AirJoule Technologies (NASDAQ:AIRJ) CEO Matthew Jore Purchases 7,692 Shares of Stock

AirJoule Technologies Corporation (NASDAQ:AIRJ) CEO Matthew Jore purchased 7,692 shares of the stock in a transaction that occurred on Thursday, January 15th. The stock was acquired at an average cost of $3.25 per share, for a total transaction of $24,999.00. Following the completion of the acquisition, the chief executive officer owned 7,718,123 shares in the company, valued at $25,083,899.75. This represents a 0.10% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

AirJoule Technologies Price Performance

AIRJ stock opened at $3.31 on Wednesday. AirJoule Technologies Corporation has a 1-year low of $2.61 and a 1-year high of $9.31. The business has a 50 day simple moving average of $3.63 and a two-hundred day simple moving average of $4.42. The company has a market capitalization of $200.85 million, a price-to-earnings ratio of -22.07 and a beta of 0.46.

AirJoule Technologies (NASDAQ:AIRJ) last released its earnings results on Thursday, November 13th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.03. Sell-side analysts anticipate that AirJoule Technologies Corporation will post 4.97 EPS for the current fiscal year.

Institutional Investors Weigh In On AirJoule Technologies

Large investors have recently added to or reduced their stakes in the stock. Police & Firemen s Retirement System of New Jersey purchased a new stake in AirJoule Technologies during the second quarter valued at approximately $29,000. Nisa Investment Advisors LLC purchased a new stake in AirJoule Technologies during the 2nd quarter valued at $29,000. Raymond James Financial Inc. purchased a new stake in AirJoule Technologies during the 2nd quarter valued at $31,000. Group One Trading LLC bought a new stake in AirJoule Technologies in the second quarter worth $42,000. Finally, Corton Capital Inc. purchased a new position in AirJoule Technologies during the second quarter worth $48,000. 63.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on AIRJ shares. Lucid Cap Mkts upgraded AirJoule Technologies to a “strong-buy” rating in a research report on Monday, December 22nd. UBS Group set a $7.00 price target on AirJoule Technologies in a research note on Monday, December 22nd. Weiss Ratings restated a “sell (e+)” rating on shares of AirJoule Technologies in a report on Monday, December 29th. Finally, LADENBURG THALM/SH SH assumed coverage on AirJoule Technologies in a report on Tuesday, December 16th. They set a “buy” rating and a $8.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $9.50.

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.