Airship AI (NASDAQ:AISP) Stock Price Down 6.2% – Time to Sell?

Airship AI Holdings, Inc. (NASDAQ:AISP) shares dropped 6.2% during trading on Friday . The company traded as low as $4.80 and last traded at $5.01. Approximately 829,570 shares changed hands during trading, a decline of 66% from the average daily volume of 2,463,793 shares. The stock had previously closed at $5.34.

Analyst Upgrades and Downgrades

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

Airship AI Price Performance

The business’s 50 day moving average is $4.02 and its two-hundred day moving average is $3.29.

Insider Activity

In other Airship AI news, CFO Mark E. Scott sold 22,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $6.25, for a total value of $137,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Yanda Ma sold 60,000 shares of Airship AI stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $6.45, for a total transaction of $387,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 142,000 shares of company stock worth $721,600. 57.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Airship AI

Large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its holdings in Airship AI by 12.1% during the 3rd quarter. Geode Capital Management LLC now owns 199,701 shares of the company’s stock valued at $459,000 after acquiring an additional 21,616 shares during the period. State Street Corp grew its holdings in shares of Airship AI by 54.2% in the third quarter. State Street Corp now owns 128,685 shares of the company’s stock worth $296,000 after purchasing an additional 45,247 shares during the last quarter. Charles Schwab Investment Management Inc. increased 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 buying an additional 12,214 shares during the period. JPMorgan Chase & Co. raised its holdings in Airship AI by 1,982.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,411 shares of the company’s stock valued at $63,000 after buying an additional 26,095 shares during the last quarter. Finally, Kieckhefer Group LLC purchased a new stake in Airship AI during the 4th quarter valued at $47,000. 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.