Key Points
- CEO Matthew Jore sold 50,000 AirJoule shares at an average price of $3.06, generating $153,000. He continues to own approximately 7.7 million shares after the transaction.
- AirJoule stock fell 3.8% to $3.08, with the company trading well below its 50-day and 200-day moving averages. Its latest quarterly loss of $0.12 per share missed analysts’ $0.08-per-share estimate.
- Analyst sentiment remains a “Moderate Buy”, with a consensus price target of $9.20, although ratings range from Strong Buy to Sell. Institutional investors own approximately 63.65% of the company.
AirJoule Technologies Corporation (NASDAQ:AIRJ - Get Free Report) CEO Matthew Jore sold 50,000 shares of AirJoule Technologies stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $3.06, for a total value of $153,000.00. Following the completion of the transaction, the chief executive officer directly owned 7,698,020 shares of the company's stock, valued at approximately $23,555,941.20. This represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
AirJoule Technologies Stock Down 3.8%
NASDAQ:AIRJ traded down $0.12 on Friday, reaching $3.08. 652,034 shares of the company's stock were exchanged, compared to its average volume of 900,837. The firm has a market capitalization of $225.92 million, a price-to-earnings ratio of -2.37 and a beta of 0.89. The business has a fifty day moving average of $4.45 and a 200-day moving average of $4.21. AirJoule Technologies Corporation has a 52-week low of $2.22 and a 52-week high of $6.65.
AirJoule Technologies (NASDAQ:AIRJ - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.04). As a group, equities analysts anticipate that AirJoule Technologies Corporation will post -0.09 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on AIRJ shares. D. Boral Capital assumed coverage on shares of AirJoule Technologies in a report on Friday, October 2nd. They set a "buy" rating and a $8.00 target price on the stock. UBS Group set a $10.00 price target on shares of AirJoule Technologies in a research report on Monday, August 17th. Weiss Ratings restated a "sell (d)" rating on shares of AirJoule Technologies in a research note on Thursday, August 13th. B. Riley Financial boosted their price target on shares of AirJoule Technologies from $6.00 to $8.00 and gave the stock a "buy" rating in a research note on Monday, August 17th. Finally, Needham & Company LLC began coverage on AirJoule Technologies in a research report on Monday, August 31st. They set a "hold" rating on the stock. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $9.20.
Get Our Latest Report on AirJoule Technologies
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fagan Associates Inc. purchased a new stake in shares of AirJoule Technologies in the 3rd quarter valued at approximately $59,000. State Street Corp raised its holdings in shares of AirJoule Technologies by 26.8% in the 2nd quarter. State Street Corp now owns 552,042 shares of the company's stock valued at $3,058,000 after purchasing an additional 116,739 shares in the last quarter. Operose Advisors LLC purchased a new stake in shares of AirJoule Technologies during the 2nd quarter worth $100,000. Concurrent Investment Advisors LLC purchased a new stake in shares of AirJoule Technologies during the 2nd quarter worth $144,000. Finally, Bank of America Corp DE lifted its position in shares of AirJoule Technologies by 63.5% during the 1st quarter. Bank of America Corp DE now owns 25,779 shares of the company's stock worth $65,000 after purchasing an additional 10,011 shares during the last quarter. Institutional investors and hedge funds own 63.65% of the company's stock.
AirJoule Technologies Company Profile
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Get Free Report)
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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