VisionWave (NASDAQ:VWAV) Major Shareholder Internacional Argentina Magic Sells 2,080 Shares

VisionWave Holdings Inc (NASDAQ:VWAV) major shareholder Internacional Argentina Magic sold 2,080 shares of the business’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $9.00, for a total value of $18,720.00. Following the sale, the insider owned 2,006,220 shares in the company, valued at approximately $18,055,980. The trade was a 0.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Internacional Argentina Magic also recently made the following trade(s):

• On Tuesday, February 10th, Internacional Argentina Magic sold 12,200 shares of VisionWave stock. The stock was sold at an average price of $9.58, for a total transaction of $116,876.00.

VisionWave Trading Down 3.8%

Shares of NASDAQ:VWAV traded down $0.32 during mid-day trading on Thursday, hitting $8.04. The stock had a trading volume of 209,846 shares, compared to its average volume of 413,359. The firm’s 50 day simple moving average is $10.17. VisionWave Holdings Inc has a 12-month low of $2.06 and a 12-month high of $15.80. The stock has a market capitalization of $132.82 million, a P/E ratio of -47.29 and a beta of 0.18.

VisionWave (NASDAQ:VWAV) last issued its earnings results on Friday, October 3rd. The company reported ($0.15) EPS for the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of VWAV. Yorkville Advisors Global LP bought a new position in shares of VisionWave during the 3rd quarter valued at $1,906,000. Geode Capital Management LLC increased its position in VisionWave by 22.9% during the fourth quarter. Geode Capital Management LLC now owns 61,792 shares of the company’s stock worth $573,000 after buying an additional 11,533 shares during the last quarter. Finally, CIBC Private Wealth Group LLC acquired a new position in VisionWave during the fourth quarter worth $93,000. Institutional investors and hedge funds own 51.36% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of VisionWave in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, VisionWave currently has a consensus rating of “Sell”.

About VisionWave

VisionWave Technologies Inc is a defense development company focused on integrating advanced artificial intelligence and autonomous solutions across air, ground and sea domains. VisionWave Technologies Inc, formerly known as Bannix Acquisition Corp., is based in WILMINGTON, Del.