Airship AI (NASDAQ:AISP) Trading Up 14.4% – Time to Buy?

Airship AI Holdings, Inc. (NASDAQ:AISP) was up 14.4% during mid-day trading on Tuesday . The stock traded as high as $4.93 and last traded at $4.77. Approximately 984,216 shares were traded during trading, a decline of 63% from the average daily volume of 2,677,154 shares. The stock had previously closed at $4.17.

Wall Street Analysts Forecast Growth

Separately, Benchmark reiterated a “buy” rating and issued a $6.00 price target 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 $3.81 and its 200 day simple moving average is $3.24.

Insider Buying and Selling

In other news, CTO Yanda Ma sold 60,000 shares of Airship AI stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $6.45, for a total transaction of $387,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Mark E. Scott sold 22,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The shares were 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 142,000 shares of company stock valued at $721,600 in the last ninety days. 57.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Airship AI

Hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its stake in 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 buying an additional 12,214 shares in the last quarter. State Street Corp raised its position 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 acquiring an additional 45,247 shares in the last quarter. Geode Capital Management LLC lifted its stake 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 worth $459,000 after purchasing an additional 21,616 shares during the last quarter. Kieckhefer Group LLC bought a new stake in Airship AI during the fourth quarter valued at about $47,000. Finally, JPMorgan Chase & Co. grew its stake in Airship AI by 1,982.9% in 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. 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.