AirJoule Technologies (NASDAQ:AIRJ) Stock: Insider Matthew Jore Sells 50,000 Shares

AirJoule Technologies Corporation (NASDAQ:AIRJ) CEO Matthew Jore sold 50,000 shares of the company’s stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $3.06, for a total value of $153,000.00. Following the completion of the transaction, the chief executive officer owned 7,698,020 shares of the company’s stock, valued at $23,555,941.20. The trade was a 0.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

AirJoule Technologies Trading Down 3.8%

AIRJ stock traded down $0.12 during midday trading on Friday, hitting $3.08. The stock had a trading volume of 652,034 shares, compared to its average volume of 1,007,774. AirJoule Technologies Corporation has a 52 week low of $2.22 and a 52 week high of $6.65. The stock has a 50-day simple moving average of $4.51 and a 200 day simple moving average of $4.21. The firm has a market capitalization of $225.91 million, a price-to-earnings ratio of -2.37 and a beta of 0.89.

AirJoule Technologies (NASDAQ:AIRJ) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.04). On average, equities analysts forecast that AirJoule Technologies Corporation will post -0.09 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on AIRJ shares. Needham & Company LLC started coverage on shares of AirJoule Technologies in a research report on Monday, August 31st. They set a “hold” rating on the stock. B. Riley Financial boosted their price target on AirJoule Technologies from $6.00 to $8.00 and gave the company a “buy” rating in a research note on Monday, August 17th. D. Boral Capital initiated coverage on AirJoule Technologies in a research report on Friday, October 2nd. They issued a “buy” rating and a $8.00 price target on the stock. UBS Group set a $10.00 price objective on AirJoule Technologies in a research note on Monday, August 17th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of AirJoule Technologies in a research note on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, AirJoule Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.20.

Institutional Investors Weigh In On AirJoule Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Private Advisor Group LLC raised its position in shares of AirJoule Technologies by 15.7% during the first quarter. Private Advisor Group LLC now owns 29,500 shares of the company’s stock worth $74,000 after acquiring an additional 4,000 shares during the last quarter. Bank of America Corp DE lifted its position in AirJoule Technologies by 63.5% during the 1st quarter. Bank of America Corp DE now owns 25,779 shares of the company’s stock valued at $65,000 after purchasing an additional 10,011 shares during the period. Bank of New York Mellon Corp lifted its holdings in AirJoule Technologies by 23.4% in the first quarter. Bank of New York Mellon Corp now owns 65,113 shares of the company’s stock valued at $163,000 after buying an additional 12,362 shares during the period. Fagan Associates Inc. bought a new position in AirJoule Technologies in the third quarter valued at approximately $59,000. Finally, Operose Advisors LLC acquired a new stake in AirJoule Technologies during the 2nd quarter worth $100,000. 63.65% of the stock is owned by institutional investors and hedge funds.

AirJoule Technologies Company Profile

AirJoule Technologies Corp. (NASDAQ:AIRJ) develops technologies that extract water vapor from the atmosphere. Its platform is designed to capture moisture from ambient air and convert it into usable water, including potable water and water for commercial or industrial applications.

The company’s technology is based on advanced sorbent materials that selectively absorb water vapor. AirJoule also aims to support energy-efficient humidity control and dehumidification, with potential applications in buildings, industrial facilities, agriculture, data centers and other settings where water recovery or climate control is important.

AirJoule Technologies was formerly known as Montana Technologies Corporation and became a publicly traded company through a business combination.