Insider Buying: Airship AI (NASDAQ:AISP) CEO Buys $89,600.00 in Stock

Airship AI Holdings, Inc. (NASDAQ:AISP) CEO Victor Huang acquired 40,000 shares of the stock in a transaction that occurred on Friday, March 20th. The stock was purchased at an average price of $2.24 per share, with a total value of $89,600.00. Following the completion of the transaction, the chief executive officer owned 4,012,567 shares of the company’s stock, valued at approximately $8,988,150.08. This trade represents a 1.01% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Airship AI Trading Up 4.0%

Shares of NASDAQ:AISP opened at $2.34 on Thursday. Airship AI Holdings, Inc. has a 1-year low of $2.20 and a 1-year high of $7.20. The stock has a market capitalization of $80.43 million, a P/E ratio of 3.77 and a beta of 0.37. The business has a 50-day moving average price of $2.85 and a two-hundred day moving average price of $3.72.

Airship AI (NASDAQ:AISP) last issued its earnings results on Tuesday, February 17th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $6.49 million during the quarter, compared to the consensus estimate of $6.40 million. As a group, equities analysts predict that Airship AI Holdings, Inc. will post 1.71 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Roth Mkm set a $8.00 target price on shares of Airship AI in a report on Monday, December 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Airship AI in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Airship AI presently has an average rating of “Sell” and an average price target of $8.00.

Institutional Trading of Airship AI

A number of hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Airship AI in the 4th quarter valued at approximately $39,000. Aristides Capital LLC acquired a new position in Airship AI during the fourth quarter valued at approximately $168,000. AQR Capital Management LLC increased its stake in Airship AI by 1,177.9% in the fourth quarter. AQR Capital Management LLC now owns 243,261 shares of the company’s stock valued at $703,000 after purchasing an additional 224,225 shares in the last quarter. Kovack Advisors Inc. bought a new stake in Airship AI in the fourth quarter valued at approximately $31,000. Finally, State of Wisconsin Investment Board raised its holdings in Airship AI by 21.4% in the fourth quarter. State of Wisconsin Investment Board now owns 122,723 shares of the company’s stock worth $355,000 after purchasing an additional 21,623 shares during the period. 5.89% of the stock is currently owned by institutional investors and hedge funds.

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. It serves government, public sector, law enforcement, military, and commercial enterprise organizations.