AirJoule Technologies (NASDAQ:AIRJ) Insider Chad Macdonald Sells 5,320 Shares of Stock

AirJoule Technologies Corporation (NASDAQ:AIRJ) insider Chad Macdonald sold 5,320 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $4.65, for a total transaction of $24,738.00. Following the completion of the sale, the insider directly owned 46,067 shares of the company’s stock, valued at approximately $214,211.55. This represents a 10.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Chad Macdonald also recently made the following trade(s):

• On Tuesday, June 9th, Chad Macdonald sold 1,987 shares of AirJoule Technologies stock. The stock was sold at an average price of $4.50, for a total transaction of $8,941.50.

AirJoule Technologies Trading Down 7.0%

NASDAQ:AIRJ opened at $4.13 on Thursday. The company has a 50-day moving average price of $3.66 and a 200-day moving average price of $3.49. AirJoule Technologies Corporation has a 12 month low of $2.22 and a 12 month high of $6.75. The stock has a market cap of $282.70 million, a price-to-earnings ratio of -3.62 and a beta of 0.88.

AirJoule Technologies (NASDAQ:AIRJ) last released its earnings results on Thursday, May 14th. The company reported ($0.74) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.68). Equities analysts forecast that AirJoule Technologies Corporation will post -0.14 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on AIRJ shares. Weiss Ratings upgraded AirJoule Technologies from a “sell (e+)” rating to a “sell (d)” rating in a research note on Monday, May 18th. B. Riley Financial started coverage on shares of AirJoule Technologies in a research report on Thursday, April 30th. They set a “buy” rating and a $6.00 price target for the company. Seaport Research Partners started coverage on shares of AirJoule Technologies in a research report on Friday, May 8th. They set a “buy” rating and a $7.00 price target for the company. Finally, HC Wainwright reissued a “buy” rating and set a $12.00 price target on shares of AirJoule Technologies in a research report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $8.25.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AIRJ. Vident Advisory LLC purchased a new position in AirJoule Technologies in the fourth quarter worth about $1,849,000. Geode Capital Management LLC raised its holdings in AirJoule Technologies by 111.1% in the second quarter. Geode Capital Management LLC now owns 517,203 shares of the company’s stock worth $2,395,000 after buying an additional 272,253 shares during the last quarter. Renaissance Technologies LLC raised its holdings in AirJoule Technologies by 417.1% in the fourth quarter. Renaissance Technologies LLC now owns 287,500 shares of the company’s stock worth $1,133,000 after buying an additional 231,900 shares during the last quarter. Marshall Wace LLP raised its holdings in AirJoule Technologies by 160.9% in the fourth quarter. Marshall Wace LLP now owns 314,948 shares of the company’s stock worth $1,241,000 after buying an additional 194,212 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in AirJoule Technologies in the first quarter worth about $482,000. Hedge funds and other institutional investors own 63.65% of the company’s stock.

AirJoule Technologies Company Profile

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.