Airship AI (NASDAQ:AISP) Trading Up 2.1% - Here's Why

Key Points

• Airship AI's stock increased by 2.1% during mid-day trading, reaching a high of $4.80 before closing at $4.79, with a market cap of $152.51 million.
• The company reported a quarterly earnings loss of ($0.75) EPS, with analysts projecting a slight recovery to 1.71 EPS for the current fiscal year.
• Insider trading activity included the sale of 70,000 shares by President Paul M. Allen, reducing their ownership by 57.40%, and notable institutional investments were made by firms like Intech Investment Management LLC and AQR Capital Management LLC.

Airship AI Holdings, Inc. (NASDAQ:AISP - Get Free Report)'s stock price was up 2.1% on Friday . The stock traded as high as $4.80 and last traded at $4.79. Approximately 627,613 shares changed hands during trading, a decline of 42% from the average daily volume of 1,088,295 shares. The stock had previously closed at $4.69.

Airship AI Trading Up 0.2%

The company's 50-day moving average price is $5.29 and its two-hundred day moving average price is $4.67. The company has a market cap of $160.49 million, a P/E ratio of -2.53 and a beta of 0.30.

Airship AI (NASDAQ:AISP - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported ($0.75) earnings per share for the quarter. Equities analysts forecast that Airship AI Holdings, Inc. will post 1.71 earnings per share for the current year.

Insider Buying and Selling

In other news, President Paul M. Allen sold 70,000 shares of the stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $5.11, for a total value of $357,700.00. Following the completion of the sale, the president directly owned 51,948 shares of the company's stock, valued at $265,454.28. This represents a 57.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark E. Scott sold 26,836 shares of the stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $6.21, for a total transaction of $166,651.56. The disclosure for this sale can be found here. 57.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Airship AI

A number of hedge funds have recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Airship AI in the first quarter worth approximately $3,045,000. Geode Capital Management LLC increased its holdings in Airship AI by 44.2% in the second quarter. Geode Capital Management LLC now owns 459,461 shares of the company's stock worth $2,707,000 after buying an additional 140,793 shares during the last quarter. AQR Capital Management LLC increased its holdings in Airship AI by 91.3% in the first quarter. AQR Capital Management LLC now owns 82,863 shares of the company's stock worth $320,000 after buying an additional 39,542 shares during the last quarter. Northern Trust Corp increased its holdings in Airship AI by 9.0% in the fourth quarter. Northern Trust Corp now owns 73,138 shares of the company's stock worth $458,000 after buying an additional 6,031 shares during the last quarter. Finally, AXQ Capital LP acquired a new position in Airship AI in the second quarter worth approximately $259,000. Institutional investors and hedge funds own 5.89% of the company's stock.

About Airship AI

Airship AI Holdings, Inc offers AI-driven video, sensor, and data management surveillance platform in the United States. The company provides Airship Acropolis OS, an IP and analog video surveillance; Airship Command, a suite of visualization tools that allows users to view data and evidence ingested from the edge; and Airship Outpost for high-definition recording with user defined low-bit rate video stream encoding.