Chad Macdonald Sells 5,320 Shares of AirJoule Technologies (NASDAQ:AIRJ) Stock

AirJoule Technologies Corporation (NASDAQ:AIRJ) insider Chad Macdonald sold 5,320 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $4.65, for a total transaction of $24,738.00. Following the sale, the insider directly owned 46,067 shares in the company, valued at approximately $214,211.55. The trade was a 10.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Chad Macdonald also recently made the following trade(s):

• On Tuesday, June 9th, Chad Macdonald sold 1,987 shares of AirJoule Technologies stock. The stock was sold at an average price of $4.50, for a total transaction of $8,941.50.

AirJoule Technologies Stock Up 3.6%

Shares of AIRJ opened at $4.28 on Friday. AirJoule Technologies Corporation has a fifty-two week low of $2.22 and a fifty-two week high of $6.75. The firm’s 50 day moving average price is $3.70 and its 200 day moving average price is $3.50. The company has a market cap of $292.97 million, a P/E ratio of -3.75 and a beta of 0.88.

AirJoule Technologies (NASDAQ:AIRJ) last announced its earnings results on Thursday, May 14th. The company reported ($0.74) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.68). Research analysts forecast that AirJoule Technologies Corporation will post -0.14 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AIRJ. Vident Advisory LLC acquired a new position in shares of AirJoule Technologies in the 4th quarter valued at $1,849,000. Geode Capital Management LLC boosted its holdings in shares of AirJoule Technologies by 111.1% in the 2nd quarter. Geode Capital Management LLC now owns 517,203 shares of the company’s stock valued at $2,395,000 after buying an additional 272,253 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of AirJoule Technologies by 417.1% in the 4th quarter. Renaissance Technologies LLC now owns 287,500 shares of the company’s stock valued at $1,133,000 after buying an additional 231,900 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of AirJoule Technologies by 160.9% in the 4th quarter. Marshall Wace LLP now owns 314,948 shares of the company’s stock valued at $1,241,000 after buying an additional 194,212 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of AirJoule Technologies in the 1st quarter valued at $482,000. Institutional investors and hedge funds own 63.65% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on AIRJ. HC Wainwright reissued a “buy” rating and issued a $12.00 price objective on shares of AirJoule Technologies in a research report on Monday, May 18th. Weiss Ratings raised shares of AirJoule Technologies from a “sell (e+)” rating to a “sell (d)” rating in a research report on Monday, May 18th. Seaport Research Partners began coverage on shares of AirJoule Technologies in a research report on Friday, May 8th. They issued a “buy” rating and a $7.00 price objective on the stock. Finally, B. Riley Financial began coverage on shares of AirJoule Technologies in a research report on Thursday, April 30th. They issued a “buy” rating and a $6.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $8.25.

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.