AIRO Group (NASDAQ:AIRO) CFO Sells 8,697 Shares of Stock

AIRO Group Holdings, Inc. (NASDAQ:AIRO) CFO Mariya Pylypiv sold 8,697 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $7.08, for a total value of $61,574.76. Following the transaction, the chief financial officer directly owned 267,333 shares of the company’s stock, valued at approximately $1,892,717.64. This represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Mariya Pylypiv also recently made the following trade(s):

• On Wednesday, June 17th, Mariya Pylypiv sold 30,028 shares of AIRO Group stock. The shares were sold at an average price of $7.66, for a total transaction of $230,014.48.

AIRO Group Trading Up 4.5%

NASDAQ:AIRO traded up $0.32 during trading hours on Friday, hitting $7.40. The company’s stock had a trading volume of 388,724 shares, compared to its average volume of 570,101. AIRO Group Holdings, Inc. has a 52-week low of $5.71 and a 52-week high of $22.47. The stock has a market capitalization of $233.54 million, a P/E ratio of -8.92 and a beta of 2.02. The stock has a fifty day moving average of $7.52 and a 200-day moving average of $8.17.

AIRO Group (NASDAQ:AIRO) last posted its earnings results on Thursday, August 13th. The company reported ($0.06) earnings per share for the quarter. The business had revenue of $43.18 million for the quarter. AIRO Group had a negative return on equity of 3.48% and a negative net margin of 23.86%. On average, sell-side analysts forecast that AIRO Group Holdings, Inc. will post -1.04 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AIRO. MYDA Advisors LLC acquired a new position in AIRO Group in the fourth quarter valued at $1,963,000. HighTower Advisors LLC boosted its stake in shares of AIRO Group by 936.8% during the fourth quarter. HighTower Advisors LLC now owns 666,176 shares of the company’s stock worth $5,449,000 after buying an additional 601,924 shares during the period. AXQ Capital LP purchased a new position in shares of AIRO Group during the fourth quarter worth about $96,000. Leonteq Securities AG acquired a new position in AIRO Group in the 4th quarter valued at about $25,000. Finally, Ieq Capital LLC purchased a new stake in AIRO Group during the 2nd quarter valued at approximately $147,000.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AIRO shares. Weiss Ratings restated a “sell (e+)” rating on shares of AIRO Group in a report on Wednesday, August 26th. 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 note on Tuesday, July 21st. Finally, Wall Street Zen raised shares of AIRO Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.33.

About AIRO Group

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.