Airship AI (NASDAQ:AISP) Releases Quarterly Earnings Results, Meets Estimates

Airship AI (NASDAQ:AISP) posted its quarterly earnings results on Tuesday. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01), Zacks reports.

Airship AI Stock Up 2.3%

Shares of Airship AI stock traded up $0.06 on Tuesday, reaching $2.49. The company’s stock had a trading volume of 121,609 shares, compared to its average volume of 939,466. The company has a market capitalization of $79.30 million, a P/E ratio of -1.23 and a beta of 0.34. The stock has a 50-day moving average price of $3.10 and a 200-day moving average price of $4.12. Airship AI has a 52-week low of $2.38 and a 52-week high of $7.20.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Roth Mkm set a $8.00 price objective on shares of Airship AI in a research note on Monday, December 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Airship AI in a research note on Wednesday, January 21st. Finally, Wall Street Zen upgraded Airship AI from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell” and a consensus price target of $8.00.

Insiders Place Their Bets

In related news, President Paul M. Allen purchased 100,000 shares of Airship AI stock in a transaction that occurred on Monday, December 29th. The stock was purchased at an average price of $2.74 per share, for a total transaction of $274,000.00. Following the transaction, the president directly owned 151,948 shares in the company, valued at approximately $416,337.52. This trade represents a 192.50% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Victor Huang acquired 51,000 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was purchased at an average price of $3.18 per share, for a total transaction of $162,180.00. Following the completion of the acquisition, the chief executive officer owned 194,849 shares in the company, valued at $619,619.82. The trade was a 35.45% increase in their position. The disclosure for this purchase is available in the SEC filing. 46.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Airship AI by 18.2% in the third quarter. Vanguard Group Inc. now owns 1,269,819 shares of the company’s stock valued at $6,565,000 after buying an additional 195,760 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Airship AI by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 498,501 shares of the company’s stock worth $1,441,000 after acquiring an additional 23,013 shares during the last quarter. State Street Corp boosted its position in shares of Airship AI by 6.8% during the 4th quarter. State Street Corp now owns 345,034 shares of the company’s stock valued at $997,000 after acquiring an additional 22,069 shares during the last quarter. Nuveen LLC increased its position in Airship AI by 119.0% during the fourth quarter. Nuveen LLC now owns 330,509 shares of the company’s stock worth $955,000 after purchasing an additional 179,580 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Airship AI by 57.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 158,739 shares of the company’s stock worth $459,000 after purchasing an additional 57,624 shares during the period. Hedge funds and other institutional investors own 5.89% of the company’s stock.

Airship AI Company Profile

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. It serves government, public sector, law enforcement, military, and commercial enterprise organizations.