Matthew B. Jore Sells 3,865 Shares of Montana Technologies Co. (NASDAQ:AIRJ) Stock

Montana Technologies Co. (NASDAQ:AIRJ - Get Free Report) CEO Matthew B. Jore sold 3,865 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $4.23, for a total value of $16,348.95. Following the sale, the chief executive officer now owns 7,699,931 shares of the company's stock, valued at approximately $32,570,708.13. The trade was a 0.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Montana Technologies Stock Performance

Shares of AIRJ traded up $0.04 during trading hours on Thursday, reaching $4.48. 126,477 shares of the company traded hands, compared to its average volume of 73,861. The stock's fifty day moving average is $4.61 and its 200 day moving average is $6.83. Montana Technologies Co. has a 1-year low of $3.74 and a 1-year high of $13.50. The stock has a market cap of $250.87 million, a P/E ratio of 6.14 and a beta of 0.35.

Montana Technologies (NASDAQ:AIRJ - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.04. On average, equities research analysts predict that Montana Technologies Co. will post 4.97 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Y Intercept Hong Kong Ltd acquired a new stake in Montana Technologies during the first quarter worth $46,000. OMERS ADMINISTRATION Corp bought a new position in shares of Montana Technologies during the 1st quarter worth about $50,000. Millennium Management LLC acquired a new stake in shares of Montana Technologies during the 4th quarter valued at about $85,000. Bank of America Corp DE boosted its position in shares of Montana Technologies by 8,851.2% during the 4th quarter. Bank of America Corp DE now owns 11,189 shares of the company's stock valued at $89,000 after acquiring an additional 11,064 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in Montana Technologies in the fourth quarter valued at about $117,000. 63.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on AIRJ shares. Alliance Global Partners started coverage on Montana Technologies in a report on Monday, February 24th. They set a "buy" rating and a $11.00 price target for the company. HC Wainwright reaffirmed a "buy" rating and set a $12.00 target price on shares of Montana Technologies in a research report on Thursday, March 27th.

Montana Technologies Company Profile

Montana Technologies Corporation operates as an atmospheric renewable energy and water harvesting technology company. It provides energy and dehumidification, evaporative cooling, and atmospheric water generation through its AirJoule technology. The company is headquartered in Ronan, Montana.