Insider Selling: AIRO Group (NASDAQ:AIRO) CFO Sells 30,028 Shares

AIRO Group Holdings, Inc. (NASDAQ:AIRO) CFO Mariya Pylypiv sold 30,028 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $7.66, for a total transaction of $230,014.48. Following the completion of the transaction, the chief financial officer owned 80,188 shares in the company, valued at $614,240.08. The trade was a 27.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

AIRO Group Stock Performance

Shares of NASDAQ AIRO traded up $0.47 during midday trading on Thursday, reaching $7.99. 552,120 shares of the stock were exchanged, compared to its average volume of 611,615. The stock has a market capitalization of $251.29 million and a P/E ratio of -17.00. The company has a 50 day simple moving average of $7.87 and a 200 day simple moving average of $9.17. AIRO Group Holdings, Inc. has a twelve month low of $5.71 and a twelve month high of $29.20.

AIRO Group (NASDAQ:AIRO) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.49) EPS for the quarter. AIRO Group had a negative net margin of 19.98% and a negative return on equity of 2.44%. The business had revenue of $8.90 million during the quarter. On average, research analysts expect that AIRO Group Holdings, Inc. will post -0.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AIRO shares. Weiss Ratings reissued a “sell (e+)” rating on shares of AIRO Group in a research report on Friday, May 29th. Zacks Research raised shares of AIRO Group to a “hold” rating in a research note on Wednesday, April 15th. Wall Street Zen upgraded shares of AIRO Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 13th. Finally, BTIG Research reissued a “neutral” rating on shares of AIRO Group in a research note on Wednesday, April 8th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $19.67.

Institutional Investors Weigh In On AIRO Group

A number of institutional investors have recently modified their holdings of AIRO. Geode Capital Management LLC purchased a new stake in shares of AIRO Group in the 2nd quarter valued at $355,000. Creative Planning purchased a new position in AIRO Group during the 2nd quarter valued at about $217,000. Norges Bank purchased a new position in AIRO Group during the 2nd quarter valued at about $481,000. WINTON GROUP Ltd acquired a new position in AIRO Group in the 2nd quarter valued at about $298,000. Finally, Raymond James Financial Inc. acquired a new position in AIRO Group in the 2nd quarter valued at about $43,000.

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.