Airship AI (NASDAQ:AISP) President Acquires $274,000.00 in Stock

Airship AI Holdings, Inc. (NASDAQ:AISP) President Paul Allen purchased 100,000 shares of the company’s stock in a transaction that occurred on Monday, December 29th. The shares were acquired at an average cost of $2.74 per share, for a total transaction of $274,000.00. Following the completion of the transaction, the president directly owned 151,948 shares of the company’s stock, valued at $416,337.52. This trade represents a 192.50% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Airship AI Trading Up 14.7%

NASDAQ AISP traded up $0.41 during trading on Tuesday, reaching $3.17. 1,704,430 shares of the company’s stock were exchanged, compared to its average volume of 1,173,630. Airship AI Holdings, Inc. has a fifty-two week low of $2.71 and a fifty-two week high of $7.66. The company’s fifty day simple moving average is $3.69 and its 200-day simple moving average is $4.69. The firm has a market capitalization of $101.00 million, a PE ratio of -1.58 and a beta of 0.32.

Airship AI (NASDAQ:AISP) last posted its quarterly earnings results on Friday, November 14th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.13. The company had revenue of $1.18 million during the quarter, compared to analysts’ expectations of $8.30 million. Equities analysts forecast that Airship AI Holdings, Inc. will post 1.71 EPS for the current fiscal year.

Hedge Funds Weigh In On Airship AI

Hedge funds have recently bought and sold shares of the business. Police & Firemen s Retirement System of New Jersey acquired a new position in Airship AI during the 2nd quarter valued at $30,000. Quarry LP bought a new position in shares of Airship AI during the 3rd quarter worth about $31,000. JPMorgan Chase & Co. raised its position in shares of Airship AI by 90.9% during the second quarter. JPMorgan Chase & Co. now owns 9,567 shares of the company’s stock valued at $56,000 after buying an additional 4,556 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Airship AI by 150.5% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,932 shares of the company’s stock valued at $64,000 after buying an additional 6,568 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Airship AI in the second quarter valued at about $70,000. 5.89% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AISP. Weiss Ratings restated a “sell (d-)” rating on shares of Airship AI in a report on Wednesday, October 8th. Wall Street Zen upgraded Airship AI from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Finally, Roth Capital set a $8.00 target price on Airship AI in a research report on Monday, December 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell” and an average target price of $8.00.

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.