Insider Selling: Airship AI Holdings, Inc. (NASDAQ:AISP) President Sells 70,000 Shares of Stock

Airship AI Holdings, Inc. (NASDAQ:AISP - Get Free Report) President Paul M. Allen sold 70,000 shares of the business's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $5.11, for a total transaction of $357,700.00. Following the sale, the president now directly owns 51,948 shares of the company's stock, valued at approximately $265,454.28. This represents a 57.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Airship AI Price Performance

Shares of NASDAQ AISP traded down $0.21 during midday trading on Friday, hitting $5.53. 3,056,677 shares of the company's stock were exchanged, compared to its average volume of 1,374,073. Airship AI Holdings, Inc. has a twelve month low of $1.90 and a twelve month high of $7.66. The firm has a market cap of $176.08 million, a P/E ratio of -8.25 and a beta of 0.30. The stock's 50 day moving average price is $4.64 and its 200-day moving average price is $4.56.

Airship AI (NASDAQ:AISP - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). Airship AI had a negative return on equity of 75.79% and a negative net margin of 9.97%. The business had revenue of $5.50 million during the quarter, compared to the consensus estimate of $4.40 million. On average, analysts expect that Airship AI Holdings, Inc. will post 1.71 EPS for the current fiscal year.

Institutional Investors Weigh In On Airship AI

A number of hedge funds and other institutional investors have recently modified their holdings of AISP. Bank of New York Mellon Corp bought a new stake in shares of Airship AI during the fourth quarter valued at about $90,000. Geode Capital Management LLC lifted its stake in shares of Airship AI by 20.5% in the 4th quarter. Geode Capital Management LLC now owns 240,692 shares of the company's stock worth $1,507,000 after acquiring an additional 40,991 shares during the period. DRW Securities LLC acquired a new stake in shares of Airship AI in the 4th quarter worth approximately $91,000. Barclays PLC lifted its stake in shares of Airship AI by 29.0% in the 4th quarter. Barclays PLC now owns 12,746 shares of the company's stock worth $80,000 after acquiring an additional 2,865 shares during the period. Finally, Mariner LLC acquired a new stake in shares of Airship AI in the 4th quarter worth approximately $95,000. 5.89% of the stock is currently owned by institutional investors.

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.