AirSculpt Technologies (NASDAQ:AIRS) Major Shareholder Acquires $110,800.00 in Stock

AirSculpt Technologies, Inc. (NASDAQ:AIRS) major shareholder Jorey Chernett bought 40,000 shares of the business’s stock in a transaction on Friday, March 20th. The shares were acquired at an average price of $2.77 per share, for a total transaction of $110,800.00. Following the completion of the purchase, the insider owned 6,793,761 shares in the company, valued at approximately $18,818,717.97. The trade was a 0.59% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Jorey Chernett also recently made the following trade(s):

• On Monday, March 23rd, Jorey Chernett purchased 50,000 shares of AirSculpt Technologies stock. The stock was acquired at an average price of $2.91 per share, with a total value of $145,500.00.
• On Thursday, March 19th, Jorey Chernett purchased 77,702 shares of AirSculpt Technologies stock. The shares were acquired at an average cost of $2.64 per share, for a total transaction of $205,133.28.
• On Tuesday, March 17th, Jorey Chernett acquired 83,000 shares of AirSculpt Technologies stock. The shares were acquired at an average cost of $2.56 per share, for a total transaction of $212,480.00.
• On Monday, March 16th, Jorey Chernett acquired 105,848 shares of AirSculpt Technologies stock. The stock was acquired at an average price of $2.43 per share, with a total value of $257,210.64.
• On Wednesday, March 11th, Jorey Chernett bought 88,000 shares of AirSculpt Technologies stock. The stock was acquired at an average cost of $2.15 per share, with a total value of $189,200.00.
• On Friday, March 6th, Jorey Chernett bought 45,600 shares of AirSculpt Technologies stock. The stock was acquired at an average cost of $2.00 per share, with a total value of $91,200.00.
• On Wednesday, March 4th, Jorey Chernett bought 30,000 shares of AirSculpt Technologies stock. The shares were bought at an average price of $1.87 per share, for a total transaction of $56,100.00.
• On Tuesday, March 3rd, Jorey Chernett purchased 80,000 shares of AirSculpt Technologies stock. The shares were bought at an average cost of $1.71 per share, for a total transaction of $136,800.00.

AirSculpt Technologies Stock Performance

Shares of AIRS stock opened at $3.05 on Thursday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.63. The company has a 50 day moving average price of $2.30 and a 200-day moving average price of $4.50. AirSculpt Technologies, Inc. has a 52 week low of $1.51 and a 52 week high of $12.00. The firm has a market capitalization of $190.44 million, a PE ratio of -10.17 and a beta of 2.75.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Invesco Ltd. bought a new stake in shares of AirSculpt Technologies during the 1st quarter valued at about $56,000. Creative Planning lifted its stake in shares of AirSculpt Technologies by 32.2% in the 2nd quarter. Creative Planning now owns 13,225 shares of the company’s stock worth $64,000 after purchasing an additional 3,224 shares during the period. XTX Topco Ltd boosted its holdings in shares of AirSculpt Technologies by 54.2% in the second quarter. XTX Topco Ltd now owns 45,485 shares of the company’s stock worth $220,000 after buying an additional 15,979 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of AirSculpt Technologies in the second quarter worth approximately $78,000. Finally, WINTON GROUP Ltd bought a new stake in AirSculpt Technologies during the second quarter valued at approximately $106,000. 91.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AirSculpt Technologies in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $6.00.

About AirSculpt Technologies

AirSculpt Technologies, Inc (NASDAQ: AIRS) is a medical technology company specializing in minimally invasive body contouring. The company’s flagship AirSculpt® platform combines pneumatic power with precision microcannulas to deliver fat removal, transfer and sculpting procedures. AirSculpt Technologies partners with both company-owned and franchised cosmetic surgery practices to offer a streamlined, office-based alternative to traditional liposuction.

Through its proprietary system, AirSculpt Technologies provides both consumers and medical professionals with an integrated solution that emphasizes reduced downtime, smaller incision sites, and more predictable outcomes.