AIAI (NASDAQ:AIAI) Director Purchases 42,857 Shares of Stock

AIAI Holdings Corp (NASDAQ:AIAI) Director Eric Affeldt bought 42,857 shares of the company’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was bought at an average price of $3.50 per share, for a total transaction of $149,999.50. Following the acquisition, the director directly owned 47,857 shares of the company’s stock, valued at $167,499.50. The trade was a 857.14% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Eric Affeldt also recently made the following trade(s):

• On Wednesday, August 19th, Eric Affeldt bought 5,000 shares of AIAI stock. The shares were bought at an average price of $5.96 per share, with a total value of $29,800.00.

AIAI Price Performance

Shares of NASDAQ AIAI traded down $0.23 during midday trading on Wednesday, hitting $3.27. 250,488 shares of the stock traded hands, compared to its average volume of 510,980. AIAI Holdings Corp has a one year low of $3.03 and a one year high of $19.57. The stock has a 50-day moving average price of $4.81.

AIAI (NASDAQ:AIAI) last posted its quarterly earnings data on Friday, August 14th. The company reported ($0.59) EPS for the quarter. The company had revenue of $58.28 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings initiated coverage on shares of AIAI in a research note on Tuesday, August 11th. They issued a “sell (e-)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

About AIAI

AIAI was formed for the purpose of creating an AI-powered ecosystem through acquiring and scaling companies that have high potential for increased operating results through the integration of our Artificial Intelligence, or AI into their operations. We are not simply an investment vehicle—we seek to improve the operating performance of our subsidiaries through the application of our proprietary AI. The AI that we will apply to the companies that we acquire will be licensed to us by Messier 42 LLC, or M42, a company controlled by our founder, John P.