AirJoule Technologies (NASDAQ:AIRJ) Chairman Buys $249,999.75 in Stock

AirJoule Technologies Corporation (NASDAQ:AIRJ) Chairman Patrick Eilers purchased 76,923 shares of AirJoule Technologies stock in a transaction on Thursday, January 15th. The stock was bought at an average cost of $3.25 per share, with a total value of $249,999.75. Following the completion of the acquisition, the chairman owned 1,860,518 shares in the company, valued at approximately $6,046,683.50. This trade represents a 4.31% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

AirJoule Technologies Stock Performance

Shares of NASDAQ:AIRJ traded up $0.11 on Tuesday, hitting $3.48. 208,818 shares of the company were exchanged, compared to its average volume of 602,123. The company’s 50 day moving average price is $3.66 and its two-hundred day moving average price is $4.43. The firm has a market capitalization of $210.86 million, a price-to-earnings ratio of -23.17 and a beta of 0.46. AirJoule Technologies Corporation has a one year low of $2.61 and a one year high of $9.31.

AirJoule Technologies (NASDAQ:AIRJ) last released its earnings results on Thursday, November 13th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.03. Research analysts predict that AirJoule Technologies Corporation will post 4.97 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of AIRJ. Wealthspire Advisors LLC bought a new stake in AirJoule Technologies during the 2nd quarter worth approximately $232,000. Belvedere Trading LLC acquired a new position in AirJoule Technologies in the second quarter worth $81,000. Vision Capital Management Inc. bought a new stake in shares of AirJoule Technologies during the second quarter worth $95,000. Goldman Sachs Group Inc. grew its holdings in AirJoule Technologies by 46.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 85,150 shares of the company’s stock worth $393,000 after acquiring an additional 26,995 shares during the last quarter. Finally, Corton Capital Inc. acquired a new stake in shares of AirJoule Technologies in the second quarter valued at approximately $48,000. Institutional investors own 63.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Lucid Cap Mkts raised AirJoule Technologies to a “strong-buy” rating in a research report on Monday, December 22nd. Weiss Ratings restated a “sell (e+)” rating on shares of AirJoule Technologies in a research note on Monday, December 29th. UBS Group set a $7.00 price objective on shares of AirJoule Technologies in a report on Monday, December 22nd. Finally, LADENBURG THALM/SH SH assumed coverage on AirJoule Technologies in a report on Tuesday, December 16th. They set a “buy” rating and a $8.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $9.50.

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.