AirJoule Technologies (NASDAQ:AIRJ) CEO Matthew Jore Acquires 5,200 Shares of Stock

AirJoule Technologies Corporation (NASDAQ:AIRJ) CEO Matthew Jore purchased 5,200 shares of the business’s stock in a transaction on Tuesday, December 9th. The shares were purchased at an average price of $2.84 per share, with a total value of $14,768.00. Following the acquisition, the chief executive officer directly owned 7,708,652 shares in the company, valued at $21,892,571.68. This represents a 0.07% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

AirJoule Technologies Stock Performance

Shares of AIRJ traded up $0.48 during mid-day trading on Thursday, hitting $3.42. 465,880 shares of the stock were exchanged, compared to its average volume of 153,653. The company has a market cap of $207.22 million, a PE ratio of -22.87 and a beta of 0.48. AirJoule Technologies Corporation has a 52-week low of $2.61 and a 52-week high of $11.60. The firm has a 50-day moving average of $4.46 and a two-hundred day moving average of $4.55.

AirJoule Technologies (NASDAQ:AIRJ) last posted its earnings results on Thursday, November 13th. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.03. On average, sell-side analysts predict that AirJoule Technologies Corporation will post 4.97 EPS for the current year.

Hedge Funds Weigh In On AirJoule Technologies

Large investors have recently made changes to their positions in the company. Bank of America Corp DE raised its position in AirJoule Technologies by 8,851.2% in the 4th quarter. Bank of America Corp DE now owns 11,189 shares of the company’s stock worth $89,000 after purchasing an additional 11,064 shares during the period. OMERS ADMINISTRATION Corp bought a new position in shares of AirJoule Technologies during the first quarter valued at approximately $50,000. Goldman Sachs Group Inc. grew its stake in shares of AirJoule Technologies by 46.4% during the first quarter. Goldman Sachs Group Inc. now owns 85,150 shares of the company’s stock valued at $393,000 after buying an additional 26,995 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of AirJoule Technologies by 103.2% during the 1st quarter. Jane Street Group LLC now owns 29,956 shares of the company’s stock worth $138,000 after acquiring an additional 15,212 shares during the last quarter. Finally, Vision Capital Management Inc. purchased a new position in AirJoule Technologies during the 2nd quarter valued at $95,000. 63.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of AirJoule Technologies in a report on Monday. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, AirJoule Technologies 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.