AIRO Group (NASDAQ:AIRO) CFO Sells 8,697 Shares of Stock

Key Points

• AIRO Group CFO Mariya Pylypiv sold 8,697 shares at an average price of $7.08, totaling $61,574.76. The sale reduced her stake by 3.15% and was made to cover tax withholding tied to vested equity awards.
• AIRO shares recently traded at $7.40, down substantially from their 12-month high of $22.47. The company reported a quarterly loss of $0.06 per share on $43.18 million in revenue and is expected to post a full-year loss.
• Analyst sentiment is mixed, with an overall “Hold” consensus and an average price target of $17.33; recent ratings included “sell” recommendations and Mizuho’s “outperform” rating with a reduced $13 target.

AIRO Group Holdings, Inc. (NASDAQ:AIRO - Get Free Report) CFO Mariya Pylypiv sold 8,697 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $7.08, for a total value of $61,574.76. Following the completion of the sale, the chief financial officer owned 267,333 shares in the company, valued at approximately $1,892,717.64. The trade was a 3.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Mariya Pylypiv also recently made the following trade(s):

• On Wednesday, June 17th, Mariya Pylypiv sold 30,028 shares of AIRO Group stock. The shares were sold at an average price of $7.66, for a total transaction of $230,014.48.

AIRO Group Price Performance

Shares of NASDAQ:AIRO traded up $0.32 during trading on Friday, reaching $7.40. 388,724 shares of the company were exchanged, compared to its average volume of 570,101. The business's fifty day simple moving average is $7.52 and its 200-day simple moving average is $8.17. The firm has a market capitalization of $233.54 million, a PE ratio of -8.92 and a beta of 2.02. AIRO Group Holdings, Inc. has a 12-month low of $5.71 and a 12-month high of $22.47.

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

Institutional Trading of AIRO Group

A number of institutional investors have recently made changes to their positions in AIRO. Leonteq Securities AG acquired a new position in AIRO Group during the fourth quarter worth about $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in AIRO Group in the 4th quarter valued at about $30,000. Raymond James Financial Inc. acquired a new position in shares of AIRO Group in the 2nd quarter worth approximately $43,000. New York State Common Retirement Fund acquired a new position in AIRO Group during the fourth quarter worth $43,000. Finally, JPMorgan Chase & Co. purchased a new position in AIRO Group during the 3rd quarter valued at about $54,000.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wall Street Zen raised shares of AIRO Group from a "strong sell" rating to a "sell" rating in a research report on Saturday, August 15th. Weiss Ratings reissued a "sell (e+)" rating on shares of AIRO Group in a report on Wednesday, August 26th. Finally, Mizuho reduced their target price on shares of AIRO Group from $16.00 to $13.00 and set an "outperform" rating for the company in a report on Tuesday, July 21st. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, AIRO Group presently has an average 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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