Unusual Machines (NYSEAMERICAN:UMAC) President Andrew Ross Camden Sells 100,000 Shares

Unusual Machines, Inc. (NYSEAMERICAN:UMAC) President Andrew Ross Camden sold 100,000 shares of Unusual Machines stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $30.05, for a total transaction of $3,005,000.00. Following the transaction, the president owned 246,750 shares in the company, valued at $7,414,837.50. The trade was a 28.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Andrew Ross Camden also recently made the following trade(s):

• On Monday, March 16th, Andrew Ross Camden sold 9,625 shares of Unusual Machines stock. The shares were sold at an average price of $18.57, for a total transaction of $178,736.25.

Unusual Machines Stock Performance

Shares of NYSEAMERICAN:UMAC traded down $5.60 during midday trading on Friday, hitting $26.70. 7,806,639 shares of the company’s stock traded hands, compared to its average volume of 5,208,993. The company has a market cap of $1.28 billion, a PE ratio of -63.57 and a beta of 14.62. The firm’s fifty day moving average price is $16.44 and its two-hundred day moving average price is $14.53. Unusual Machines, Inc. has a twelve month low of $6.61 and a twelve month high of $34.36.

Unusual Machines (NYSEAMERICAN:UMAC) last posted its earnings results on Thursday, May 14th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.15). The business had revenue of $8.10 million for the quarter, compared to analyst estimates of $5.54 million. Unusual Machines had a negative net margin of 32.71% and a negative return on equity of 11.83%. As a group, equities research analysts anticipate that Unusual Machines, Inc. will post -0.38 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Roth Mkm lifted their target price on shares of Unusual Machines to $40.00 and gave the company a “buy” rating in a report on Tuesday. Needham & Company LLC boosted their price objective on shares of Unusual Machines from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $27.33.

Institutional Investors Weigh In On Unusual Machines

A number of institutional investors have recently modified their holdings of the stock. Tudor Investment Corp ET AL raised its stake in shares of Unusual Machines by 201.0% in the 3rd quarter. Tudor Investment Corp ET AL now owns 1,207,460 shares of the company’s stock valued at $18,233,000 after purchasing an additional 806,359 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Unusual Machines by 13.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,162,795 shares of the company’s stock valued at $17,558,000 after purchasing an additional 136,696 shares in the last quarter. Granahan Investment Management LLC acquired a new stake in shares of Unusual Machines in the 4th quarter valued at about $14,708,000. State Street Corp raised its stake in shares of Unusual Machines by 698.4% in the 4th quarter. State Street Corp now owns 966,184 shares of the company’s stock valued at $12,309,000 after purchasing an additional 845,173 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Unusual Machines by 29.5% in the 4th quarter. Geode Capital Management LLC now owns 359,883 shares of the company’s stock valued at $4,587,000 after purchasing an additional 81,883 shares in the last quarter.

About Unusual Machines

Unusual Machines, Inc designs, manufactures, and sells ultra-low latency video goggles for drone pilots. It operates a drone-focused e-commerce marketplace. The company serves drone pilots, hobbyists, and recreational services. The company was formerly known as AerocarveUS Corporation and changed its name to Unusual Machines, Inc in July 2022. Unusual Machines, Inc was incorporated in 2019 and is based in Orlando, Florida.