Unusual Machines, Inc. (NYSEAMERICAN:UMAC – Get Free Report) CFO Brian Joseph Hoff sold 150,000 shares of Unusual Machines stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $17.71, for a total transaction of $2,656,500.00. Following the sale, the chief financial officer owned 352,650 shares in the company, valued at approximately $6,245,431.50. This represents a 29.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Brian Joseph Hoff also recently made the following trade(s):
- On Monday, March 16th, Brian Joseph Hoff sold 11,413 shares of Unusual Machines stock. The shares were sold at an average price of $18.59, for a total transaction of $212,167.67.
Unusual Machines Stock Up 57.2%
Shares of NYSEAMERICAN UMAC opened at $29.60 on Friday. Unusual Machines, Inc. has a fifty-two week low of $4.81 and a fifty-two week high of $32.00. The firm’s 50-day simple moving average is $15.03 and its 200 day simple moving average is $13.80. The stock has a market cap of $1.41 billion, a P/E ratio of -70.47 and a beta of 14.32.
Analyst Ratings Changes
UMAC has been the topic of a number of recent analyst reports. Needham & Company LLC lifted their price objective on shares of Unusual Machines from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Roth Mkm began coverage on shares of Unusual Machines in a research report on Wednesday, May 13th. They issued a “buy” rating and a $25.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Unusual Machines currently has a consensus rating of “Buy” and a consensus target price of $22.33.
View Our Latest Research Report on Unusual Machines
Institutional Investors Weigh In On Unusual Machines
Several hedge funds and other institutional investors have recently bought and sold shares of UMAC. NFSG Corp bought a new stake in Unusual Machines in the first quarter worth about $37,000. Ameritas Advisory Services LLC purchased a new position in Unusual Machines in the 3rd quarter worth about $38,000. Wexford Capital LP purchased a new position in Unusual Machines in the 3rd quarter worth about $40,000. Jones Financial Companies Lllp increased its stake in Unusual Machines by 67.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 3,017 shares of the company’s stock worth $46,000 after purchasing an additional 1,218 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Unusual Machines by 7,372.6% in the 2nd quarter. Bank of America Corp DE now owns 7,099 shares of the company’s stock worth $61,000 after purchasing an additional 7,004 shares in the last quarter.
Unusual Machines News Roundup
Here are the key news stories impacting Unusual Machines this week:
- Positive Sentiment: Reports that the Pentagon is considering funding deals and possible equity stakes in domestic drone companies have boosted sentiment around Unusual Machines and the broader drone sector.
- Positive Sentiment: Investor speculation that UMAC may be one of the companies selected for government backing has fueled the stock’s breakout and attracted aggressive call buying.
- Positive Sentiment: Unusual Machines also extended its CEO services agreement and increased the fee, a corporate update that may signal continued management stability during the stock’s surge. Article Title
- Neutral Sentiment: Options activity jumped sharply, with call volume far above normal, underscoring speculative trading but not changing the company’s fundamentals.
- Negative Sentiment: The move appears driven mostly by policy speculation and market momentum rather than confirmed government funding, so volatility could remain high if expectations cool.
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.
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