John Uczekaj Sells 7,230 Shares of AIRO Group (NASDAQ:AIRO) Stock

AIRO Group Holdings, Inc. (NASDAQ:AIRO) COO John Uczekaj sold 7,230 shares of the business’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $7.10, for a total transaction of $51,333.00. Following the sale, the chief operating officer owned 214,342 shares in the company, valued at approximately $1,521,828.20. This trade represents a 3.26% decrease in their position. The sale was disclosed in a filing 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.

John Uczekaj also recently made the following trade(s):

• On Friday, August 14th, John Uczekaj sold 16,887 shares of AIRO Group stock. The stock was sold at an average price of $9.72, for a total transaction of $164,141.64.
• On Monday, July 6th, John Uczekaj sold 154 shares of AIRO Group stock. The stock was sold at an average price of $7.76, for a total transaction of $1,195.04.

AIRO Group Price Performance

NASDAQ AIRO traded up $0.32 during trading hours on Friday, reaching $7.40. 388,724 shares of the company’s stock traded hands, 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 firm has a 50-day simple moving average of $7.52 and a 200 day simple moving average of $8.17. The firm has a market cap of $233.54 million, a PE ratio of -8.92 and a beta of 2.02.

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

Hedge Funds Weigh In On AIRO Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in AIRO Group during the 2nd quarter valued at $9,609,000. Woodline Partners LP raised its stake in shares of AIRO Group by 41.0% in the third quarter. Woodline Partners LP now owns 2,753,067 shares of the company’s stock worth $52,859,000 after purchasing an additional 800,456 shares during the last quarter. Alyeska Investment Group L.P. bought a new position in shares of AIRO Group during the third quarter valued at $15,030,000. HighTower Advisors LLC lifted its holdings 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 valued at $5,449,000 after purchasing an additional 601,924 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of AIRO Group by 406.0% during the third quarter. Vanguard Group Inc. now owns 505,951 shares of the company’s stock valued at $9,714,000 after buying an additional 405,951 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on AIRO shares. Wall Street Zen raised AIRO Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. Mizuho dropped their target price on AIRO Group from $16.00 to $13.00 and set an “outperform” rating on the stock in a report on Tuesday, July 21st. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AIRO Group in a research report on Wednesday, August 26th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $17.33.

AIRO Group Company Profile

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.