AIRO Group Holdings, Inc. (NASDAQ:AIRO – Get Free Report) COO John Uczekaj sold 7,230 shares of AIRO Group stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $7.10, for a total value of $51,333.00. Following the transaction, the chief operating officer owned 214,342 shares in the company, valued at approximately $1,521,828.20. This trade represents a 3.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
John Uczekaj also recently made the following trade(s):
- On Friday, August 14th, John Uczekaj sold 16,887 shares of AIRO Group stock. The shares were sold at an average price of $9.72, for a total value of $164,141.64.
- On Monday, July 6th, John Uczekaj sold 154 shares of AIRO Group stock. The stock was sold at an average price of $7.76, for a total transaction of $1,195.04.
AIRO Group Trading Up 4.5%
Shares of NASDAQ AIRO opened at $7.40 on Friday. AIRO Group Holdings, Inc. has a twelve month low of $5.71 and a twelve month high of $22.47. The company has a market capitalization of $233.51 million, a price-to-earnings ratio of -8.92 and a beta of 2.02. The firm has a 50-day moving average of $7.53 and a two-hundred day moving average of $8.17.
Institutional Trading of AIRO Group
Several large investors have recently added to or reduced their stakes in AIRO. Woodline Partners LP boosted its position in shares of AIRO Group by 41.0% in the third quarter. Woodline Partners LP now owns 2,753,067 shares of the company’s stock worth $52,859,000 after buying an additional 800,456 shares during the period. BlackRock Inc. acquired a new position in AIRO Group during the second quarter valued at $9,609,000. Alyeska Investment Group L.P. purchased a new stake in AIRO Group in the 3rd quarter worth about $15,030,000. HighTower Advisors LLC boosted its position in AIRO Group by 936.8% during the 4th quarter. HighTower Advisors LLC now owns 666,176 shares of the company’s stock worth $5,449,000 after acquiring an additional 601,924 shares during the period. Finally, Vanguard Group Inc. grew its stake in AIRO Group by 406.0% during the 3rd quarter. Vanguard Group Inc. now owns 505,951 shares of the company’s stock valued at $9,714,000 after acquiring an additional 405,951 shares in the last quarter.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the company. Weiss Ratings restated a “sell (e+)” rating on shares of AIRO Group in a report on Wednesday, August 26th. Mizuho decreased their price target on AIRO Group from $16.00 to $13.00 and set an “outperform” rating for the company in a research report on Tuesday, July 21st. Finally, Wall Street Zen raised AIRO Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, AIRO Group currently has an average rating of “Hold” and a consensus target price of $17.33.
Check Out Our Latest Report on AIRO Group
About AIRO Group
We are a technologically differentiated aerospace, autonomy, and air mobility platform targeting 21st century aerospace and defense opportunities. We leverage decades of industry expertise and connections across the drone, aviation, and avionics markets to provide leading solutions to the aerospace and defense market. We offer connected and diversified solutions providing operational synergies across our segments and are powered by an international footprint as well as supplier and public sector relationships.
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