Airship AI (NASDAQ:AISP) Shares Down 6.8% – Time to Sell?

Airship AI Holdings, Inc. (NASDAQ:AISP)’s share price dropped 6.8% during mid-day trading on Monday . The company traded as low as $3.93 and last traded at $4.17. Approximately 538,153 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 2,016,553 shares. The stock had previously closed at $4.47.

Analyst Upgrades and Downgrades

Separately, Benchmark reissued 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 Trading Down 3.1 %

The stock’s 50-day simple moving average is $4.42 and its 200-day simple moving average is $3.35.

Insiders Place Their Bets

In other Airship AI news, CFO Mark E. Scott sold 22,000 shares of Airship AI stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $6.25, for a total transaction of $137,500.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Yanda Ma sold 60,000 shares of the company’s 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. Company insiders own 57.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of 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 in the last quarter. State Street Corp boosted its stake in 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 purchasing an additional 45,247 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Airship AI by 70.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 29,507 shares of the company’s stock valued at $68,000 after buying an additional 12,214 shares in the last quarter. JPMorgan Chase & Co. raised its position 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 buying an additional 26,095 shares during the last quarter. Finally, Kieckhefer Group LLC purchased a new position in shares of Airship AI in the fourth quarter worth $47,000. Institutional investors own 5.89% of the company’s stock.

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.