Victor Huang Purchases 40,000 Shares of Airship AI (NASDAQ:AISP) Stock

Airship AI Holdings, Inc. (NASDAQ:AISP) CEO Victor Huang bought 40,000 shares of the business’s stock in a transaction dated Friday, March 20th. The stock was bought at an average cost of $2.24 per share, for a total transaction of $89,600.00. Following the completion of the purchase, the chief executive officer owned 4,012,567 shares of the company’s stock, valued at approximately $8,988,150.08. The trade was a 1.01% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Airship AI Price Performance

Shares of NASDAQ:AISP opened at $2.25 on Wednesday. The business has a fifty day moving average price of $2.86 and a 200-day moving average price of $3.73. The company has a market capitalization of $77.33 million, a PE ratio of 3.63 and a beta of 0.37. Airship AI Holdings, Inc. has a 1-year low of $2.20 and a 1-year high of $7.20.

Airship AI (NASDAQ:AISP) last announced its quarterly earnings results on Tuesday, February 17th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). The firm had revenue of $6.49 million during the quarter, compared to the consensus estimate of $6.40 million. On average, sell-side analysts anticipate that Airship AI Holdings, Inc. will post 1.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AISP has been the topic of several analyst reports. Roth Mkm set a $8.00 price target on shares of Airship AI in a report on Monday, December 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Airship AI in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell” and an average price target of $8.00.

Hedge Funds Weigh In On Airship AI

Several hedge funds and other institutional investors have recently modified their holdings of AISP. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Airship AI in the second quarter worth $30,000. Kovack Advisors Inc. bought a new position in Airship AI in the fourth quarter valued at about $31,000. Quarry LP bought a new position in Airship AI in the third quarter valued at about $31,000. Independent Advisor Alliance purchased a new position in Airship AI in the fourth quarter worth about $32,000. Finally, SG Americas Securities LLC bought a new stake in shares of Airship AI during the 4th quarter valued at about $39,000. 5.89% of the stock is owned by institutional investors.

About Airship AI

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. It serves government, public sector, law enforcement, military, and commercial enterprise organizations.