Airship AI (NASDAQ:AISP) Shares Down 5.1% – What’s Next?

Airship AI Holdings, Inc. (NASDAQ:AISP)’s stock price fell 5.1% during trading on Monday . The stock traded as low as $4.80 and last traded at $5.07. 1,756,861 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 4,261,351 shares. The stock had previously closed at $5.34.

Wall Street Analyst Weigh In

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

Airship AI Stock Up 14.6 %

The company’s 50 day moving average price is $4.06 and its 200 day moving average price is $3.29.

Insider Buying and Selling

In related news, CFO Mark E. Scott sold 22,000 shares of the 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CTO Yanda Ma sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $3.18, for a total transaction of $95,400.00. Following the completion of the transaction, the chief technology officer now directly owns 30,000 shares in the company, valued at approximately $95,400. The trade was a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 142,000 shares of company stock worth $721,600 in the last 90 days. Corporate insiders own 57.90% of the company’s stock.

Hedge Funds Weigh In On Airship AI

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Kieckhefer Group LLC bought a new position in Airship AI in the fourth quarter valued at approximately $47,000. JPMorgan Chase & Co. boosted 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 acquiring an additional 26,095 shares during the last quarter. Geode Capital Management LLC boosted its stake 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 acquiring an additional 21,616 shares during the last quarter. State Street Corp boosted its position in shares of 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 purchasing an additional 45,247 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Airship AI by 70.6% during 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. 5.89% of the stock is owned by institutional investors.

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.