Airship AI (NASDAQ:AISP) Stock Price Down 8.6% – Time to Sell?

Airship AI Holdings, Inc. (NASDAQ:AISP)’s share price was down 8.6% on Thursday . The company traded as low as $5.65 and last traded at $5.72. Approximately 1,467,383 shares traded hands during mid-day trading, a decline of 47% from the average daily volume of 2,783,564 shares. The stock had previously closed at $6.26.

Wall Street Analyst Weigh In

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

Airship AI Stock Performance

The stock has a 50-day moving average of $3.33 and a 200 day moving average of $3.20.

Insider Transactions at Airship AI

In other news, CTO Yanda Ma sold 30,000 shares of Airship AI stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $3.39, for a total transaction of $101,700.00. Following the sale, the chief technology officer now owns 60,000 shares of the company’s stock, valued at approximately $203,400. The trade was a 33.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 57.90% of the company’s stock.

Institutional Investors Weigh In On Airship AI

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AISP. JPMorgan Chase & Co. lifted its stake in shares of Airship AI by 1,982.9% in the 3rd 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. Charles Schwab Investment Management Inc. raised its holdings in Airship AI by 70.6% in 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 during the period. State Street Corp lifted its position in Airship AI by 54.2% in the third quarter. State Street Corp now owns 128,685 shares of the company’s stock valued at $296,000 after buying an additional 45,247 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Airship AI by 12.1% during the third quarter. Geode Capital Management LLC now owns 199,701 shares of the company’s stock worth $459,000 after buying an additional 21,616 shares during the period. Institutional investors and hedge funds 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.