Andrew Ross Camden Sells 100,000 Shares of Unusual Machines (NYSEAMERICAN:UMAC) Stock

Unusual Machines, Inc. (NYSEAMERICAN:UMAC) President Andrew Ross Camden sold 100,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $30.05, for a total transaction of $3,005,000.00. Following the completion of the sale, the president owned 246,750 shares in the company, valued at approximately $7,414,837.50. This trade represents a 28.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Andrew Ross Camden also recently made the following trade(s):

• On Monday, March 16th, Andrew Ross Camden sold 9,625 shares of Unusual Machines stock. The shares were sold at an average price of $18.57, for a total transaction of $178,736.25.

Unusual Machines Stock Performance

Shares of Unusual Machines stock traded down $5.60 during trading on Friday, reaching $26.70. The company had a trading volume of 7,806,639 shares, compared to its average volume of 5,208,993. Unusual Machines, Inc. has a fifty-two week low of $6.61 and a fifty-two week high of $34.36. The firm’s fifty day moving average is $16.44 and its 200-day moving average is $14.53. The company has a market cap of $1.28 billion, a price-to-earnings ratio of -63.57 and a beta of 14.62.

Unusual Machines (NYSEAMERICAN:UMAC) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.15). Unusual Machines had a negative net margin of 32.71% and a negative return on equity of 11.83%. The business had revenue of $8.10 million for the quarter, compared to the consensus estimate of $5.54 million. On average, research analysts anticipate that Unusual Machines, Inc. will post -0.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp grew its position in Unusual Machines by 67.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 3,017 shares of the company’s stock worth $46,000 after purchasing an additional 1,218 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in Unusual Machines by 22.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 11,652 shares of the company’s stock worth $148,000 after purchasing an additional 2,116 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in Unusual Machines by 54.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 6,169 shares of the company’s stock worth $79,000 after purchasing an additional 2,169 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in Unusual Machines in the 3rd quarter worth about $38,000. Finally, Wexford Capital LP bought a new position in Unusual Machines in the 3rd quarter worth about $40,000.

Analyst Upgrades and Downgrades

UMAC has been the subject of a number of recent research reports. Needham & Company LLC boosted their price objective on shares of Unusual Machines from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Roth Mkm boosted their price objective on shares of Unusual Machines to $40.00 and gave the company a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Unusual Machines currently has a consensus rating of “Buy” and an average price target of $27.33.

About Unusual Machines

Unusual Machines, Inc designs, manufactures, and sells ultra-low latency video goggles for drone pilots. It operates a drone-focused e-commerce marketplace. The company serves drone pilots, hobbyists, and recreational services. The company was formerly known as AerocarveUS Corporation and changed its name to Unusual Machines, Inc in July 2022. Unusual Machines, Inc was incorporated in 2019 and is based in Orlando, Florida.