Stuart Porter Acquires 153,846 Shares of AirJoule Technologies (NASDAQ:AIRJ) Stock

AirJoule Technologies Corporation (NASDAQ:AIRJ) Director Stuart Porter acquired 153,846 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The stock was acquired at an average price of $3.25 per share, for a total transaction of $499,999.50. Following the completion of the acquisition, the director directly owned 776,879 shares of the company’s stock, valued at $2,524,856.75. This trade represents a 24.69% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

AirJoule Technologies Stock Performance

AIRJ opened at $3.60 on Thursday. The company has a fifty day moving average price of $3.61 and a two-hundred day moving average price of $4.41. The firm has a market capitalization of $218.45 million, a PE ratio of -24.00 and a beta of 0.46. AirJoule Technologies Corporation has a 52 week low of $2.61 and a 52 week high of $9.20.

AirJoule Technologies (NASDAQ:AIRJ) last posted its quarterly earnings results on Thursday, November 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.03. Equities analysts forecast that AirJoule Technologies Corporation will post 4.97 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Group One Trading LLC increased its holdings in AirJoule Technologies by 45.6% during the 3rd quarter. Group One Trading LLC now owns 13,100 shares of the company’s stock worth $61,000 after purchasing an additional 4,100 shares in the last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of AirJoule Technologies in the second quarter valued at about $29,000. Nisa Investment Advisors LLC acquired a new position in shares of AirJoule Technologies during the second quarter worth about $29,000. Raymond James Financial Inc. bought a new position in shares of AirJoule Technologies during the second quarter worth about $31,000. Finally, UBS Group AG grew its holdings in shares of AirJoule Technologies by 5.6% during the third quarter. UBS Group AG now owns 138,678 shares of the company’s stock worth $650,000 after buying an additional 7,374 shares in the last quarter. Institutional investors and hedge funds own 63.65% of the company’s stock.

Analyst Ratings Changes

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