Andrew Ross Camden Sells 100,000 Shares of Unusual Machines (NYSEAMERICAN:UMAC) Stock

Unusual Machines, Inc. (NYSEAMERICAN:UMAC) President Andrew Ross Camden sold 100,000 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $30.05, for a total transaction of $3,005,000.00. Following the transaction, the president directly owned 246,750 shares in the company, valued at $7,414,837.50. This trade represents a 28.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Andrew Ross Camden also recently made the following trade(s):

• On Monday, March 16th, Andrew Ross Camden sold 9,625 shares of Unusual Machines stock. The stock was sold at an average price of $18.57, for a total transaction of $178,736.25.

Unusual Machines Price Performance

UMAC stock opened at $26.70 on Friday. The stock has a market capitalization of $1.28 billion, a PE ratio of -63.57 and a beta of 14.62. The company’s 50-day moving average is $16.68 and its 200-day moving average is $14.62. Unusual Machines, Inc. has a 1 year low of $6.61 and a 1 year high of $34.36.

Unusual Machines (NYSEAMERICAN:UMAC) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $5.54 million. Unusual Machines had a negative return on equity of 11.83% and a negative net margin of 32.71%. On average, analysts anticipate that Unusual Machines, Inc. will post -0.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Unusual Machines

Several large investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp lifted its position in Unusual Machines by 67.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 3,017 shares of the company’s stock valued at $46,000 after acquiring an additional 1,218 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in Unusual Machines by 22.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 11,652 shares of the company’s stock valued at $148,000 after acquiring an additional 2,116 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in Unusual Machines by 54.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 6,169 shares of the company’s stock valued at $79,000 after acquiring an additional 2,169 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in Unusual Machines in the 3rd quarter valued at about $38,000. Finally, Wexford Capital LP bought a new position in Unusual Machines in the 3rd quarter valued at about $40,000.

Wall Street Analyst Weigh In

UMAC has been the topic of a number of research analyst reports. Roth Mkm increased their price objective on shares of Unusual Machines to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Needham & Company LLC raised their price target on shares of Unusual Machines from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Unusual Machines has a consensus rating of “Buy” and an average target price of $27.33.

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.