AIRO Group (NASDAQ:AIRO) CFO Sells 30,028 Shares

AIRO Group Holdings, Inc. (NASDAQ:AIRO) CFO Mariya Pylypiv sold 30,028 shares of AIRO Group stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $7.66, for a total transaction of $230,014.48. Following the completion of the sale, the chief financial officer owned 80,188 shares in the company, valued at approximately $614,240.08. This trade represents a 27.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

AIRO Group Stock Performance

Shares of AIRO traded up $0.47 during mid-day trading on Thursday, hitting $7.99. 552,120 shares of the company were exchanged, compared to its average volume of 611,615. The stock has a market cap of $251.29 million and a price-to-earnings ratio of -17.00. AIRO Group Holdings, Inc. has a 1-year low of $5.71 and a 1-year high of $29.20. The company has a 50 day moving average of $7.87 and a 200-day moving average of $9.17.

AIRO Group (NASDAQ:AIRO) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.49) EPS for the quarter. AIRO Group had a negative return on equity of 2.44% and a negative net margin of 19.98%.The firm had revenue of $8.90 million for the quarter. Research analysts anticipate that AIRO Group Holdings, Inc. will post -0.63 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AIRO Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Woodline Partners LP boosted its stake in AIRO Group by 41.0% during the third quarter. Woodline Partners LP now owns 2,753,067 shares of the company’s stock worth $52,859,000 after buying an additional 800,456 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of AIRO Group in the 3rd quarter worth $15,030,000. HighTower Advisors LLC raised its holdings in shares of AIRO Group by 936.8% during the 4th quarter. HighTower Advisors LLC now owns 666,176 shares of the company’s stock worth $5,449,000 after acquiring an additional 601,924 shares during the period. Vanguard Group Inc. boosted its position in shares of AIRO Group by 406.0% during the 3rd quarter. Vanguard Group Inc. now owns 505,951 shares of the company’s stock valued at $9,714,000 after acquiring an additional 405,951 shares during the last quarter. Finally, MYDA Advisors LLC acquired a new position in shares of AIRO Group during the 4th quarter valued at about $1,963,000.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AIRO. Weiss Ratings reissued a “sell (e+)” rating on shares of AIRO Group in a research note on Friday, May 29th. Wall Street Zen raised shares of AIRO Group from a “strong sell” rating to a “sell” rating in a report on Saturday, June 13th. Zacks Research upgraded shares of AIRO Group to a “hold” rating in a research report on Wednesday, April 15th. Finally, BTIG Research reissued a “neutral” rating on shares of AIRO Group in a research note on Wednesday, April 8th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $19.67.

AIRO Group Company Profile

We are a technologically differentiated aerospace, autonomy, and air mobility platform targeting 21st century aerospace and defense opportunities. We leverage decades of industry expertise and connections across the drone, aviation, and avionics markets to provide leading solutions to the aerospace and defense market. We offer connected and diversified solutions providing operational synergies across our segments and are powered by an international footprint as well as supplier and public sector relationships.