Airship AI (NASDAQ:AISP) Trading Down 7% - Here's Why

Airship AI Holdings, Inc. (NASDAQ:AISP) saw its shares drop by 7% during trading on Thursday. The stock reached a low of $4.24 before closing at $4.55. Throughout midday trading, about 2,795,103 shares exchanged hands, marking a 19% decrease compared to the average daily volume of 3,446,944 shares. The previous closing price was $4.89.

Analyst Ratings

In a recent research report, Benchmark reaffirmed a "buy" rating for Airship AI and set a target price of $6.00 for the shares. This assessment was published on Tuesday, November 19th.

Stock Performance Overview

The current 50-day simple moving average for the stock stands at $3.66, while the two-hundred-day simple moving average is $3.23.

Insider Transactions

In related news, Chief Technology Officer Yanda Ma sold 60,000 shares at an average price of $6.45 on December 30, resulting in total earnings of $387,000. Additionally, Chief Financial Officer Mark E. Scott sold 22,000 shares at an average price of $6.25 on December 31, amounting to $137,500. These transactions have been detailed in filings with the Securities and Exchange Commission. Over the past ninety days, insiders have sold a total of 142,000 shares for $721,600, and insiders currently hold 57.90% of the company's shares.

Institutional Investor Activity

Several large investors have recently adjusted their positions in Airship AI. Geode Capital Management LLC increased its stake by 12.1%, acquiring an additional 21,616 shares to reach a total of 199,701 shares valued at $459,000. State Street Corp saw a 54.2% increase in its holdings, now owning 128,685 shares worth $296,000 after purchasing 45,247 shares. Charles Schwab Investment Management Inc. grew its shareholding by 70.6%, totaling 29,507 shares valued at $68,000. Meanwhile, JPMorgan Chase & Co. made a significant increase of 1,982.9% in its position, now owning 27,411 shares worth $63,000. In total, institutional investors own 5.89% of Airship AI's stock.

Company Overview

Airship AI Holdings, Inc. provides an AI-driven platform focused on video, sensor, and data management surveillance in the United States. Their services include Airship Acropolis OS for IP and analog video surveillance, Airship Command, which offers visualization tools for data analysis, and Airship Outpost, known for high-definition recording with customizable low-bit rate video stream encoding.

stocks, trading, performance