Insider Selling: AirJoule Technologies (NASDAQ:AIRJ) Insider Sells $10,974.54 in Stock

AirJoule Technologies Corporation (NASDAQ:AIRJ) insider Jeff Gutke sold 3,462 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $3.17, for a total value of $10,974.54. Following the sale, the insider owned 110,439 shares of the company’s stock, valued at $350,091.63. This trade represents a 3.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

AirJoule Technologies Stock Up 6.4%

Shares of AIRJ opened at $3.50 on Friday. AirJoule Technologies Corporation has a twelve month low of $2.61 and a twelve month high of $8.30. The company has a market cap of $212.38 million, a price-to-earnings ratio of -23.33 and a beta of 0.45. The company has a 50 day moving average of $3.50 and a two-hundred day moving average of $4.14.

Institutional Trading of AirJoule Technologies

Several hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. grew its holdings in AirJoule Technologies by 16.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 24,113 shares of the company’s stock worth $95,000 after acquiring an additional 3,323 shares during the period. Barclays PLC boosted its holdings in AirJoule Technologies by 11.1% during the fourth quarter. Barclays PLC now owns 37,506 shares of the company’s stock worth $148,000 after buying an additional 3,760 shares in the last quarter. Group One Trading LLC grew its position in AirJoule Technologies by 45.6% during the third quarter. Group One Trading LLC now owns 13,100 shares of the company’s stock worth $61,000 after buying an additional 4,100 shares during the period. Police & Firemen s Retirement System of New Jersey purchased a new position in AirJoule Technologies in the second quarter valued at about $29,000. Finally, Nisa Investment Advisors LLC acquired a new stake in shares of AirJoule Technologies during the 2nd quarter valued at approximately $29,000. 63.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AirJoule Technologies in a research note on Monday, December 29th. Lucid Cap Mkts raised shares of AirJoule Technologies to a “strong-buy” rating in a research report on Monday, December 22nd. LADENBURG THALM/SH SH began coverage on AirJoule Technologies in a report on Tuesday, December 16th. They issued a “buy” rating and a $8.00 price objective on the stock. Finally, UBS Group set a $7.00 price target on shares of AirJoule Technologies in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $9.00.

About AirJoule Technologies

Montana Technologies Corporation operates as an atmospheric renewable energy and water harvesting technology company. It provides energy and dehumidification, evaporative cooling, and atmospheric water generation through its AirJoule technology. The company is headquartered in Ronan, Montana.