VisionWave (NASDAQ:VWAV) Major Shareholder Sells $116,876.00 in Stock

VisionWave Holdings Inc (NASDAQ:VWAV) major shareholder Internacional Argentina Magic sold 12,200 shares of the stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $9.58, for a total transaction of $116,876.00. Following the transaction, the insider directly owned 2,008,300 shares of the company’s stock, valued at approximately $19,239,514. This trade represents a 0.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Internacional Argentina Magic also recently made the following trade(s):

• On Wednesday, February 11th, Internacional Argentina Magic sold 2,080 shares of VisionWave stock. The shares were sold at an average price of $9.00, for a total transaction of $18,720.00.

VisionWave Stock Performance

Shares of VWAV stock opened at $8.27 on Friday. The firm has a market cap of $136.62 million, a price-to-earnings ratio of -48.65 and a beta of 0.18. The business has a 50 day moving average of $10.10. VisionWave Holdings Inc has a one year low of $2.06 and a one year high of $15.80.

VisionWave (NASDAQ:VWAV) last announced its earnings results on Friday, October 3rd. The company reported ($0.15) earnings per share (EPS) for the quarter.

Institutional Trading of VisionWave

Several hedge funds have recently modified their holdings of VWAV. State Street Corp boosted its holdings in VisionWave by 20.9% in the fourth quarter. State Street Corp now owns 26,576 shares of the company’s stock valued at $246,000 after purchasing an additional 4,600 shares during the period. CIBC Private Wealth Group LLC purchased a new position in shares of VisionWave in the 4th quarter valued at about $93,000. Geode Capital Management LLC grew its position in shares of VisionWave by 22.9% during the fourth quarter. Geode Capital Management LLC now owns 61,792 shares of the company’s stock worth $573,000 after buying an additional 11,533 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of VisionWave during the fourth quarter worth approximately $117,000. Finally, Yorkville Advisors Global LP acquired a new stake in VisionWave in the third quarter valued at approximately $1,906,000. 51.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of VisionWave in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

About VisionWave

VisionWave Technologies Inc is a defense development company focused on integrating advanced artificial intelligence and autonomous solutions across air, ground and sea domains. VisionWave Technologies Inc, formerly known as Bannix Acquisition Corp., is based in WILMINGTON, Del.