Arrington Capital Management LLC Buys New Position in SkyAI, Inc. Common Stock $SKYA

Arrington Capital Management LLC bought a new stake in SkyAI, Inc. Common Stock (NASDAQ:SKYA) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 923,076 shares of the company’s stock, valued at approximately $1,874,000. SkyAI, Inc. Common Stock makes up about 1.8% of Arrington Capital Management LLC’s holdings, making the stock its 13th largest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bank of America Corp DE grew its position in SkyAI, Inc. Common Stock by 98,825.0% in the 3rd quarter. Bank of America Corp DE now owns 7,914 shares of the company’s stock valued at $52,000 after buying an additional 7,906 shares in the last quarter. Aristides Capital LLC bought a new position in SkyAI, Inc. Common Stock in the 4th quarter valued at about $25,000. Price T Rowe Associates Inc. MD bought a new position in SkyAI, Inc. Common Stock in the 4th quarter valued at about $43,000. T3 Companies LLC bought a new position in SkyAI, Inc. Common Stock in the 4th quarter valued at about $68,000. Finally, Geode Capital Management LLC boosted its position in shares of SkyAI, Inc. Common Stock by 2,349.9% during the 4th quarter. Geode Capital Management LLC now owns 280,372 shares of the company’s stock valued at $569,000 after purchasing an additional 268,928 shares in the last quarter. Institutional investors own 17.17% of the company’s stock.

Analyst Upgrades and Downgrades

SKYA has been the subject of several research reports. Weiss Ratings restated a “sell (e+)” rating on shares of SkyAI, Inc. Common Stock in a research report on Tuesday, April 21st. Wall Street Zen lowered shares of SkyAI, Inc. Common Stock from a “hold” rating to a “sell” rating in a research report on Monday, May 18th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

SkyAI, Inc. Common Stock Trading Down 7.0%

NASDAQ:SKYA opened at $1.20 on Thursday. SkyAI, Inc. Common Stock has a twelve month low of $1.02 and a twelve month high of $18.23. The company has a 50-day moving average of $1.66 and a 200-day moving average of $1.91. The firm has a market cap of $50.78 million, a price-to-earnings ratio of -0.74 and a beta of 2.04.

SkyAI, Inc. Common Stock (NASDAQ:SKYA) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($1.19) earnings per share for the quarter. The firm had revenue of $0.19 million for the quarter.

SkyAI, Inc. Common Stock Company Profile

Sharps Technology (NASDAQ:STSS) is an insurtech company specializing in technology-enabled subrogation recovery services for property and casualty insurers. The company’s flagship platform combines process automation, data analytics and digital workflow tools to help carriers and third-party administrators identify, manage and recover funds from liable third parties. By streamlining the subrogation lifecycle—from claim intake through recovery—Sharps delivers greater transparency, faster turnaround times and improved recovery rates for its clients.

Since its initial public offering in late 2021, Sharps Technology has focused on expanding its presence across the United States.