Unusual Machines (NYSEAMERICAN:UMAC) Director Jeffrey Thompson Sells 15,000 Shares of Stock

Unusual Machines, Inc. (NYSEAMERICAN:UMAC) Director Jeffrey Thompson sold 15,000 shares of Unusual Machines stock in a transaction on Monday, June 8th. The stock was sold at an average price of $27.42, for a total transaction of $411,300.00. Following the transaction, the director directly owned 4,779,392 shares of the company’s stock, valued at $131,050,928.64. The trade was a 0.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Unusual Machines Trading Down 7.5%

Shares of UMAC opened at $23.90 on Wednesday. The firm has a market capitalization of $1.14 billion, a P/E ratio of -56.90 and a beta of 14.62. Unusual Machines, Inc. has a 12-month low of $7.24 and a 12-month high of $34.36. The firm has a fifty day moving average price of $17.17 and a 200-day moving average price of $14.88.

Unusual Machines (NYSEAMERICAN:UMAC) last issued its earnings results on Thursday, May 14th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.15). The company had revenue of $8.10 million for the quarter, compared to analysts’ expectations of $5.54 million. Unusual Machines had a negative net margin of 32.71% and a negative return on equity of 11.83%. Analysts predict that Unusual Machines, Inc. will post -0.38 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. BlueCrest Capital Management Ltd purchased a new position in shares of Unusual Machines in the 3rd quarter worth approximately $2,168,000. Tudor Investment Corp ET AL grew its position in shares of Unusual Machines by 201.0% in the 3rd quarter. Tudor Investment Corp ET AL now owns 1,207,460 shares of the company’s stock worth $18,233,000 after buying an additional 806,359 shares during the last quarter. FNY Investment Advisers LLC grew its position in shares of Unusual Machines by 293.4% in the 4th quarter. FNY Investment Advisers LLC now owns 120,001 shares of the company’s stock worth $1,528,000 after buying an additional 89,500 shares during the last quarter. Moody National Bank Trust Division purchased a new position in shares of Unusual Machines in the 4th quarter worth approximately $549,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Unusual Machines in the 4th quarter worth approximately $1,776,000.

Analyst Ratings Changes

UMAC has been the subject of a number of recent analyst reports. Roth Mkm boosted their target price on shares of Unusual Machines to $40.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Needham & Company LLC raised their target price on shares of Unusual Machines from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $27.33.

About Unusual Machines

Unusual Machines, Inc designs, manufactures, and sells ultra-low latency video goggles for drone pilots. It operates a drone-focused e-commerce marketplace. The company serves drone pilots, hobbyists, and recreational services. The company was formerly known as AerocarveUS Corporation and changed its name to Unusual Machines, Inc in July 2022. Unusual Machines, Inc was incorporated in 2019 and is based in Orlando, Florida.