AirJoule Technologies (NASDAQ:AIRJ) Director Purchases $779,242.50 in Stock

AirJoule Technologies Corporation (NASDAQ:AIRJ) Director Stuart Porter bought 264,150 shares of the business’s stock in a transaction on Wednesday, December 10th. The stock was acquired at an average cost of $2.95 per share, for a total transaction of $779,242.50. Following the completion of the transaction, the director owned 623,033 shares in the company, valued at $1,837,947.35. This represents a 73.60% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

AirJoule Technologies Stock Up 3.9%

Shares of AirJoule Technologies stock traded up $0.11 on Wednesday, hitting $2.94. 575,448 shares of the company’s stock traded hands, compared to its average volume of 347,040. AirJoule Technologies Corporation has a 52-week low of $2.61 and a 52-week high of $11.60. The stock has a market cap of $178.40 million, a P/E ratio of -19.60 and a beta of 0.48. The firm’s 50-day moving average is $4.46 and its 200 day moving average is $4.55.

AirJoule Technologies (NASDAQ:AIRJ) last posted its quarterly earnings results on Thursday, November 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.03. Equities research analysts forecast that AirJoule Technologies Corporation will post 4.97 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Wealthspire Advisors LLC bought a new position in shares of AirJoule Technologies during the second quarter valued at approximately $232,000. Belvedere Trading LLC bought a new stake in shares of AirJoule Technologies in the 2nd quarter worth approximately $81,000. OMERS ADMINISTRATION Corp acquired a new position in AirJoule Technologies during the 1st quarter valued at approximately $50,000. Vision Capital Management Inc. bought a new position in AirJoule Technologies during the 2nd quarter worth $95,000. Finally, Goldman Sachs Group Inc. increased its position in AirJoule Technologies by 46.4% in the first quarter. Goldman Sachs Group Inc. now owns 85,150 shares of the company’s stock worth $393,000 after buying an additional 26,995 shares during the period. 63.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AirJoule Technologies in a research report on Monday. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $11.50.

About AirJoule Technologies

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.