Arrington Capital Management LLC Makes New Investment in SkyAI, Inc. Common Stock $SKYA

Arrington Capital Management LLC bought a new position in shares of SkyAI, Inc. Common Stock (NASDAQ:SKYA) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 923,076 shares of the company’s stock, valued at approximately $1,874,000. SkyAI, Inc. Common Stock accounts for approximately 1.8% of Arrington Capital Management LLC’s investment portfolio, making the stock its 13th largest holding. Arrington Capital Management LLC owned 3.18% of SkyAI, Inc. Common Stock as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Aristides Capital LLC acquired a new stake in shares of SkyAI, Inc. Common Stock during the fourth quarter worth $25,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of SkyAI, Inc. Common Stock during the fourth quarter worth $43,000. Bank of America Corp DE raised its holdings in shares of SkyAI, Inc. Common Stock by 98,825.0% during the third quarter. Bank of America Corp DE now owns 7,914 shares of the company’s stock worth $52,000 after purchasing an additional 7,906 shares during the period. T3 Companies LLC acquired a new stake in shares of SkyAI, Inc. Common Stock during the fourth quarter worth $68,000. Finally, Geode Capital Management LLC raised its holdings in shares of SkyAI, Inc. Common Stock by 2,349.9% during the fourth quarter. Geode Capital Management LLC now owns 280,372 shares of the company’s stock worth $569,000 after purchasing an additional 268,928 shares during the period. 17.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of SkyAI, Inc. Common Stock in a report on Tuesday, April 21st. Wall Street Zen cut shares of SkyAI, Inc. Common Stock from a “hold” rating to a “sell” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, SkyAI, Inc. Common Stock currently has an average rating of “Sell”.

SkyAI, Inc. Common Stock Stock Down 7.0%

SKYA stock opened at $1.20 on Thursday. The firm’s 50-day simple moving average is $1.66 and its 200 day simple moving average is $1.91. The stock has a market cap of $50.78 million, a PE ratio of -0.74 and a beta of 2.04. SkyAI, Inc. Common Stock has a fifty-two week low of $1.02 and a fifty-two week high of $18.23.

SkyAI, Inc. Common Stock (NASDAQ:SKYA) last announced its earnings results on Thursday, May 14th. The company reported ($1.19) earnings per share (EPS) for the quarter. The company had revenue of $0.19 million for the quarter.

SkyAI, Inc. Common Stock Company Profile

Sharps Technology (NASDAQ:STSS) is an insurtech company specializing in technology-enabled subrogation recovery services for property and casualty insurers. The company’s flagship platform combines process automation, data analytics and digital workflow tools to help carriers and third-party administrators identify, manage and recover funds from liable third parties. By streamlining the subrogation lifecycle—from claim intake through recovery—Sharps delivers greater transparency, faster turnaround times and improved recovery rates for its clients.

Since its initial public offering in late 2021, Sharps Technology has focused on expanding its presence across the United States.