John Uczekaj Sells 2,225 Shares of AIRO Group (NASDAQ:AIRO) Stock

Key Points

• COO John Uczekaj of AIRO Group sold 2,225 shares of the company's stock for $38,692.75, reducing his ownership by 10% to a total of 20,030 shares valued at approximately $348,321.70.
• AIRO Group stock has traded down 1.8% recently, currently priced at $19.83, while research analysts have set a consensus price target of $30.67 for the stock.
• Several hedge funds have recently acquired new stakes in AIRO Group, indicating growing investor interest and confidence in the company's potential within the aerospace and defense sector.

AIRO Group Holdings, Inc. (NASDAQ:AIRO - Get Free Report) COO John Uczekaj sold 2,225 shares of the business's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $17.39, for a total transaction of $38,692.75. Following the completion of the transaction, the chief operating officer owned 20,030 shares of the company's stock, valued at approximately $348,321.70. The trade was a 10.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

AIRO Group Stock Down 1.8%

NASDAQ AIRO traded down $0.36 during mid-day trading on Friday, reaching $19.53. The stock had a trading volume of 1,905,307 shares, compared to its average volume of 1,433,448. AIRO Group Holdings, Inc. has a 1 year low of $12.90 and a 1 year high of $39.07. The business's fifty day moving average price is $22.39.

AIRO Group (NASDAQ:AIRO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The company reported $0.30 earnings per share for the quarter.

Wall Street Analysts Forecast Growth

AIRO has been the subject of a number of research analyst reports. Mizuho initiated coverage on shares of AIRO Group in a research note on Tuesday, July 8th. They issued an "outperform" rating and a $31.00 price target for the company. Wall Street Zen upgraded shares of AIRO Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. BTIG Research initiated coverage on shares of AIRO Group in a research report on Tuesday, July 8th. They set a "buy" rating and a $26.00 target price for the company. Finally, Cantor Fitzgerald set a $35.00 target price on shares of AIRO Group and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $30.67.

Hedge Funds Weigh In On AIRO Group

Hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of AIRO Group in the second quarter worth approximately $43,000. Bank of America Corp DE bought a new position in shares of AIRO Group in the second quarter worth approximately $60,000. Manchester Capital Management LLC bought a new position in shares of AIRO Group in the second quarter worth approximately $86,000. Newbridge Financial Services Group Inc. bought a new position in shares of AIRO Group in the second quarter worth approximately $91,000. Finally, Creative Planning bought a new position in shares of AIRO Group in the second quarter worth approximately $217,000.

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.