Key Points
- Major shareholder Jorey Chernett purchased 83,000 shares of AirSculpt on March 17 at $2.56 each for $212,480, bringing his direct holdings to 6,676,059 shares valued at about $17.09 million and raising his ownership by 1.26%.
- Chernett has been actively accumulating stock throughout early March, buying a total of approximately 432,448 shares across six transactions (roughly $943,000 total) from March 3–17.
- Despite the insider buying, AirSculpt trades near $2.79 with a market cap of $174.2M, carries a consensus "Reduce" rating (Weiss Ratings: "sell (d-)"), and is heavily held by institutions (91.54% ownership).
AirSculpt Technologies, Inc. (NASDAQ:AIRS - Get Free Report) major shareholder Jorey Chernett acquired 83,000 shares of AirSculpt Technologies stock in a transaction that occurred on Tuesday, March 17th. The shares were purchased at an average price of $2.56 per share, for a total transaction of $212,480.00. Following the transaction, the insider directly owned 6,676,059 shares in the company, valued at $17,090,711.04. The trade was a 1.26% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.
Jorey Chernett also recently made the following trade(s):
- On Monday, March 16th, Jorey Chernett bought 105,848 shares of AirSculpt Technologies stock. The stock was purchased at an average price of $2.43 per share, with a total value of $257,210.64.
- On Wednesday, March 11th, Jorey Chernett purchased 88,000 shares of AirSculpt Technologies stock. The shares were purchased at an average cost of $2.15 per share, for a total transaction of $189,200.00.
- On Friday, March 6th, Jorey Chernett purchased 45,600 shares of AirSculpt Technologies stock. The shares were purchased at an average price of $2.00 per share, for a total transaction of $91,200.00.
- On Wednesday, March 4th, Jorey Chernett bought 30,000 shares of AirSculpt Technologies stock. The shares were acquired at an average cost of $1.87 per share, for a total transaction of $56,100.00.
- On Tuesday, March 3rd, Jorey Chernett purchased 80,000 shares of AirSculpt Technologies stock. The shares were acquired at an average cost of $1.71 per share, with a total value of $136,800.00.
AirSculpt Technologies Price Performance
Shares of NASDAQ:AIRS opened at $2.79 on Thursday. The firm has a market cap of $174.21 million, a PE ratio of -9.30 and a beta of 2.75. The firm's fifty day moving average is $2.25 and its 200-day moving average is $4.62. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.51 and a current ratio of 0.51. AirSculpt Technologies, Inc. has a 52 week low of $1.51 and a 52 week high of $12.00.
Institutional Trading of AirSculpt Technologies
A number of institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC acquired a new stake in AirSculpt Technologies during the 4th quarter worth about $1,991,000. Balyasny Asset Management L.P. lifted its stake in shares of AirSculpt Technologies by 128.5% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,113,843 shares of the company's stock valued at $5,380,000 after purchasing an additional 626,309 shares during the period. Saba Capital Management L.P. bought a new stake in shares of AirSculpt Technologies during the 4th quarter valued at about $620,000. Marshall Wace LLP bought a new stake in shares of AirSculpt Technologies during the 4th quarter valued at about $495,000. Finally, Massar Capital Management LP grew its stake in AirSculpt Technologies by 686.3% during the second quarter. Massar Capital Management LP now owns 220,150 shares of the company's stock worth $1,063,000 after purchasing an additional 192,150 shares during the period. Institutional investors own 91.54% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of AirSculpt Technologies in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Reduce" and a consensus target price of $6.00.
Check Out Our Latest Research Report on AirSculpt Technologies
AirSculpt Technologies Company Profile
(
Get Free Report)
AirSculpt Technologies, Inc (NASDAQ: AIRS) is a medical technology company specializing in minimally invasive body contouring. The company's flagship AirSculpt® platform combines pneumatic power with precision microcannulas to deliver fat removal, transfer and sculpting procedures. AirSculpt Technologies partners with both company-owned and franchised cosmetic surgery practices to offer a streamlined, office-based alternative to traditional liposuction.
Through its proprietary system, AirSculpt Technologies provides both consumers and medical professionals with an integrated solution that emphasizes reduced downtime, smaller incision sites, and more predictable outcomes.
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