VisionWave (NASDAQ:VWAV) Major Shareholder Sells $116,876.00 in Stock

VisionWave Holdings Inc (NASDAQ:VWAV) major shareholder Internacional Argentina Magic sold 12,200 shares of the company’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $9.58, for a total value of $116,876.00. Following the sale, the insider owned 2,008,300 shares of the company’s stock, valued at $19,239,514. This trade represents a 0.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Internacional Argentina Magic also recently made the following trade(s):

• On Wednesday, February 11th, Internacional Argentina Magic sold 2,080 shares of VisionWave stock. The shares were sold at an average price of $9.00, for a total transaction of $18,720.00.

VisionWave Stock Performance

NASDAQ VWAV traded down $0.32 on Thursday, hitting $8.04. The stock had a trading volume of 209,846 shares, compared to its average volume of 413,359. The business has a fifty day moving average of $10.17. The company has a market capitalization of $132.82 million, a PE ratio of -47.29 and a beta of 0.18. VisionWave Holdings Inc has a 52-week low of $2.06 and a 52-week high of $15.80.

VisionWave (NASDAQ:VWAV) last issued its quarterly earnings results on Friday, October 3rd. The company reported ($0.15) earnings per share for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of VisionWave in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, VisionWave presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC acquired a new stake in shares of VisionWave during the 4th quarter valued at about $93,000. Geode Capital Management LLC boosted its position in VisionWave by 22.9% during the fourth quarter. Geode Capital Management LLC now owns 61,792 shares of the company’s stock worth $573,000 after purchasing an additional 11,533 shares in the last quarter. Finally, Yorkville Advisors Global LP acquired a new stake in VisionWave in the third quarter valued at approximately $1,906,000. Hedge funds and other institutional investors own 51.36% of the company’s stock.

About VisionWave

VisionWave Technologies Inc is a defense development company focused on integrating advanced artificial intelligence and autonomous solutions across air, ground and sea domains. VisionWave Technologies Inc, formerly known as Bannix Acquisition Corp., is based in WILMINGTON, Del.