Key Points
- CFO Mariya Pylypiv sold 20,078 shares on March 12 at an average price of $10.26 for proceeds of $206,000.28, leaving her with 49,887 shares (a 28.70% reduction) — the sale was disclosed in an SEC filing.
- AIRO shares trade near $10 with a 52-week range of $7.28–$39.07 and a market cap of $315.19M (P/E ~503.5); analysts hold a consensus of "Moderate Buy" with an average target of $19.67 despite several recent price cuts.
AIRO Group Holdings, Inc. (NASDAQ:AIRO - Get Free Report) CFO Mariya Pylypiv sold 20,078 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $10.26, for a total value of $206,000.28. Following the transaction, the chief financial officer directly owned 49,887 shares in the company, valued at approximately $511,840.62. This represents a 28.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
AIRO Group Trading Up 2.9%
Shares of AIRO opened at $10.07 on Tuesday. AIRO Group Holdings, Inc. has a 52 week low of $7.28 and a 52 week high of $39.07. The firm has a market cap of $315.19 million and a price-to-earnings ratio of 503.50. The stock has a 50 day moving average of $10.70 and a 200-day moving average of $13.16.
Hedge Funds Weigh In On AIRO Group
Hedge funds have recently made changes to their positions in the business. Strs Ohio bought a new stake in shares of AIRO Group in the 3rd quarter worth approximately $25,000. Raymond James Financial Inc. bought a new stake in AIRO Group during the second quarter worth approximately $43,000. Bank of America Corp DE acquired a new position in AIRO Group in the second quarter worth approximately $60,000. JPMorgan Chase & Co. acquired a new position in AIRO Group in the third quarter worth approximately $54,000. Finally, Leonteq Securities AG bought a new position in shares of AIRO Group in the fourth quarter valued at $25,000.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on the stock. Cantor Fitzgerald lowered their target price on shares of AIRO Group from $35.00 to $20.00 and set an "overweight" rating for the company in a research note on Friday, November 21st. Wall Street Zen raised shares of AIRO Group from a "sell" rating to a "hold" rating in a report on Saturday, December 20th. Weiss Ratings reaffirmed a "sell (e)" rating on shares of AIRO Group in a research report on Monday, December 29th. BTIG Research dropped their price objective on shares of AIRO Group from $26.00 to $19.00 and set a "buy" rating on the stock in a research note on Monday, November 24th. Finally, Mizuho cut their target price on shares of AIRO Group from $25.00 to $20.00 and set an "outperform" rating on the stock in a report on Monday, January 5th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat, AIRO Group has a consensus rating of "Moderate Buy" and an average target price of $19.67.
Check Out Our Latest Analysis on AIRO
AIRO Group Company Profile
(
Get Free Report)
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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