Insider Selling: AIRO Group (NASDAQ:AIRO) COO Sells $164,141.64 in Stock

AIRO Group Holdings, Inc. (NASDAQ:AIRO) COO John Uczekaj sold 16,887 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $9.72, for a total transaction of $164,141.64. Following the sale, the chief operating officer directly owned 221,572 shares in the company, valued at $2,153,679.84. This trade represents a 7.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

John Uczekaj also recently made the following trade(s):

• On Monday, July 6th, John Uczekaj sold 154 shares of AIRO Group stock. The shares were sold at an average price of $7.76, for a total transaction of $1,195.04.

AIRO Group Trading Down 4.3%

Shares of NASDAQ AIRO opened at $8.59 on Thursday. The firm has a market capitalization of $271.10 million, a PE ratio of -18.28 and a beta of 1.90. AIRO Group Holdings, Inc. has a 1 year low of $5.71 and a 1 year high of $25.90. The firm’s 50-day moving average is $7.50 and its 200-day moving average is $8.31.

AIRO Group (NASDAQ:AIRO) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.06) EPS for the quarter. AIRO Group had a negative return on equity of 3.48% and a negative net margin of 23.86%.The business had revenue of $43.18 million for the quarter. As a group, equities research analysts anticipate that AIRO Group Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AIRO. Leonteq Securities AG bought a new stake in AIRO Group in the fourth quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd bought a new position in shares of AIRO Group during the fourth quarter worth $30,000. Raymond James Financial Inc. acquired a new position in shares of AIRO Group in the 2nd quarter valued at $43,000. New York State Common Retirement Fund acquired a new position in shares of AIRO Group in the 4th quarter valued at $43,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of AIRO Group in the 3rd quarter valued at $54,000.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Mizuho dropped their target price on shares of AIRO Group from $16.00 to $13.00 and set an “outperform” rating for the company in a research report on Tuesday, July 21st. Wall Street Zen raised AIRO Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of AIRO Group in a report on Friday, May 29th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $17.33.

About AIRO Group

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.