AirJoule Technologies (NASDAQ:AIRJ) Stock Price Down 0.2% - Here's What Happened

AirJoule Technologies Corporation (NASDAQ:AIRJ - Get Free Report) traded down 0.2% during trading on Wednesday . The stock traded as low as $4.60 and last traded at $4.79. 81,455 shares changed hands during trading, a decline of 7% from the average session volume of 87,991 shares. The stock had previously closed at $4.80.

Analyst Ratings Changes

Separately, HC Wainwright reaffirmed a "buy" rating and set a $12.00 target price on shares of AirJoule Technologies in a research note on Thursday, March 27th.

AirJoule Technologies Stock Down 0.2%

The firm has a 50 day moving average of $4.49 and a 200 day moving average of $6.27. The firm has a market cap of $268.24 million, a price-to-earnings ratio of 6.56 and a beta of 0.43.

AirJoule Technologies (NASDAQ:AIRJ - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported ($0.02) EPS for the quarter, beating analysts' consensus estimates of ($0.06) by $0.04. Equities analysts expect that AirJoule Technologies Corporation will post 4.97 EPS for the current year.

Insider Buying and Selling

In other AirJoule Technologies news, CFO Stephen S. Pang sold 7,635 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $4.23, for a total value of $32,296.05. Following the completion of the sale, the chief financial officer owned 15,490 shares of the company's stock, valued at approximately $65,522.70. This trade represents a 33.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 15,036 shares of company stock valued at $63,602 over the last ninety days. Company insiders own 58.00% of the company's stock.

Institutional Investors Weigh In On AirJoule Technologies

A number of hedge funds have recently added to or reduced their stakes in AIRJ. Northern Trust Corp lifted its holdings in shares of AirJoule Technologies by 24.9% in the fourth quarter. Northern Trust Corp now owns 35,858 shares of the company's stock valued at $286,000 after purchasing an additional 7,150 shares in the last quarter. Millennium Management LLC bought a new position in shares of AirJoule Technologies in the fourth quarter valued at approximately $85,000. Marshall Wace LLP bought a new position in shares of AirJoule Technologies in the fourth quarter valued at approximately $811,000. Jane Street Group LLC bought a new position in shares of AirJoule Technologies in the fourth quarter valued at approximately $117,000. Finally, Geode Capital Management LLC lifted its holdings in shares of AirJoule Technologies by 26.3% in the fourth quarter. Geode Capital Management LLC now owns 236,349 shares of the company's stock valued at $1,883,000 after purchasing an additional 49,244 shares in the last quarter. Institutional investors and hedge funds own 63.65% of the company's stock.

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.

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