Key Points
- Major shareholder sale: Internacional Argentina Magic sold 12,200 shares of VisionWave on Feb 10 at an average $9.58 for $116,876, cutting its position by 0.60% to 2,008,300 shares and also sold 2,080 shares on Feb 11 at $9.00 (SEC filing disclosed).
- Market and analyst outlook: VWAV opened at $8.04 with a market cap of $132.8M and a negative P/E, and the stock carries a consensus “Sell” rating (Weiss Ratings restated a "sell (d-)").
- Ownership and business: Institutional investors hold about 51.36% of the shares, and VisionWave is a defense-focused company developing AI and autonomous solutions for air, ground and sea domains.
VisionWave Holdings Inc (NASDAQ:VWAV - Get Free Report) major shareholder Internacional Argentina Magic sold 2,080 shares of the firm's stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $9.00, for a total transaction of $18,720.00. Following the completion of the sale, the insider owned 2,006,220 shares in the company, valued at approximately $18,055,980. The trade was a 0.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Internacional Argentina Magic also recently made the following trade(s):
- On Tuesday, February 10th, Internacional Argentina Magic sold 12,200 shares of VisionWave stock. The shares were sold at an average price of $9.58, for a total transaction of $116,876.00.
VisionWave Trading Down 3.8%
Shares of VisionWave stock opened at $8.04 on Friday. The firm has a fifty day moving average of $10.13. The company has a market cap of $132.82 million, a P/E ratio of -47.29 and a beta of 0.18. VisionWave Holdings Inc has a fifty-two week low of $2.06 and a fifty-two week high of $15.80.
VisionWave (NASDAQ:VWAV - Get Free Report) last released its earnings results on Friday, October 3rd. The company reported ($0.15) earnings per share for the quarter.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of VisionWave in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of "Sell".
View Our Latest Stock Report on VisionWave
Hedge Funds Weigh In On VisionWave
A number of hedge funds have recently modified their holdings of VWAV. CIBC Private Wealth Group LLC acquired a new position in VisionWave during the fourth quarter worth $93,000. Geode Capital Management LLC boosted its stake in shares of VisionWave by 22.9% in the 4th quarter. Geode Capital Management LLC now owns 61,792 shares of the company's stock valued at $573,000 after purchasing an additional 11,533 shares in the last quarter. Finally, Yorkville Advisors Global LP bought a new stake in shares of VisionWave in the 3rd quarter worth about $1,906,000. 51.36% of the stock is owned by institutional investors and hedge funds.
About VisionWave
(
Get Free Report)
VisionWave Technologies Inc is a defense development company focused on integrating advanced artificial intelligence and autonomous solutions across air, ground and sea domains. VisionWave Technologies Inc, formerly known as Bannix Acquisition Corp., is based in WILMINGTON, Del.
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