Benchmark Begins Coverage on Airship AI (NASDAQ:AISP)

Benchmark began coverage on shares of Airship AI (NASDAQ:AISP) in a research report issued on Wednesday, Marketbeat reports. The brokerage set a “buy” rating and a $6.00 price target on the stock. Benchmark’s price target would suggest a potential upside of 62.38% from the company’s current price.

Airship AI Stock Down 1.2 %

Shares of NASDAQ:AISP opened at $3.70 on Wednesday. The company has a 50 day moving average price of $2.36 and a two-hundred day moving average price of $3.48. Airship AI has a 52 week low of $1.34 and a 52 week high of $14.32.

Airship AI (NASDAQ:AISP) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The firm had revenue of $6.40 million during the quarter, compared to the consensus estimate of $5.40 million.

Insiders Place Their Bets

In other news, President Paul M. Allen sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $3.40, for a total value of $102,000.00. Following the completion of the transaction, the president now owns 70,000 shares in the company, valued at $238,000. This represents a 30.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 15.15% of the company’s stock.

Institutional Investors Weigh In On Airship AI

A hedge fund recently raised its stake in Airship AI stock. Charles Schwab Investment Management Inc. raised its holdings in shares of Airship AI Holdings, Inc. (NASDAQ:AISP) by 70.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,507 shares of the company’s stock after acquiring an additional 12,214 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.13% of Airship AI worth $68,000 at the end of the most recent reporting period. 5.89% of the stock is owned by hedge funds and other institutional investors.

Airship AI Company Profile

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.