AirJoule Technologies (NASDAQ:AIRJ) Insider Sells $24,738.00 in Stock

AirJoule Technologies Corporation (NASDAQ:AIRJ) insider Chad Macdonald sold 5,320 shares of AirJoule Technologies stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $4.65, for a total transaction of $24,738.00. Following the sale, the insider owned 46,067 shares in the company, valued at approximately $214,211.55. This represents a 10.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Chad Macdonald also recently made the following trade(s):

• On Tuesday, June 9th, Chad Macdonald sold 1,987 shares of AirJoule Technologies stock. The stock was sold at an average price of $4.50, for a total transaction of $8,941.50.

AirJoule Technologies Price Performance

NASDAQ:AIRJ opened at $4.19 on Friday. The firm’s 50 day simple moving average is $3.73 and its 200 day simple moving average is $3.50. AirJoule Technologies Corporation has a one year low of $2.22 and a one year high of $6.75. The company has a market cap of $286.81 million, a PE ratio of -3.68 and a beta of 0.88.

AirJoule Technologies (NASDAQ:AIRJ) last posted its earnings results on Thursday, May 14th. The company reported ($0.74) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.68). Equities research analysts expect that AirJoule Technologies Corporation will post -0.14 EPS for the current year.

Hedge Funds Weigh In On AirJoule Technologies

Several institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its position in shares of AirJoule Technologies by 16.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 24,113 shares of the company’s stock valued at $95,000 after acquiring an additional 3,323 shares during the period. Barclays PLC lifted its position in shares of AirJoule Technologies by 11.1% during the 4th quarter. Barclays PLC now owns 37,506 shares of the company’s stock valued at $148,000 after acquiring an additional 3,760 shares during the period. Private Advisor Group LLC lifted its position in shares of AirJoule Technologies by 15.7% during the 1st quarter. Private Advisor Group LLC now owns 29,500 shares of the company’s stock valued at $74,000 after acquiring an additional 4,000 shares during the period. Group One Trading LLC lifted its position in shares of AirJoule Technologies by 45.6% during the 3rd quarter. Group One Trading LLC now owns 13,100 shares of the company’s stock valued at $61,000 after acquiring an additional 4,100 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of AirJoule Technologies during the 2nd quarter valued at $31,000. 63.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on AIRJ shares. Weiss Ratings upgraded shares of AirJoule Technologies from a “sell (e+)” rating to a “sell (d)” rating in a research report on Monday, May 18th. Seaport Research Partners started coverage on shares of AirJoule Technologies in a research report on Friday, May 8th. They issued a “buy” rating and a $7.00 price target on the stock. HC Wainwright restated a “buy” rating and issued a $12.00 price target on shares of AirJoule Technologies in a research report on Monday, May 18th. Finally, B. Riley Financial started coverage on shares of AirJoule Technologies in a research report on Thursday, April 30th. They issued a “buy” rating and a $6.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $8.25.

AirJoule Technologies Company Profile

Montana Technologies Corporation operates as an atmospheric renewable energy and water harvesting technology company. It provides energy and dehumidification, evaporative cooling, and atmospheric water generation through its AirJoule technology. The company is headquartered in Ronan, Montana.