AirSculpt Technologies (NASDAQ:AIRS) Major Shareholder Jorey Chernett Buys 40,000 Shares

AirSculpt Technologies, Inc. (NASDAQ:AIRS) major shareholder Jorey Chernett bought 40,000 shares of the stock in a transaction dated Friday, March 20th. The stock was bought at an average price of $2.77 per share, with a total value of $110,800.00. Following the acquisition, the insider owned 6,793,761 shares in the company, valued at approximately $18,818,717.97. This represents a 0.59% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Jorey Chernett also recently made the following trade(s):

• On Thursday, March 19th, Jorey Chernett purchased 77,702 shares of AirSculpt Technologies stock. The shares were bought at an average price of $2.64 per share, for a total transaction of $205,133.28.
• On Tuesday, March 17th, Jorey Chernett acquired 83,000 shares of AirSculpt Technologies stock. The stock was bought at an average price of $2.56 per share, with a total value of $212,480.00.
• On Monday, March 16th, Jorey Chernett acquired 105,848 shares of AirSculpt Technologies stock. The shares were purchased at an average cost of $2.43 per share, for a total transaction of $257,210.64.
• On Wednesday, March 11th, Jorey Chernett bought 88,000 shares of AirSculpt Technologies stock. The stock was purchased at an average cost of $2.15 per share, with a total value of $189,200.00.
• On Friday, March 6th, Jorey Chernett bought 45,600 shares of AirSculpt Technologies stock. The stock was purchased at an average cost of $2.00 per share, with a total value of $91,200.00.
• On Wednesday, March 4th, Jorey Chernett purchased 30,000 shares of AirSculpt Technologies stock. The shares were purchased at an average price of $1.87 per share, for a total transaction of $56,100.00.
• On Tuesday, March 3rd, Jorey Chernett purchased 80,000 shares of AirSculpt Technologies stock. The shares were purchased at an average price of $1.71 per share, for a total transaction of $136,800.00.

AirSculpt Technologies Stock Performance

AIRS traded up $0.20 during trading on Monday, hitting $2.85. 1,676,967 shares of the stock were exchanged, compared to its average volume of 2,761,666. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.63. AirSculpt Technologies, Inc. has a 1-year low of $1.51 and a 1-year high of $12.00. The stock has a fifty day moving average price of $2.27 and a two-hundred day moving average price of $4.56. The firm has a market capitalization of $177.95 million, a P/E ratio of -9.70 and a beta of 2.76.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AirSculpt Technologies in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $6.00.

Institutional Trading of AirSculpt Technologies

Hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new position in shares of AirSculpt Technologies in the fourth quarter valued at approximately $30,000. Millennium Management LLC acquired a new stake in shares of AirSculpt Technologies during the fourth quarter worth $33,000. Aigen Investment Management LP acquired a new stake in shares of AirSculpt Technologies during the fourth quarter worth $36,000. Wells Fargo & Company MN grew its position in AirSculpt Technologies by 49.9% in the 4th quarter. Wells Fargo & Company MN now owns 19,275 shares of the company’s stock valued at $38,000 after buying an additional 6,420 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in AirSculpt Technologies by 239.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,952 shares of the company’s stock valued at $48,000 after buying an additional 4,199 shares during the period. 91.54% of the stock is owned by institutional investors and hedge funds.

About AirSculpt Technologies

AirSculpt Technologies, Inc (NASDAQ: AIRS) is a medical technology company specializing in minimally invasive body contouring. The company’s flagship AirSculpt® platform combines pneumatic power with precision microcannulas to deliver fat removal, transfer and sculpting procedures. AirSculpt Technologies partners with both company-owned and franchised cosmetic surgery practices to offer a streamlined, office-based alternative to traditional liposuction.

Through its proprietary system, AirSculpt Technologies provides both consumers and medical professionals with an integrated solution that emphasizes reduced downtime, smaller incision sites, and more predictable outcomes.