Key Points
- Director Eric Affeldt bought 42,857 AIAI shares at an average price of $3.50, investing approximately $150,000 and increasing his position by 857.14% to 47,857 shares.
- AIAI shares opened at $3.27 after declining 6.6%, trading near the company’s 52-week low of $3.03. The company recently reported a quarterly loss of $0.59 per share on $58.28 million in revenue.
- Analyst sentiment remains negative: Weiss Ratings initiated coverage with a “Sell” rating, and MarketBeat lists the stock’s average rating as “Sell.”
AIAI Holdings Corp (NASDAQ:AIAI - Get Free Report) Director Eric Affeldt acquired 42,857 shares of the stock in a transaction that occurred on Tuesday, September 22nd. The stock was purchased at an average price of $3.50 per share, for a total transaction of $149,999.50. Following the completion of the acquisition, the director owned 47,857 shares in the company, valued at $167,499.50. The trade was a 857.14% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Eric Affeldt also recently made the following trade(s):
- On Wednesday, August 19th, Eric Affeldt bought 5,000 shares of AIAI stock. The shares were purchased at an average cost of $5.96 per share, with a total value of $29,800.00.
AIAI Trading Down 6.6%
NASDAQ AIAI opened at $3.27 on Thursday. The firm has a 50 day moving average price of $4.71. AIAI Holdings Corp has a 1-year low of $3.03 and a 1-year high of $19.57.
AIAI (NASDAQ:AIAI - Get Free Report) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.59) EPS for the quarter. The company had revenue of $58.28 million during the quarter.
Analyst Ratings Changes
Separately, Weiss Ratings started coverage on shares of AIAI in a report on Tuesday, August 11th. They set a "sell (e-)" rating for the company. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of "Sell".
Read Our Latest Stock Analysis on AIAI
About AIAI
(
Get Free Report)
AIAI was formed for the purpose of creating an AI-powered ecosystem through acquiring and scaling companies that have high potential for increased operating results through the integration of our Artificial Intelligence, or AI into their operations. We are not simply an investment vehicle—we seek to improve the operating performance of our subsidiaries through the application of our proprietary AI. The AI that we will apply to the companies that we acquire will be licensed to us by Messier 42 LLC, or M42, a company controlled by our founder, John P.
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