Unusual Machines (NYSEAMERICAN:UMAC) CFO Sells $2,656,500.00 in Stock

Unusual Machines, Inc. (NYSEAMERICAN:UMAC) CFO Brian Joseph Hoff sold 150,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $17.71, for a total transaction of $2,656,500.00. Following the completion of the sale, the chief financial officer owned 352,650 shares in the company, valued at approximately $6,245,431.50. This trade represents a 29.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Brian Joseph Hoff also recently made the following trade(s):

• On Monday, March 16th, Brian Joseph Hoff sold 11,413 shares of Unusual Machines stock. The stock was sold at an average price of $18.59, for a total transaction of $212,167.67.

Unusual Machines Stock Performance

Shares of Unusual Machines stock opened at $31.78 on Monday. The company’s 50-day moving average price is $15.26 and its two-hundred day moving average price is $13.95. Unusual Machines, Inc. has a 52 week low of $4.81 and a 52 week high of $32.36. The stock has a market cap of $1.52 billion, a PE ratio of -75.66 and a beta of 14.63.

Unusual Machines (NYSEAMERICAN:UMAC) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.15). Unusual Machines had a negative return on equity of 11.83% and a negative net margin of 32.71%.The business had revenue of $8.10 million during the quarter, compared to the consensus estimate of $5.54 million. On average, equities analysts predict that Unusual Machines, Inc. will post -0.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Needham & Company LLC boosted their price target on shares of Unusual Machines from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Roth Mkm assumed coverage on shares of Unusual Machines in a research report on Wednesday, May 13th. They issued a “buy” rating and a $25.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Unusual Machines has a consensus rating of “Buy” and an average price target of $22.33.

Hedge Funds Weigh In On Unusual Machines

A number of institutional investors have recently bought and sold shares of the stock. Tudor Investment Corp ET AL increased its stake in Unusual Machines by 201.0% in the 3rd quarter. Tudor Investment Corp ET AL now owns 1,207,460 shares of the company’s stock worth $18,233,000 after purchasing an additional 806,359 shares in the last quarter. Vanguard Group Inc. increased its stake in Unusual Machines by 13.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,162,795 shares of the company’s stock worth $17,558,000 after purchasing an additional 136,696 shares in the last quarter. Granahan Investment Management LLC purchased a new position in Unusual Machines in the 4th quarter worth about $14,708,000. State Street Corp increased its stake in Unusual Machines by 698.4% in the 4th quarter. State Street Corp now owns 966,184 shares of the company’s stock worth $12,309,000 after purchasing an additional 845,173 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Unusual Machines by 29.5% in the 4th quarter. Geode Capital Management LLC now owns 359,883 shares of the company’s stock worth $4,587,000 after purchasing an additional 81,883 shares in the last quarter.

Key Stories Impacting Unusual Machines

Here are the key news stories impacting Unusual Machines this week:

• Positive Sentiment: Reports that the Trump administration and Pentagon are considering funding deals and possible equity stakes in U.S. drone makers lifted sentiment across the sector, with Unusual Machines singled out as a potential beneficiary. Unusual Machines and other drone stocks surge on report Pentagon considering stakes in the industry
• Positive Sentiment: Unusual Machines announced it will participate in several upcoming investor conferences in June, which could increase visibility and help the company meet with potential investors. Unusual Machines to Participate in June Investor Conferences
• Positive Sentiment: Trading activity also suggests heightened speculative interest, with unusual call-option volume implying investors are betting on further upside. Unusual Machines Target of Unusually High Options Trading (NYSEAMERICAN:UMAC)
• Neutral Sentiment: CEO services agreement changes and the CFO’s pre-arranged share sale were disclosed, but the CFO transaction was executed under a Rule 10b5-1 plan, which makes it less likely to be viewed as an immediate negative signal. Unusual Machines Extends CEO Services Agreement, Increases Fee
• Negative Sentiment: Unusual Machines CFO Brian Joseph Hoff sold 150,000 shares, a move that can create some concern about insider selling even though it was part of a pre-arranged trading plan. SEC filing for CFO share sale

Unusual Machines Company Profile

Unusual Machines, Inc designs, manufactures, and sells ultra-low latency video goggles for drone pilots. It operates a drone-focused e-commerce marketplace. The company serves drone pilots, hobbyists, and recreational services. The company was formerly known as AerocarveUS Corporation and changed its name to Unusual Machines, Inc in July 2022. Unusual Machines, Inc was incorporated in 2019 and is based in Orlando, Florida.