Airship AI (NASDAQ:AISP) Stock Price Up 1.4% – What’s Next?

Airship AI Holdings, Inc. (NASDAQ:AISP)’s share price rose 1.4% during mid-day trading on Monday . The stock traded as high as $2.93 and last traded at $2.80. Approximately 534,416 shares changed hands during trading, a decline of 24% from the average daily volume of 702,835 shares. The stock had previously closed at $2.76.

Analysts Set New Price Targets

AISP has been the subject of several analyst reports. Weiss Ratings lowered shares of Airship AI from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 11th. Roth Mkm set a $6.50 price target on shares of Airship AI in a report on Monday, April 27th. Wall Street Zen lowered shares of Airship AI from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Zacks Research lowered shares of Airship AI from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat, Airship AI currently has a consensus rating of “Sell” and a consensus target price of $6.50.

Airship AI Price Performance

The firm’s 50 day moving average price is $2.48 and its two-hundred day moving average price is $2.81.

Airship AI (NASDAQ:AISP) last released its quarterly earnings data on Friday, May 8th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.03). The firm had revenue of $6.35 million for the quarter, compared to the consensus estimate of $6.20 million. On average, analysts expect that Airship AI Holdings, Inc. will post -0.06 earnings per share for the current fiscal year.

Insider Buying and Selling at Airship AI

In related news, CEO Victor Huang acquired 40,000 shares of the stock in a transaction dated Friday, March 20th. The stock was bought at an average price of $2.24 per share, for a total transaction of $89,600.00. Following the purchase, the chief executive officer directly owned 4,012,567 shares of the company’s stock, valued at $8,988,150.08. The trade was a 1.01% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 46.80% of the stock is owned by corporate insiders.

Institutional Trading of Airship AI

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Airship AI by 18.2% in the 3rd quarter. Vanguard Group Inc. now owns 1,269,819 shares of the company’s stock valued at $6,565,000 after acquiring an additional 195,760 shares in the last quarter. Geode Capital Management LLC grew its position in Airship AI by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 498,501 shares of the company’s stock valued at $1,441,000 after purchasing an additional 23,013 shares during the period. State Street Corp grew its position in Airship AI by 6.8% in the 4th quarter. State Street Corp now owns 345,034 shares of the company’s stock valued at $997,000 after purchasing an additional 22,069 shares during the period. Nuveen LLC grew its position in Airship AI by 119.0% in the 4th quarter. Nuveen LLC now owns 330,509 shares of the company’s stock valued at $955,000 after purchasing an additional 179,580 shares during the period. Finally, Essex Investment Management Co. LLC grew its position in Airship AI by 3.7% in the 3rd quarter. Essex Investment Management Co. LLC now owns 320,202 shares of the company’s stock valued at $1,655,000 after purchasing an additional 11,410 shares during the period. 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. It serves government, public sector, law enforcement, military, and commercial enterprise organizations.