Brian Joseph Hoff Sells 150,000 Shares of Unusual Machines (NYSEAMERICAN:UMAC) Stock

Unusual Machines, Inc. (NYSEAMERICAN:UMAC) CFO Brian Joseph Hoff sold 150,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $17.71, for a total transaction of $2,656,500.00. Following the transaction, the chief financial officer owned 352,650 shares of the company’s stock, valued at approximately $6,245,431.50. The trade was a 29.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Brian Joseph Hoff also recently made the following trade(s):

• On Monday, March 16th, Brian Joseph Hoff sold 11,413 shares of Unusual Machines stock. The stock was sold at an average price of $18.59, for a total transaction of $212,167.67.

Unusual Machines Stock Up 7.4%

Shares of UMAC opened at $31.78 on Friday. The company has a 50-day simple moving average of $15.26 and a 200-day simple moving average of $13.93. The company has a market capitalization of $1.52 billion, a PE ratio of -75.66 and a beta of 14.32. Unusual Machines, Inc. has a 52-week low of $4.81 and a 52-week high of $32.36.

Unusual Machines (NYSEAMERICAN:UMAC) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.15). The company had revenue of $8.10 million during the quarter, compared to analysts’ expectations of $5.54 million. Unusual Machines had a negative net margin of 32.71% and a negative return on equity of 11.83%. On average, research analysts anticipate that Unusual Machines, Inc. will post -0.38 EPS for the current year.

Key Headlines Impacting Unusual Machines

Here are the key news stories impacting Unusual Machines this week:

• Positive Sentiment: Reports that the Trump administration and Pentagon are considering funding deals and possible equity stakes in U.S. drone makers lifted sentiment across the sector, with Unusual Machines singled out as a potential beneficiary. Unusual Machines and other drone stocks surge on report Pentagon considering stakes in the industry
• Positive Sentiment: Unusual Machines announced it will participate in several upcoming investor conferences in June, which could increase visibility and help the company meet with potential investors. Unusual Machines to Participate in June Investor Conferences
• Positive Sentiment: Trading activity also suggests heightened speculative interest, with unusual call-option volume implying investors are betting on further upside. Unusual Machines Target of Unusually High Options Trading (NYSEAMERICAN:UMAC)
• Neutral Sentiment: CEO services agreement changes and the CFO’s pre-arranged share sale were disclosed, but the CFO transaction was executed under a Rule 10b5-1 plan, which makes it less likely to be viewed as an immediate negative signal. Unusual Machines Extends CEO Services Agreement, Increases Fee
• Negative Sentiment: Unusual Machines CFO Brian Joseph Hoff sold 150,000 shares, a move that can create some concern about insider selling even though it was part of a pre-arranged trading plan. SEC filing for CFO share sale

Hedge Funds Weigh In On Unusual Machines

Several hedge funds have recently added to or reduced their stakes in UMAC. Geode Capital Management LLC increased its holdings in Unusual Machines by 89.1% during the 2nd quarter. Geode Capital Management LLC now owns 222,927 shares of the company’s stock valued at $1,911,000 after acquiring an additional 105,020 shares in the last quarter. Jump Financial LLC purchased a new position in Unusual Machines during the 2nd quarter valued at about $1,251,000. Bank of America Corp DE increased its holdings in Unusual Machines by 7,372.6% during the 2nd quarter. Bank of America Corp DE now owns 7,099 shares of the company’s stock valued at $61,000 after acquiring an additional 7,004 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Unusual Machines by 4,639.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 13,366 shares of the company’s stock valued at $115,000 after acquiring an additional 13,084 shares in the last quarter. Finally, AlphaQuest LLC purchased a new position in Unusual Machines during the 3rd quarter valued at about $558,000.

Analyst Ratings Changes

UMAC has been the subject of a number of research analyst reports. Roth Mkm initiated coverage on shares of Unusual Machines in a report on Wednesday, May 13th. They issued a “buy” rating and a $25.00 price target for the company. Needham & Company LLC increased their price target on shares of Unusual Machines from $20.00 to $22.00 and gave the company a “buy” rating in a report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $22.33.

About Unusual Machines

Unusual Machines, Inc designs, manufactures, and sells ultra-low latency video goggles for drone pilots. It operates a drone-focused e-commerce marketplace. The company serves drone pilots, hobbyists, and recreational services. The company was formerly known as AerocarveUS Corporation and changed its name to Unusual Machines, Inc in July 2022. Unusual Machines, Inc was incorporated in 2019 and is based in Orlando, Florida.