Insider Selling: AIRO Group (NASDAQ:AIRO) COO Sells $51,333.00 in Stock

AIRO Group Holdings, Inc. (NASDAQ:AIRO) COO John Uczekaj sold 7,230 shares of the business’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $7.10, for a total value of $51,333.00. Following the completion of the transaction, the chief operating officer owned 214,342 shares of the company’s stock, valued at $1,521,828.20. This trade represents a 3.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

John Uczekaj also recently made the following trade(s):

• On Friday, August 14th, John Uczekaj sold 16,887 shares of AIRO Group stock. The stock was sold at an average price of $9.72, for a total value of $164,141.64.
• On Monday, July 6th, John Uczekaj sold 154 shares of AIRO Group stock. The shares were sold at an average price of $7.76, for a total value of $1,195.04.

AIRO Group Price Performance

Shares of NASDAQ:AIRO opened at $7.40 on Monday. The company has a market cap of $233.54 million, a P/E ratio of -8.92 and a beta of 2.02. The business has a fifty day simple moving average of $7.53 and a 200-day simple moving average of $8.16. AIRO Group Holdings, Inc. has a 52 week low of $5.71 and a 52 week high of $22.47.

AIRO Group (NASDAQ:AIRO) last released its earnings results on Thursday, August 13th. The company reported ($0.06) earnings per share for the quarter. AIRO Group had a negative return on equity of 3.48% and a negative net margin of 23.86%.The business had revenue of $43.18 million for the quarter. Sell-side analysts expect that AIRO Group Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AIRO Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Woodline Partners LP increased its position in AIRO Group by 41.0% during the 3rd quarter. Woodline Partners LP now owns 2,753,067 shares of the company’s stock worth $52,859,000 after purchasing an additional 800,456 shares in the last quarter. BlackRock Inc. purchased a new stake in AIRO Group during the second quarter worth approximately $9,609,000. Alyeska Investment Group L.P. purchased a new stake in AIRO Group during the third quarter worth approximately $15,030,000. HighTower Advisors LLC increased its position in shares of AIRO Group by 936.8% in the fourth quarter. HighTower Advisors LLC now owns 666,176 shares of the company’s stock worth $5,449,000 after acquiring an additional 601,924 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of AIRO Group by 406.0% in the 3rd quarter. Vanguard Group Inc. now owns 505,951 shares of the company’s stock valued at $9,714,000 after acquiring an additional 405,951 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Mizuho dropped their price target on shares of AIRO Group from $16.00 to $13.00 and set an “outperform” rating for the company in a research report on Tuesday, July 21st. Wall Street Zen upgraded shares of AIRO Group from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of AIRO Group in a research note on Wednesday, August 26th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $17.33.

About AIRO Group

We are a technologically differentiated aerospace, autonomy, and air mobility platform targeting 21st century aerospace and defense opportunities. We leverage decades of industry expertise and connections across the drone, aviation, and avionics markets to provide leading solutions to the aerospace and defense market. We offer connected and diversified solutions providing operational synergies across our segments and are powered by an international footprint as well as supplier and public sector relationships.