AirJoule Technologies Corporation (NASDAQ:AIRJ – Get Free Report) CEO Matthew Jore sold 50,000 shares of AirJoule Technologies stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $3.06, for a total transaction of $153,000.00. Following the sale, the chief executive officer directly owned 7,698,020 shares in the company, valued at approximately $23,555,941.20. The trade was a 0.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
AirJoule Technologies Price Performance
AIRJ traded down $0.12 during trading hours on Friday, reaching $3.08. The company’s stock had a trading volume of 652,034 shares, compared to its average volume of 900,837. AirJoule Technologies Corporation has a fifty-two week low of $2.22 and a fifty-two week high of $6.65. The stock has a market cap of $225.92 million, a PE ratio of -2.37 and a beta of 0.89. The business’s 50-day moving average is $4.45 and its 200-day moving average is $4.21.
AirJoule Technologies (NASDAQ:AIRJ – Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.04). Analysts expect that AirJoule Technologies Corporation will post -0.09 EPS for the current year.
Institutional Trading of AirJoule Technologies
Several institutional investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership purchased a new stake in AirJoule Technologies in the first quarter valued at approximately $482,000. Corient Private Wealth LLC boosted its position in shares of AirJoule Technologies by 8.3% during the fourth quarter. Corient Private Wealth LLC now owns 1,788,563 shares of the company’s stock worth $7,047,000 after buying an additional 137,337 shares during the period. State Street Corp boosted its position in shares of AirJoule Technologies by 26.8% during the second quarter. State Street Corp now owns 552,042 shares of the company’s stock worth $3,058,000 after buying an additional 116,739 shares during the period. Renaissance Technologies LLC grew its stake in shares of AirJoule Technologies by 36.8% in the first quarter. Renaissance Technologies LLC now owns 393,200 shares of the company’s stock valued at $987,000 after buying an additional 105,700 shares in the last quarter. Finally, Sei Investments Co. acquired a new stake in shares of AirJoule Technologies in the first quarter valued at $77,000. Institutional investors and hedge funds own 63.65% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on AIRJ. Weiss Ratings reissued a “sell (d)” rating on shares of AirJoule Technologies in a research report on Thursday, August 13th. B. Riley Financial boosted their price objective on shares of AirJoule Technologies from $6.00 to $8.00 and gave the company a “buy” rating in a report on Monday, August 17th. Needham & Company LLC initiated coverage on shares of AirJoule Technologies in a research report on Monday, August 31st. They issued a “hold” rating on the stock. UBS Group set a $10.00 target price on shares of AirJoule Technologies in a research report on Monday, August 17th. Finally, D. Boral Capital assumed coverage on shares of AirJoule Technologies in a research note on Friday, October 2nd. They set a “buy” rating and a $8.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.20.
Read Our Latest Stock Report on AirJoule Technologies
About AirJoule Technologies
AirJoule Technologies Corp. (NASDAQ:AIRJ) develops technologies that extract water vapor from the atmosphere. Its platform is designed to capture moisture from ambient air and convert it into usable water, including potable water and water for commercial or industrial applications.
The company’s technology is based on advanced sorbent materials that selectively absorb water vapor. AirJoule also aims to support energy-efficient humidity control and dehumidification, with potential applications in buildings, industrial facilities, agriculture, data centers and other settings where water recovery or climate control is important.
AirJoule Technologies was formerly known as Montana Technologies Corporation and became a publicly traded company through a business combination.
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