Airship AI (NASDAQ:AISP) Posts Quarterly Earnings Results, Meets Estimates

Airship AI (NASDAQ:AISP) announced its earnings results on Tuesday. The company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01), Zacks reports. The firm had revenue of $6.49 million for the quarter, compared to analyst estimates of $6.40 million.

Airship AI Trading Up 0.2%

Shares of AISP opened at $2.44 on Wednesday. The firm has a market cap of $77.70 million, a PE ratio of -1.21 and a beta of 0.34. The company’s 50 day simple moving average is $3.08 and its 200-day simple moving average is $4.11. Airship AI has a 12-month low of $2.38 and a 12-month high of $7.20.

Insider Activity

In related news, President Paul M. Allen acquired 100,000 shares of the company’s stock in a transaction that occurred on Monday, December 29th. The stock was purchased at an average price of $2.74 per share, for a total transaction of $274,000.00. Following the transaction, the president owned 151,948 shares in the company, valued at $416,337.52. This trade represents a 192.50% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Victor Huang acquired 51,000 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were bought at an average cost of $3.18 per share, with a total value of $162,180.00. Following the purchase, the chief executive officer owned 194,849 shares in the company, valued at approximately $619,619.82. The trade was a 35.45% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 46.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Airship AI

Several hedge funds and other institutional investors have recently made changes to their positions in AISP. AQR Capital Management LLC increased its position in shares of Airship AI by 1,177.9% during the fourth quarter. AQR Capital Management LLC now owns 243,261 shares of the company’s stock worth $703,000 after acquiring an additional 224,225 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Airship AI by 18.2% during the 3rd quarter. Vanguard Group Inc. now owns 1,269,819 shares of the company’s stock valued at $6,565,000 after buying an additional 195,760 shares during the last quarter. Nuveen LLC grew its position in shares of Airship AI by 119.0% during the fourth quarter. Nuveen LLC now owns 330,509 shares of the company’s stock worth $955,000 after buying an additional 179,580 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Airship AI by 44.2% in the second quarter. Geode Capital Management LLC now owns 459,461 shares of the company’s stock worth $2,707,000 after buying an additional 140,793 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Airship AI in the fourth quarter worth $371,000. Institutional investors and hedge funds own 5.89% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AISP. Roth Mkm set a $8.00 price target on shares of Airship AI in a research report on Monday, December 8th. Wall Street Zen upgraded shares of Airship AI from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Airship AI in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell” and a consensus target price of $8.00.

About Airship AI

Airship AI Holdings, Inc offers AI-driven video, sensor, and data management surveillance platform in the United States. The company provides Airship Acropolis OS, an IP and analog video surveillance; Airship Command, a suite of visualization tools that allows users to view data and evidence ingested from the edge; and Airship Outpost for high-definition recording with user defined low-bit rate video stream encoding. It serves government, public sector, law enforcement, military, and commercial enterprise organizations.