AirJoule Technologies Corporation (NASDAQ:AIRJ – Get Free Report) insider Chad Macdonald sold 5,320 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $4.65, for a total value of $24,738.00. Following the completion of the sale, the insider owned 46,067 shares in the company, valued at approximately $214,211.55. This represents a 10.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 shares were sold at an average price of $4.50, for a total value of $8,941.50.
AirJoule Technologies Trading Down 7.0%
AIRJ traded down $0.31 during trading hours on Wednesday, hitting $4.13. The company’s stock had a trading volume of 1,780,344 shares, compared to its average volume of 1,924,874. AirJoule Technologies Corporation has a fifty-two week low of $2.22 and a fifty-two week high of $6.75. The firm has a market capitalization of $282.70 million, a PE ratio of -3.62 and a beta of 0.88. The company has a 50-day simple moving average of $3.66 and a 200 day simple moving average of $3.49.
Hedge Funds Weigh In On AirJoule Technologies
Hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of AirJoule Technologies during the 2nd quarter valued at $31,000. Group One Trading LLC acquired a new position in shares of AirJoule Technologies during the 2nd quarter valued at $42,000. Invesco Ltd. acquired a new position in shares of AirJoule Technologies during the 2nd quarter valued at $50,000. Bank of America Corp DE increased its position in shares of AirJoule Technologies by 8,851.2% during the 4th quarter. Bank of America Corp DE now owns 11,189 shares of the company’s stock valued at $89,000 after purchasing an additional 11,064 shares during the period. Finally, Fagan Associates Inc. acquired a new position in shares of AirJoule Technologies during the 4th quarter valued at $46,000. 63.65% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the company. Weiss Ratings upgraded AirJoule Technologies from a “sell (e+)” rating to a “sell (d)” rating in a research report on Monday, May 18th. Seaport Research Partners assumed coverage on AirJoule Technologies in a research report on Friday, May 8th. They set a “buy” rating and a $7.00 price target on the stock. HC Wainwright reiterated a “buy” rating and set a $12.00 price target on shares of AirJoule Technologies in a research report on Monday, May 18th. Finally, B. Riley Financial assumed coverage on AirJoule Technologies in a research report on Thursday, April 30th. They set a “buy” rating and a $6.00 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 Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $8.25.
Check Out Our Latest Stock Analysis on AIRJ
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.
Further Reading
- Five stocks we like better than AirJoule Technologies
- Everpure: AI Storage Uncertainty Overshadows Breakneck Growth
- This Tech ETF Is Beating QQQ—and Canada May Be Part of the Reason
- Intel Is the Market’s Most Mispriced AI Hedge
- The Biggest Opportunity From SpaceX’s IPO May Surprise You
Receive News & Ratings for AirJoule Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AirJoule Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
