,000 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $6.45, for a total value of $387,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $137,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 142,000 shares of company stock valued at $721,600. 57.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Airship AI

Several institutional investors and hedge funds have recently made changes to their positions in AISP. Kieckhefer Group LLC bought a new position in Airship AI during the 4th quarter worth $47,000. Charles Schwab Investment Management Inc. grew its stake in shares of Airship AI by 70.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 29,507 shares of the company’s stock worth $68,000 after purchasing an additional 12,214 shares in the last quarter. Geode Capital Management LLC boosted its stake in Airship AI by 12.1% during 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. JPMorgan Chase & Co. lifted its holdings in shares of Airship AI by 1,982.9% during the third 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 last quarter. Finally, State Street Corp raised its stake 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 period. 5.89% of the stock is 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.