Key Points
- CEO Daniyel Erdberg sold 1 million Safe Pro Group shares at an average price of $4, generating $4 million and reducing his direct stake by 21.06% to 3.75 million shares.
- Safe Pro Group reported a quarterly loss of $0.15 per share, slightly below expectations, while revenue of $1.33 million exceeded estimates. Analysts expect a full-year loss of $0.55 per share.
- SPAI shares opened at $4.49, near their 50-day and 200-day moving averages; analyst sentiment remains mixed, with an overall “Hold” rating and a $9 average price target.
Safe Pro Group Inc. (NASDAQ:SPAI - Get Free Report) CEO Daniyel Erdberg sold 1,000,000 shares of the firm's stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $4.00, for a total value of $4,000,000.00. Following the completion of the transaction, the chief executive officer directly owned 3,749,058 shares in the company, valued at $14,996,232. This trade represents a 21.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Safe Pro Group Price Performance
Shares of NASDAQ:SPAI opened at $4.49 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 8.76 and a quick ratio of 8.22. Safe Pro Group Inc. has a 1-year low of $3.23 and a 1-year high of $9.05. The firm's 50 day simple moving average is $4.47 and its two-hundred day simple moving average is $4.52. The company has a market capitalization of $91.42 million, a P/E ratio of -6.15 and a beta of 3.66.
Safe Pro Group (NASDAQ:SPAI - Get Free Report) last issued its earnings results on Friday, August 14th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.01). Safe Pro Group had a negative return on equity of 107.61% and a negative net margin of 500.00%.The firm had revenue of $1.33 million during the quarter, compared to the consensus estimate of $1.22 million. Research analysts expect that Safe Pro Group Inc. will post -0.55 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
SPAI has been the topic of several recent analyst reports. Zacks Research upgraded shares of Safe Pro Group from a "strong sell" rating to a "hold" rating in a research report on Monday, June 1st. Wall Street Zen upgraded shares of Safe Pro Group from a "sell" rating to a "hold" rating in a research report on Saturday. Finally, Weiss Ratings raised shares of Safe Pro Group from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Monday, August 17th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $9.00.
View Our Latest Stock Report on SPAI
Hedge Funds Weigh In On Safe Pro Group
A number of institutional investors and hedge funds have recently modified their holdings of SPAI. Perkins Capital Management Inc. bought a new position in shares of Safe Pro Group during the 1st quarter valued at approximately $881,000. DGS Capital Management LLC purchased a new stake in Safe Pro Group during the 4th quarter valued at $79,000. Atlantic Union Bankshares Corp bought a new stake in Safe Pro Group in the fourth quarter worth $42,000. Geode Capital Management LLC lifted its position in Safe Pro Group by 66.3% in the fourth quarter. Geode Capital Management LLC now owns 128,627 shares of the company's stock worth $535,000 after buying an additional 51,283 shares during the last quarter. Finally, Cresset Asset Management LLC boosted its stake in Safe Pro Group by 4.6% during the second quarter. Cresset Asset Management LLC now owns 144,929 shares of the company's stock worth $399,000 after buying an additional 6,346 shares during the period.
Safe Pro Group Company Profile
(
Get Free Report)
Safe Pro Group, Inc engages in the provision and acquisition of security and protection products. Its products include Artificial Intelligence (AI) and Machine Learning (ML) software technology and photogrammetry analysis tools, bullet and blast resistant personal protection equipment, and aerial managed services and mission-critical uncrewed solutions. The firm operates through the following segments: Safe-PRO USA, Airborne Response, and Safe Pro AI. The company was founded by Daniyel Erdberg on December 15, 2021 and is headquartered in Aventura, FL.
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