AIRO Group (NASDAQ:AIRO) CFO Mariya Pylypiv Sells 8,697 Shares of Stock

AIRO Group Holdings, Inc. (NASDAQ:AIRO) CFO Mariya Pylypiv sold 8,697 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $7.08, for a total transaction of $61,574.76. Following the completion of the sale, the chief financial officer owned 267,333 shares in the company, valued at $1,892,717.64. The trade was a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Mariya Pylypiv also recently made the following trade(s):

• On Wednesday, June 17th, Mariya Pylypiv sold 30,028 shares of AIRO Group stock. The shares were sold at an average price of $7.66, for a total transaction of $230,014.48.

AIRO Group Stock Performance

Shares of NASDAQ:AIRO opened at $7.40 on Friday. The stock has a market capitalization of $233.51 million, a price-to-earnings ratio of -8.92 and a beta of 2.02. AIRO Group Holdings, Inc. has a 1-year low of $5.71 and a 1-year high of $22.47. The company has a 50 day moving average price of $7.53 and a 200 day moving average price of $8.17.

AIRO Group (NASDAQ:AIRO) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.06) earnings per share (EPS) for the quarter. AIRO Group had a negative net margin of 23.86% and a negative return on equity of 3.48%. The company had revenue of $43.18 million during the quarter. On average, sell-side analysts expect that AIRO Group Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AIRO shares. Mizuho cut their target price on AIRO Group from $16.00 to $13.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 21st. Wall Street Zen upgraded AIRO Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of AIRO Group in a research note on Wednesday, August 26th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $17.33.

Hedge Funds Weigh In On AIRO Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AIRO. Leonteq Securities AG purchased a new position in AIRO Group during the 4th quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of AIRO Group in the fourth quarter worth $30,000. Raymond James Financial Inc. acquired a new stake in shares of AIRO Group in the second quarter worth $43,000. New York State Common Retirement Fund purchased a new position in shares of AIRO Group during the fourth quarter valued at $43,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of AIRO Group during the third quarter valued at $54,000.

AIRO Group Company Profile

We are a technologically differentiated aerospace, autonomy, and air mobility platform targeting 21st century aerospace and defense opportunities. We leverage decades of industry expertise and connections across the drone, aviation, and avionics markets to provide leading solutions to the aerospace and defense market. We offer connected and diversified solutions providing operational synergies across our segments and are powered by an international footprint as well as supplier and public sector relationships.