Insider Selling: AIRO Group (NASDAQ:AIRO) COO Sells $51,333.00 in Stock

Key Points

• AIRO Group COO John Uczekaj sold 7,230 shares at an average price of $7.10, generating $51,333; the filing said the sale covered tax withholding tied to vested equity awards.
• Following the transaction, Uczekaj retained 214,342 shares, while he also reported earlier sales of 16,887 shares in August and 154 shares in July.
• AIRO shares rose 4.5% to $7.40, but the company remains unprofitable; analysts’ consensus rating is Hold, with an average price target of $17.33.

AIRO Group Holdings, Inc. (NASDAQ:AIRO - Get Free Report) COO John Uczekaj sold 7,230 shares of the company's stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $7.10, for a total transaction of $51,333.00. Following the sale, the chief operating officer owned 214,342 shares of the company's stock, valued at $1,521,828.20. This represents a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 Friday, August 14th, John Uczekaj sold 16,887 shares of AIRO Group stock. The shares were sold at an average price of $9.72, for a total transaction of $164,141.64.
• On Monday, July 6th, John Uczekaj sold 154 shares of AIRO Group stock. The stock was sold at an average price of $7.76, for a total transaction of $1,195.04.

AIRO Group Trading Up 4.5%

Shares of AIRO stock traded up $0.32 during mid-day trading on Friday, reaching $7.40. The stock had a trading volume of 388,724 shares, compared to its average volume of 570,101. The firm has a market capitalization of $233.54 million, a PE ratio of -8.92 and a beta of 2.02. The stock's 50-day moving average price is $7.52 and its two-hundred day moving average price is $8.17. AIRO Group Holdings, Inc. has a 52-week low of $5.71 and a 52-week high of $22.47.

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

Hedge Funds Weigh In On AIRO Group

A number of institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new stake in AIRO Group in the second quarter worth about $43,000. Invesco Ltd. grew its holdings in shares of AIRO Group by 1.2% during the 4th quarter. Invesco Ltd. now owns 200,630 shares of the company's stock worth $1,641,000 after acquiring an additional 2,395 shares during the period. Bank of America Corp DE bought a new position in shares of AIRO Group in the 2nd quarter worth approximately $60,000. JPMorgan Chase & Co. purchased a new position in shares of AIRO Group in the 3rd quarter valued at approximately $54,000. Finally, Leonteq Securities AG purchased a new position in shares of AIRO Group in the 4th quarter valued at approximately $25,000.

Wall Street Analyst Weigh In

AIRO has been the topic of a number of recent analyst reports. Mizuho cut their price objective on AIRO Group from $16.00 to $13.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 21st. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of AIRO Group in a research note on Wednesday, August 26th. Finally, Wall Street Zen upgraded shares of AIRO Group from a "strong sell" rating to a "sell" rating in a report on Saturday, August 15th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company 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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