Insider Buying: AirJoule Technologies (NASDAQ:AIRJ) Director Purchases $50,050.00 in Stock

AirJoule Technologies Corporation (NASDAQ:AIRJ) Director Thomas Edward Murphy purchased 17,500 shares of the stock in a transaction on Wednesday, December 10th. The stock was acquired at an average price of $2.86 per share, for a total transaction of $50,050.00. Following the completion of the purchase, the director directly owned 17,500 shares in the company, valued at approximately $50,050. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Thomas Edward Murphy also recently made the following trade(s):

• On Friday, December 12th, Thomas Edward Murphy acquired 14,450 shares of AirJoule Technologies stock. The shares were acquired at an average price of $3.40 per share, with a total value of $49,130.00.

AirJoule Technologies Price Performance

Shares of NASDAQ AIRJ opened at $3.37 on Monday. The business has a 50-day moving average of $4.40 and a 200-day moving average of $4.54. The stock has a market capitalization of $204.49 million, a price-to-earnings ratio of -22.47 and a beta of 0.49. AirJoule Technologies Corporation has a fifty-two week low of $2.61 and a fifty-two week high of $11.60.

AirJoule Technologies (NASDAQ:AIRJ) last issued its quarterly earnings results on Thursday, November 13th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.03. On average, sell-side analysts expect that AirJoule Technologies Corporation will post 4.97 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of AirJoule Technologies in a research note on Monday, December 8th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, AirJoule Technologies has a consensus rating of “Hold” and a consensus target price of $11.50.

Institutional Trading of AirJoule Technologies

A number of hedge funds have recently made changes to their positions in AIRJ. Group One Trading LLC lifted its holdings in AirJoule Technologies by 45.6% during the 3rd quarter. Group One Trading LLC now owns 13,100 shares of the company’s stock valued at $61,000 after purchasing an additional 4,100 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new position in shares of AirJoule Technologies in the second quarter valued at about $29,000. Nisa Investment Advisors LLC bought a new stake in shares of AirJoule Technologies during the 2nd quarter worth about $29,000. Raymond James Financial Inc. bought a new stake in shares of AirJoule Technologies during the 2nd quarter worth about $31,000. Finally, UBS Group AG grew its stake in AirJoule Technologies by 5.6% in the 3rd quarter. UBS Group AG now owns 138,678 shares of the company’s stock valued at $650,000 after buying an additional 7,374 shares during the last quarter. 63.65% of the stock is owned by institutional investors and hedge funds.

About AirJoule Technologies

Montana Technologies Corporation operates as an atmospheric renewable energy and water harvesting technology company. It provides energy and dehumidification, evaporative cooling, and atmospheric water generation through its AirJoule technology. The company is headquartered in Ronan, Montana.