AIRO Group (NASDAQ:AIRO) COO Sells 16,887 Shares of Stock

Key Points

• AIRO Group COO John Uczekaj sold 16,887 shares at an average price of $9.72, totaling $164,141.64. The sale covered tax-withholding obligations tied to vested equity awards, reducing his direct ownership by 7.08% to 221,572 shares.
• AIRO shares fell 1.7% to $9.41, while the company reported a quarterly loss of $0.06 per share on $43.18 million in revenue. Analysts expect a full-year loss of $1.04 per share.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and a $17.33 price target; Mizuho lowered its target to $13 while maintaining an “outperform” rating.

AIRO Group Holdings, Inc. (NASDAQ:AIRO - Get Free Report) COO John Uczekaj sold 16,887 shares of AIRO Group stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $9.72, for a total transaction of $164,141.64. Following the completion of the sale, the chief operating officer directly owned 221,572 shares of the company's stock, valued at $2,153,679.84. The trade was a 7.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

John Uczekaj also recently made the following trade(s):

• On Monday, July 6th, John Uczekaj sold 154 shares of AIRO Group stock. The shares were sold at an average price of $7.76, for a total value of $1,195.04.

AIRO Group Trading Down 1.7%

Shares of AIRO Group stock traded down $0.16 during trading hours on Monday, reaching $9.41. 486,212 shares of the company's stock were exchanged, compared to its average volume of 553,364. AIRO Group Holdings, Inc. has a 52-week low of $5.71 and a 52-week high of $25.90. The company has a fifty day moving average of $7.48 and a 200-day moving average of $8.35. The firm has a market capitalization of $295.91 million, a price-to-earnings ratio of -20.02 and a beta of 1.90.

AIRO Group (NASDAQ:AIRO - Get Free Report) last released its earnings results on Thursday, August 13th. The company reported ($0.06) EPS for the quarter. AIRO Group had a negative net margin of 23.86% and a negative return on equity of 3.48%. The business had revenue of $43.18 million during the quarter. On average, equities research analysts anticipate that AIRO Group Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AIRO Group

Large investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of AIRO Group during the 2nd quarter valued at $9,609,000. Woodline Partners LP lifted its stake in shares of AIRO Group by 41.0% during the third quarter. Woodline Partners LP now owns 2,753,067 shares of the company's stock worth $52,859,000 after purchasing an additional 800,456 shares in the last quarter. Alyeska Investment Group L.P. purchased a new stake in shares of AIRO Group in the third quarter worth about $15,030,000. HighTower Advisors LLC boosted its position in shares of AIRO Group by 936.8% in the fourth quarter. HighTower Advisors LLC now owns 666,176 shares of the company's stock worth $5,449,000 after buying an additional 601,924 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of AIRO Group by 406.0% in the third quarter. Vanguard Group Inc. now owns 505,951 shares of the company's stock valued at $9,714,000 after buying an additional 405,951 shares in the last quarter.

Wall Street Analysts Forecast Growth

AIRO has been the topic of several research analyst reports. Mizuho decreased their target price on shares of AIRO Group from $16.00 to $13.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 21st. Wall Street Zen raised shares of AIRO Group from a "strong sell" rating to a "sell" rating in a research report on Saturday. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of AIRO Group in a report on Friday, May 29th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, AIRO Group currently has a consensus rating of "Hold" and a consensus price target of $17.33.

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.

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