Key Points
- AIRO Group CFO Mariya Pylypiv sold 8,697 shares at an average price of $7.08, generating $61,574.76. The sale covered tax-withholding obligations tied to vested equity awards and reduced her direct ownership by 3.15% to 267,333 shares.
- AIRO shares opened at $7.40, with a market capitalization of approximately $233.5 million. The stock remains well below its 52-week high of $22.47 and has a negative price-to-earnings ratio.
- Analyst sentiment is mixed: the stock carries an average “Hold” rating and a consensus price target of $17.33, while recent ratings included a lowered “Outperform” target from Mizuho and “Sell” ratings from other firms.
AIRO Group Holdings, Inc. (NASDAQ:AIRO - Get Free Report) COO John Uczekaj sold 7,230 shares of the company's stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $7.10, for a total transaction of $51,333.00. Following the completion of the transaction, the chief operating officer owned 214,342 shares in the company, valued at approximately $1,521,828.20. This represents a 3.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 transaction of $164,141.64.
- On Monday, July 6th, John Uczekaj sold 154 shares of AIRO Group stock. The shares were sold at an average price of $7.76, for a total transaction of $1,195.04.
AIRO Group Trading Up 4.5%
NASDAQ AIRO opened at $7.40 on Friday. AIRO Group Holdings, Inc. has a 1-year low of $5.71 and a 1-year high of $22.47. The firm's fifty day simple moving average is $7.53 and its 200-day simple moving average is $8.17. The company has a market capitalization of $233.51 million, a PE ratio of -8.92 and a beta of 2.02.
AIRO Group (NASDAQ:AIRO - Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.06) earnings per share (EPS) for the quarter. AIRO Group had a negative net margin of 23.86% and a negative return on equity of 3.48%. The firm had revenue of $43.18 million for the quarter. As a group, analysts predict that AIRO Group Holdings, Inc. will post -1.04 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Woodline Partners LP raised its stake in shares of AIRO Group by 41.0% in the 3rd quarter. Woodline Partners LP now owns 2,753,067 shares of the company's stock valued at $52,859,000 after acquiring an additional 800,456 shares in the last quarter. BlackRock Inc. acquired a new position in AIRO Group during the second quarter valued at approximately $9,609,000. Alyeska Investment Group L.P. acquired a new position in AIRO Group during the third quarter valued at approximately $15,030,000. HighTower Advisors LLC raised its position in shares of AIRO Group by 936.8% in the fourth quarter. HighTower Advisors LLC now owns 666,176 shares of the company's stock valued at $5,449,000 after purchasing an additional 601,924 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of AIRO Group by 406.0% in the third quarter. Vanguard Group Inc. now owns 505,951 shares of the company's stock valued at $9,714,000 after purchasing an additional 405,951 shares during the period.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on AIRO shares. Wall Street Zen upgraded AIRO Group from a "strong sell" rating to a "sell" rating in a report on Saturday, August 15th. Weiss Ratings reissued a "sell (e+)" rating on shares of AIRO Group in a research report on Wednesday, August 26th. Finally, Mizuho dropped their price target on shares of AIRO Group from $16.00 to $13.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 21st. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $17.33.
Read 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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
