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

On Thursday, shares of Airship AI Holdings, Inc. (NASDAQ:AISP) experienced a notable decline of 7%. The stock hit a low of $4.24 and was seen last trading at $4.55. During the day, about 2,795,103 shares changed hands, which marks a 19% decrease from the average daily trading volume of 3,446,944 shares. The previous closing price for the stock was $4.89.

Analyst Upgrades and Downgrades

In recent news, Benchmark reaffirmed a "buy" rating for Airship AI, setting a target price of $6.00 on the shares in a research report issued on Tuesday, November 19th.

Airship AI Price Performance

The company’s stock has shown a 50-day simple moving average at $3.66 and a 200-day simple moving average at $3.23, highlighting its performance trends over time.

Insider Buying and Selling at Airship AI

On another note, there have been significant insider transactions. CTO Yanda Ma sold 60,000 shares on December 30th at an average price of $6.45, totaling $387,000. Similarly, CFO Mark E. Scott sold 22,000 shares on December 31st at an average price of $6.25, bringing in $137,500. In the last three months, insiders have sold 142,000 shares worth about $721,600, and insiders currently hold 57.90% of the total stock.

Institutional Trading of Airship AI

Several large institutional investors have also adjusted their positions in Airship AI. Notably, Geode Capital Management LLC raised its holdings by 12.1% during the third quarter, now owning 199,701 shares valued at approximately $459,000. State Street Corp increased its interest by 54.2%, owning 128,685 shares currently worth $296,000. Furthermore, Charles Schwab Investment Management Inc. boosted its holdings by 70.6%, now holding 29,507 shares valued at $68,000. Lastly, JPMorgan Chase & Co. saw a massive growth in its holdings, increasing by 1,982.9%, now owning 27,411 shares worth $63,000. Overall, institutional investors own 5.89% of the company’s stock.

About Airship AI

Airship AI Holdings, Inc. focuses on providing AI-driven solutions for video surveillance, data management, and sensor operations in the United States. Its offerings include Airship Acropolis OS for video surveillance, Airship Command for data visualization, and Airship Outpost for high-definition recording solutions.

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