AIRO Group (NASDAQ:AIRO) CFO Sells 20,078 Shares

AIRO Group Holdings, Inc. (NASDAQ:AIRO) CFO Mariya Pylypiv sold 20,078 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $10.26, for a total value of $206,000.28. Following the completion of the transaction, the chief financial officer owned 49,887 shares in the company, valued at $511,840.62. The trade was a 28.70% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

AIRO Group Stock Up 2.9%

Shares of AIRO Group stock traded up $0.28 during trading hours on Monday, reaching $10.07. 484,612 shares of the company’s stock were exchanged, compared to its average volume of 466,984. The company has a market capitalization of $315.19 million and a P/E ratio of 503.50. The business has a fifty day moving average of $10.70 and a two-hundred day moving average of $13.16. AIRO Group Holdings, Inc. has a 1 year low of $7.28 and a 1 year high of $39.07.

Analyst Ratings Changes

A number of research firms have commented on AIRO. BTIG Research decreased their price target on AIRO Group from $26.00 to $19.00 and set a “buy” rating on the stock in a research note on Monday, November 24th. Cantor Fitzgerald cut their price objective on AIRO Group from $35.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, November 21st. Weiss Ratings restated a “sell (e)” rating on shares of AIRO Group in a report on Monday, December 29th. Mizuho reduced their price target on AIRO Group from $25.00 to $20.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Finally, Wall Street Zen upgraded AIRO Group from a “sell” rating to a “hold” rating in a research note on Saturday, December 20th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $19.67.

Institutional Investors Weigh In On AIRO Group

Several institutional investors have recently modified their holdings of the company. Woodline Partners LP grew its stake in shares of 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 purchasing an additional 800,456 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in AIRO Group in the third quarter valued at $15,030,000. Ilex Capital Partners UK LLP purchased a new stake in AIRO Group during the 2nd quarter worth about $18,750,000. HighTower Advisors LLC lifted its holdings in 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 buying an additional 601,924 shares during the last quarter. Finally, 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 worth $9,714,000 after acquiring an additional 405,951 shares in the last quarter.

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.