Airship AI (NASDAQ:AISP) Trading Down 4.9% – Time to Sell?

Airship AI Holdings, Inc. (NASDAQ:AISP)’s share price dropped 4.9% during trading on Friday . The stock traded as low as $5.18 and last traded at $5.48. Approximately 3,838,211 shares were traded during trading, an increase of 40% from the average daily volume of 2,746,438 shares. The stock had previously closed at $5.76.

Wall Street Analyst Weigh In

Separately, Benchmark restated a “buy” rating and set a $6.00 target price on shares of Airship AI in a report on Tuesday, November 19th.

Airship AI Price Performance

The business has a 50-day moving average price of $3.07 and a 200 day moving average price of $3.15.

Insiders Place Their Bets

In other Airship AI news, CTO Yanda Ma sold 30,000 shares of Airship AI stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $3.39, for a total value of $101,700.00. Following the completion of the transaction, the chief technology officer now directly owns 60,000 shares of the company’s stock, valued at approximately $203,400. The trade was a 33.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 57.90% of the company’s stock.

Institutional Investors Weigh In On Airship AI

Several institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in Airship AI by 1,982.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,411 shares of the company’s stock valued at $63,000 after purchasing an additional 26,095 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Airship AI by 12.1% during the third quarter. Geode Capital Management LLC now owns 199,701 shares of the company’s stock valued at $459,000 after purchasing an additional 21,616 shares in the last quarter. State Street Corp boosted its position in shares of Airship AI by 54.2% during the third quarter. State Street Corp now owns 128,685 shares of the company’s stock valued at $296,000 after buying an additional 45,247 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Airship AI by 70.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 29,507 shares of the company’s stock worth $68,000 after buying an additional 12,214 shares in the last quarter. Institutional investors own 5.89% of the company’s stock.

About Airship AI

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.