AIRO Group (NASDAQ:AIRO) CFO Sells $230,014.48 in Stock

AIRO Group Holdings, Inc. (NASDAQ:AIRO) CFO Mariya Pylypiv sold 30,028 shares of the stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $7.66, for a total transaction of $230,014.48. Following the sale, the chief financial officer directly owned 80,188 shares of the company’s stock, valued at approximately $614,240.08. This represents a 27.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

AIRO Group Stock Performance

AIRO Group stock opened at $7.99 on Friday. The firm has a market cap of $251.29 million and a price-to-earnings ratio of -17.00. AIRO Group Holdings, Inc. has a 1 year low of $5.71 and a 1 year high of $29.20. The firm’s 50 day moving average price is $7.84 and its two-hundred day moving average price is $9.16.

AIRO Group (NASDAQ:AIRO) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.49) earnings per share (EPS) for the quarter. The company had revenue of $8.90 million during the quarter. AIRO Group had a negative net margin of 19.98% and a negative return on equity of 2.44%. As a group, equities analysts predict that AIRO Group Holdings, Inc. will post -0.63 EPS for the current fiscal year.

Institutional Trading of AIRO Group

Hedge funds have recently modified their holdings of the business. Fortress Investment Group LLC acquired a new position in shares of AIRO Group in the 3rd quarter valued at about $2,222,000. HighTower Advisors LLC grew its position in AIRO Group by 936.8% during the fourth quarter. HighTower Advisors LLC now owns 666,176 shares of the company’s stock valued at $5,449,000 after purchasing an additional 601,924 shares in the last quarter. MYDA Advisors LLC acquired a new position in AIRO Group in the 4th quarter valued at approximately $1,963,000. Caitong International Asset Management Co. Ltd acquired a new position in AIRO Group in the 4th quarter valued at approximately $30,000. Finally, Aristides Capital LLC purchased a new stake in AIRO Group in the 4th quarter worth approximately $197,000.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AIRO. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AIRO Group in a report on Friday, May 29th. Zacks Research upgraded AIRO Group to a “hold” rating in a report on Wednesday, April 15th. Wall Street Zen raised shares of AIRO Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 13th. Finally, BTIG Research reiterated a “neutral” rating on shares of AIRO Group in a report on Wednesday, April 8th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, AIRO Group presently has a consensus rating of “Hold” and a consensus price target of $19.67.

AIRO Group Company Profile

We are a technologically differentiated aerospace, autonomy, and air mobility platform targeting 21st century aerospace and defense opportunities. We leverage decades of industry expertise and connections across the drone, aviation, and avionics markets to provide leading solutions to the aerospace and defense market. We offer connected and diversified solutions providing operational synergies across our segments and are powered by an international footprint as well as supplier and public sector relationships.