AirJoule Technologies (NASDAQ:AIRJ) CEO Matthew Jore Sells 50,000 Shares of Stock

Key Points

• CEO Matthew Jore sold 50,000 AirJoule shares at an average price of $3.06, generating $153,000. He continues to own approximately 7.7 million shares after the transaction.
• AirJoule shares fell to $3.08, well below their 50-day and 200-day moving averages of $4.51 and $4.21. The company recently reported a quarterly loss of $0.12 per share, missing the $0.08 analyst estimate.
• Analyst sentiment remains mixed but leans positive, with a “Moderate Buy” consensus and an average price target of $9.20 versus the recent share price. Institutional investors own 63.65% of the company.

AirJoule Technologies Corporation (NASDAQ:AIRJ - Get Free Report) CEO Matthew Jore sold 50,000 shares of the stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $3.06, for a total value of $153,000.00. Following the transaction, the chief executive officer owned 7,698,020 shares in the company, valued at approximately $23,555,941.20. This trade represents a 0.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

AirJoule Technologies Stock Performance

Shares of AirJoule Technologies stock traded down $0.12 on Friday, reaching $3.08. The stock had a trading volume of 652,034 shares, compared to its average volume of 1,007,774. The business's 50-day moving average price is $4.51 and its two-hundred day moving average price is $4.21. AirJoule Technologies Corporation has a fifty-two week low of $2.22 and a fifty-two week high of $6.65. The stock has a market cap of $225.91 million, a P/E ratio of -2.37 and a beta of 0.89.

AirJoule Technologies (NASDAQ:AIRJ - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.04). As a group, equities analysts forecast that AirJoule Technologies Corporation will post -0.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AirJoule Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of AIRJ. Fagan Associates Inc. acquired a new stake in AirJoule Technologies in the 3rd quarter worth $59,000. State Street Corp increased its holdings in shares of AirJoule Technologies by 26.8% during the 2nd quarter. State Street Corp now owns 552,042 shares of the company's stock worth $3,058,000 after purchasing an additional 116,739 shares during the period. Operose Advisors LLC acquired a new position in shares of AirJoule Technologies during the second quarter valued at about $100,000. Concurrent Investment Advisors LLC acquired a new position in shares of AirJoule Technologies during the second quarter valued at about $144,000. Finally, Bank of America Corp DE raised its position in shares of AirJoule Technologies by 63.5% during the first quarter. Bank of America Corp DE now owns 25,779 shares of the company's stock valued at $65,000 after buying an additional 10,011 shares during the last quarter. Institutional investors own 63.65% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AIRJ. Weiss Ratings reaffirmed a "sell (d)" rating on shares of AirJoule Technologies in a research report on Thursday, August 13th. B. Riley Financial boosted their price objective on AirJoule Technologies from $6.00 to $8.00 and gave the stock a "buy" rating in a research report on Monday, August 17th. Needham & Company LLC started coverage on AirJoule Technologies in a research report on Monday, August 31st. They set a "hold" rating for the company. D. Boral Capital assumed coverage on AirJoule Technologies in a research note on Friday, October 2nd. They set a "buy" rating and a $8.00 target price for the company. Finally, UBS Group set a $10.00 target price on AirJoule Technologies in a report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $9.20.

About AirJoule Technologies

AirJoule Technologies Corp. NASDAQ: AIRJ develops technologies that extract water vapor from the atmosphere. Its platform is designed to capture moisture from ambient air and convert it into usable water, including potable water and water for commercial or industrial applications.

The company's technology is based on advanced sorbent materials that selectively absorb water vapor. AirJoule also aims to support energy-efficient humidity control and dehumidification, with potential applications in buildings, industrial facilities, agriculture, data centers and other settings where water recovery or climate control is important.

AirJoule Technologies was formerly known as Montana Technologies Corporation and became a publicly traded company through a business combination.

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