Insider Selling: AirSculpt Technologies, Inc. (NASDAQ:AIRS) CEO Sells 24,510 Shares of Stock

AirSculpt Technologies, Inc. (NASDAQ:AIRS) CEO Dennis Dean sold 24,510 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $6.54, for a total value of $160,295.40. Following the transaction, the chief executive officer now owns 582,052 shares of the company’s stock, valued at approximately $3,806,620.08. This trade represents a 4.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Dennis Dean also recently made the following trade(s):

• On Wednesday, November 13th, Dennis Dean sold 7,719 shares of AirSculpt Technologies stock. The stock was sold at an average price of $7.53, for a total transaction of $58,124.07.

AirSculpt Technologies Stock Performance

NASDAQ:AIRS opened at $6.51 on Friday. The stock has a 50-day moving average price of $5.60 and a 200 day moving average price of $4.76. The stock has a market capitalization of $376.81 million, a P/E ratio of -46.50 and a beta of 1.57. AirSculpt Technologies, Inc. has a 12-month low of $2.92 and a 12-month high of $9.20. The company has a current ratio of 0.51, a quick ratio of 0.86 and a debt-to-equity ratio of 0.80.

AirSculpt Technologies (NASDAQ:AIRS) last announced its quarterly earnings data on Friday, November 8th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.05). AirSculpt Technologies had a negative net margin of 4.13% and a positive return on equity of 2.22%. The company had revenue of $42.55 million for the quarter, compared to analysts’ expectations of $42.49 million. During the same period last year, the business earned ($0.01) earnings per share. Equities research analysts forecast that AirSculpt Technologies, Inc. will post 0.15 EPS for the current fiscal year.

Institutional Trading of AirSculpt Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of AIRS. Geode Capital Management LLC grew its position in shares of AirSculpt Technologies by 6.4% during the third quarter. Geode Capital Management LLC now owns 355,540 shares of the company’s stock valued at $1,803,000 after purchasing an additional 21,339 shares in the last quarter. Barclays PLC grew its holdings in AirSculpt Technologies by 227.0% during the 3rd quarter. Barclays PLC now owns 19,100 shares of the company’s stock valued at $97,000 after buying an additional 13,259 shares in the last quarter. SW Investment Management LLC grew its holdings in AirSculpt Technologies by 5.0% during the 2nd quarter. SW Investment Management LLC now owns 4,500,000 shares of the company’s stock valued at $18,000,000 after buying an additional 213,677 shares in the last quarter. FourWorld Capital Management LLC purchased a new stake in shares of AirSculpt Technologies during the 1st quarter worth approximately $557,000. Finally, Vanguard Group Inc. boosted its position in shares of AirSculpt Technologies by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 576,038 shares of the company’s stock valued at $3,537,000 after acquiring an additional 5,606 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, BTIG Research began coverage on shares of AirSculpt Technologies in a research report on Thursday, October 17th. They set a “neutral” rating on the stock.

AirSculpt Technologies Company Profile

AirSculpt Technologies, Inc, together with its subsidiaries, focuses on operating as a holding company for EBS Intermediate Parent LLC that provides body contouring procedure services in the United States. The company offers AirSculpt, a next-generation body contouring procedure that removes unwanted fat and tightens skin in a minimally invasive procedure.