AirJoule Technologies (NASDAQ:AIRJ) Director Purchases $499,999.50 in Stock

AirJoule Technologies Corporation (NASDAQ:AIRJ) Director Stuart Porter acquired 153,846 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The shares were purchased at an average cost of $3.25 per share, for a total transaction of $499,999.50. Following the completion of the acquisition, the director owned 776,879 shares in the company, valued at $2,524,856.75. This represents a 24.69% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

AirJoule Technologies Stock Performance

NASDAQ:AIRJ traded up $0.11 during mid-day trading on Tuesday, reaching $3.48. The stock had a trading volume of 208,818 shares, compared to its average volume of 602,123. The stock has a market capitalization of $210.86 million, a P/E ratio of -22.96 and a beta of 0.46. The firm has a 50 day moving average price of $3.66 and a two-hundred day moving average price of $4.43. AirJoule Technologies Corporation has a one year low of $2.61 and a one year high of $9.31.

AirJoule Technologies (NASDAQ:AIRJ) last posted its quarterly earnings results on Thursday, November 13th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.03. Research analysts forecast that AirJoule Technologies Corporation will post 4.97 earnings per share for the current year.

Institutional Investors Weigh In On AirJoule Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC boosted its stake in shares of AirJoule Technologies by 111.1% during the 2nd quarter. Geode Capital Management LLC now owns 517,203 shares of the company’s stock valued at $2,395,000 after purchasing an additional 272,253 shares in the last quarter. Argentarii LLC lifted its holdings in AirJoule Technologies by 405.2% in the fourth quarter. Argentarii LLC now owns 151,558 shares of the company’s stock worth $597,000 after buying an additional 121,558 shares during the period. Creative Planning bought a new stake in AirJoule Technologies during the 2nd quarter valued at approximately $441,000. Vanguard Group Inc. boosted its position in AirJoule Technologies by 6.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,162,542 shares of the company’s stock valued at $5,452,000 after acquiring an additional 73,661 shares in the last quarter. Finally, Wealthspire Advisors LLC purchased a new position in shares of AirJoule Technologies during the 2nd quarter worth approximately $232,000. 63.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AIRJ. Weiss Ratings restated a “sell (e+)” rating on shares of AirJoule Technologies in a report on Monday, December 29th. Lucid Cap Mkts raised shares of AirJoule Technologies to a “strong-buy” rating in a report on Monday, December 22nd. UBS Group set a $7.00 price objective on shares of AirJoule Technologies in a research note on Monday, December 22nd. Finally, LADENBURG THALM/SH SH began coverage on shares of AirJoule Technologies in a report on Tuesday, December 16th. They set a “buy” rating and a $8.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $9.50.

AirJoule Technologies Company Profile

Montana Technologies Corporation operates as an atmospheric renewable energy and water harvesting technology company. It provides energy and dehumidification, evaporative cooling, and atmospheric water generation through its AirJoule technology. The company is headquartered in Ronan, Montana.