Airship AI Receives Mixed Ratings Amid Recent Insider Trades

Airship AI (NASDAQ:AISP) has experienced a shift in its market outlook, with analysts at Wall Street Zen upgrading the company’s rating from “sell” to “hold.” This change was noted in a research note issued to investors on Saturday. In contrast, Weiss Ratings reaffirmed a “sell (d-)” rating for Airship AI in a report published on October 8, 2023. Currently, one research analyst has assigned a “sell” rating to the stock, resulting in an average rating of “sell,” according to data from MarketBeat.com.

Recent Earnings Performance

Airship AI reported its latest earnings results on November 14, 2023. The company announced earnings per share (EPS) of $0.15, surpassing analysts’ consensus estimates of $0.02 by a substantial $0.13. However, revenue for the quarter was $1.18 million, falling significantly short of analyst expectations of $8.30 million. As it stands, analysts predict that Airship AI will achieve an EPS of 1.71 for the current year.

Insider activity has also drawn attention, with several significant stock purchases. On November 20, 2023, CEO Victor Huang acquired 51,000 shares at an average price of $3.18 per share, amounting to a total investment of $162,180. This purchase increased his stake in the company to 194,849 shares, valued at approximately $619,619.82.

Additionally, Director Louis Lebedin purchased 50,000 shares on November 18, 2023, also at an average price of $3.18, for a total of $159,000. Following this transaction, Lebedin directly owns 100,000 shares, valued at $318,000, marking a 100% increase in his position. In the past ninety days, insiders have acquired a total of 107,000 shares of Airship AI stock, with insiders currently holding 46.80% of the company’s stock.

Institutional Investments and Holdings

Recent activity among institutional investors has also influenced Airship AI’s market position. The Police & Firemen’s Retirement System of New Jersey acquired a new stake in the company during the second quarter, valued at $30,000. Quarry LP purchased shares valued at approximately $31,000 in the third quarter.

Notably, JPMorgan Chase & Co. increased its position in Airship AI by 90.9% in the second quarter, bringing its total holdings to 9,567 shares, valued at $56,000, following the acquisition of an additional 4,556 shares. Similarly, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. expanded its stake by 150.5% during the same period, now owning 10,932 shares valued at $64,000 after purchasing an additional 6,568 shares. Intech Investment Management LLC also made a new investment in Airship AI during the second quarter, valued at about $70,000. Currently, hedge funds and institutional investors collectively own 5.89% of the company’s stock.

Airship AI Holdings, Inc. specializes in providing AI-driven surveillance solutions, including the Airship Acropolis OS for video surveillance, Airship Command for data visualization, and Airship Outpost for high-definition video recording. The company’s strategic movements and recent insider activity suggest a complex landscape as it navigates market challenges and opportunities.

Investors are encouraged to stay informed about further developments regarding Airship AI’s performance and market position through reliable sources.