Airship AI (NASDAQ:AISP) Shares Up 8.5% – Still a Buy?

Airship AI Holdings, Inc. (NASDAQ:AISPGet Free Report)’s stock price shot up 8.5% during trading on Wednesday . The stock traded as high as $2.36 and last traded at $2.30. 802,616 shares were traded during trading, a decline of 70% from the average session volume of 2,711,169 shares. The stock had previously closed at $2.12.

Airship AI Stock Performance

The company’s 50 day moving average is $2.35 and its 200 day moving average is $3.63.

Airship AI (NASDAQ:AISPGet Free Report) last released its earnings results on Wednesday, August 14th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. The company had revenue of $6.40 million for the quarter, compared to analyst estimates of $5.40 million.

Insider Activity

In other news, President Paul M. Allen sold 30,000 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $3.40, for a total value of $102,000.00. Following the completion of the transaction, the president now owns 70,000 shares in the company, valued at approximately $238,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 15.15% of the company’s stock.

Hedge Funds Weigh In On Airship AI

A hedge fund recently bought a new stake in Airship AI stock. Virtu Financial LLC acquired a new stake in Airship AI Holdings, Inc. (NASDAQ:AISPFree Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 22,379 shares of the company’s stock, valued at approximately $147,000. Virtu Financial LLC owned approximately 0.10% of Airship AI as of its most recent filing with the SEC. 5.89% of the stock is currently owned by institutional investors.

Airship AI Company Profile

(Get Free Report)

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.

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