Airship AI (NASDAQ:AISP) Shares Up 7.2% - Here's What Happened

Market Beat
2024.12.26 17:43
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Airship AI (NASDAQ:AISP) shares rose 7.2% to $5.94, with 2.18 million shares traded, down 20% from average volume. Benchmark maintained a "buy" rating with a $6.00 price target. Insiders own 57.90% of shares, with recent sales by CTO Yanda Ma. Institutional investors increased holdings, with Charles Schwab up 70.6%. Airship AI specializes in AI-driven surveillance technology. Despite a positive rating, it was not listed among top analyst recommendations for investment.

Airship AI Holdings, Inc. (NASDAQ:AISP - Get Free Report) traded up 7.2% on Thursday . The stock traded as high as $6.22 and last traded at $5.94. 2,177,096 shares changed hands during trading, a decline of 20% from the average session volume of 2,728,073 shares. The stock had previously closed at $5.54.

Analyst Ratings Changes

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Separately, Benchmark reiterated a "buy" rating and issued a $6.00 price objective on shares of Airship AI in a report on Tuesday, November 19th.

Get Our Latest Report on Airship AI

Airship AI Stock Performance

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The business's 50-day simple moving average is $2.92 and its 200 day simple moving average is $3.13.

Insiders Place Their Bets

In related news, CTO Yanda Ma sold 30,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $3.39, for a total value of $101,700.00. Following the transaction, the chief technology officer now owns 60,000 shares in the company, valued at approximately $203,400. This represents a 33.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 57.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Airship AI

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Institutional investors and hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its holdings in Airship AI by 70.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 29,507 shares of the company's stock valued at $68,000 after purchasing an additional 12,214 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Airship AI by 12.1% in the 3rd quarter. Geode Capital Management LLC now owns 199,701 shares of the company's stock worth $459,000 after acquiring an additional 21,616 shares during the period. Finally, State Street Corp lifted its holdings in Airship AI by 54.2% in the 3rd quarter. State Street Corp now owns 128,685 shares of the company's stock valued at $296,000 after acquiring an additional 45,247 shares during the last quarter. 5.89% of the stock is owned by institutional investors and hedge funds.

About Airship AI

(Get Free Report)

Airship AI Holdings, Inc offers AI-driven video, sensor, and data management surveillance platform in the United States. The company provides Airship Acropolis OS, an IP and analog video surveillance; Airship Command, a suite of visualization tools that allows users to view data and evidence ingested from the edge; and Airship Outpost for high-definition recording with user defined low-bit rate video stream encoding.

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