John Uczekaj Sells 16,887 Shares of AIRO Group (NASDAQ:AIRO) Stock

AIRO Group Holdings, Inc. (NASDAQ:AIRO) COO John Uczekaj sold 16,887 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $9.72, for a total transaction of $164,141.64. Following the completion of the sale, the chief operating officer directly owned 221,572 shares of the company’s stock, valued at $2,153,679.84. This trade represents a 7.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 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 Stock Down 1.7%

Shares of NASDAQ AIRO traded down $0.16 during trading on Monday, reaching $9.41. 486,212 shares of the stock were exchanged, compared to its average volume of 553,364. The company has a market capitalization of $295.91 million, a price-to-earnings ratio of -20.02 and a beta of 1.90. The business’s 50-day moving average price is $7.48 and its 200 day moving average price is $8.35. AIRO Group Holdings, Inc. has a twelve month low of $5.71 and a twelve month high of $25.90.

AIRO Group (NASDAQ:AIRO) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.06) earnings per share for the quarter. The firm had revenue of $43.18 million for the quarter. AIRO Group had a negative net margin of 23.86% and a negative return on equity of 3.48%. As a group, sell-side analysts expect that AIRO Group Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Institutional Trading of AIRO Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC acquired a new stake in AIRO Group in the second quarter valued at $355,000. Creative Planning acquired a new position in AIRO Group during the 2nd quarter worth $217,000. Norges Bank bought a new stake in shares of AIRO Group in the 2nd quarter worth about $481,000. WINTON GROUP Ltd bought a new stake in shares of AIRO Group in the 2nd quarter worth about $298,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of AIRO Group in the 2nd quarter valued at about $43,000.

Analysts Set New Price Targets

A number of research firms have weighed in on AIRO. Weiss Ratings reissued a “sell (e+)” rating on shares of AIRO Group in a research report on Friday, May 29th. Wall Street Zen raised AIRO Group from a “strong sell” rating to a “sell” rating in a research report on Saturday. Finally, Mizuho cut their price target on 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 investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $17.33.

AIRO Group Company Profile

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.