John Uczekaj Sells 16,887 Shares of AIRO Group (NASDAQ:AIRO) Stock

AIRO Group Holdings, Inc. (NASDAQ:AIRO) COO John Uczekaj sold 16,887 shares of the firm’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $9.72, for a total value of $164,141.64. Following the completion of the sale, the chief operating officer owned 221,572 shares of the company’s stock, valued at approximately $2,153,679.84. This trade represents a 7.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

John Uczekaj also recently made the following trade(s):

• On Monday, July 6th, John Uczekaj sold 154 shares of AIRO Group stock. The stock was sold at an average price of $7.76, for a total transaction of $1,195.04.

AIRO Group Price Performance

AIRO stock opened at $8.98 on Wednesday. The stock has a market capitalization of $282.42 million, a PE ratio of -19.11 and a beta of 1.90. AIRO Group Holdings, Inc. has a fifty-two week low of $5.71 and a fifty-two week high of $25.90. The company has a 50 day moving average price of $7.49 and a 200 day moving average price of $8.33.

AIRO Group (NASDAQ:AIRO) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.06) earnings per share (EPS) for the quarter. AIRO Group had a negative net margin of 23.86% and a negative return on equity of 3.48%. The firm had revenue of $43.18 million for the quarter. As a group, equities analysts expect that AIRO Group Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AIRO. Leonteq Securities AG bought a new position in AIRO Group during the fourth quarter worth about $25,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of AIRO Group during the 4th quarter worth $30,000. Raymond James Financial Inc. bought a new position in shares of AIRO Group in the second quarter worth about $43,000. New York State Common Retirement Fund bought a new position in AIRO Group in the 4th quarter valued at approximately $43,000. Finally, JPMorgan Chase & Co. bought a new position in shares of AIRO Group in the 3rd quarter valued at $54,000.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AIRO. Mizuho cut their price target on shares of AIRO Group from $16.00 to $13.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 21st. Wall Street Zen raised AIRO Group from a “strong sell” rating to a “sell” rating in a research report on Saturday. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AIRO Group in a research report on Friday, May 29th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, AIRO Group currently has a consensus rating of “Hold” and an average price target of $17.33.

AIRO Group Company Profile

We are a technologically differentiated aerospace, autonomy, and air mobility platform targeting 21st century aerospace and defense opportunities. We leverage decades of industry expertise and connections across the drone, aviation, and avionics markets to provide leading solutions to the aerospace and defense market. We offer connected and diversified solutions providing operational synergies across our segments and are powered by an international footprint as well as supplier and public sector relationships.