Unusual Machines (NYSEAMERICAN:UMAC) CFO Brian Joseph Hoff Sells 150,000 Shares

Unusual Machines, Inc. (NYSEAMERICAN:UMAC) CFO Brian Joseph Hoff sold 150,000 shares of Unusual Machines stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $17.71, for a total value of $2,656,500.00. Following the completion of the transaction, the chief financial officer owned 352,650 shares in the company, valued at $6,245,431.50. This trade represents a 29.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Brian Joseph Hoff also recently made the following trade(s):

• On Monday, March 16th, Brian Joseph Hoff sold 11,413 shares of Unusual Machines stock. The stock was sold at an average price of $18.59, for a total value of $212,167.67.

Unusual Machines Stock Performance

Shares of UMAC stock opened at $31.78 on Friday. Unusual Machines, Inc. has a fifty-two week low of $4.81 and a fifty-two week high of $32.36. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of -75.66 and a beta of 14.32. The stock’s 50-day simple moving average is $15.26 and its 200-day simple moving average is $13.93.

Unusual Machines (NYSEAMERICAN:UMAC) last issued its earnings results on Thursday, May 14th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.15). The firm had revenue of $8.10 million during the quarter, compared to analysts’ expectations of $5.54 million. Unusual Machines had a negative net margin of 32.71% and a negative return on equity of 11.83%. As a group, equities analysts forecast that Unusual Machines, Inc. will post -0.38 earnings per share for the current year.

More Unusual Machines News

Here are the key news stories impacting Unusual Machines this week:

• Positive Sentiment: Reports that the Trump administration and Pentagon are considering funding deals and possible equity stakes in U.S. drone makers lifted sentiment across the sector, with Unusual Machines singled out as a potential beneficiary. Unusual Machines and other drone stocks surge on report Pentagon considering stakes in the industry
• Positive Sentiment: Unusual Machines announced it will participate in several upcoming investor conferences in June, which could increase visibility and help the company meet with potential investors. Unusual Machines to Participate in June Investor Conferences
• Positive Sentiment: Trading activity also suggests heightened speculative interest, with unusual call-option volume implying investors are betting on further upside. Unusual Machines Target of Unusually High Options Trading (NYSEAMERICAN:UMAC)
• Neutral Sentiment: CEO services agreement changes and the CFO’s pre-arranged share sale were disclosed, but the CFO transaction was executed under a Rule 10b5-1 plan, which makes it less likely to be viewed as an immediate negative signal. Unusual Machines Extends CEO Services Agreement, Increases Fee
• Negative Sentiment: Unusual Machines CFO Brian Joseph Hoff sold 150,000 shares, a move that can create some concern about insider selling even though it was part of a pre-arranged trading plan. SEC filing for CFO share sale

Analyst Upgrades and Downgrades

A number of brokerages recently commented on UMAC. Needham & Company LLC upped their target price on Unusual Machines from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Roth Mkm began coverage on Unusual Machines in a research report on Wednesday, May 13th. They issued a “buy” rating and a $25.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Unusual Machines has an average rating of “Buy” and a consensus target price of $22.33.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Tudor Investment Corp ET AL lifted its holdings in Unusual Machines by 201.0% in the third quarter. Tudor Investment Corp ET AL now owns 1,207,460 shares of the company’s stock valued at $18,233,000 after acquiring an additional 806,359 shares during the period. Vanguard Group Inc. lifted its holdings in Unusual Machines by 13.3% in the third quarter. Vanguard Group Inc. now owns 1,162,795 shares of the company’s stock valued at $17,558,000 after acquiring an additional 136,696 shares during the period. Granahan Investment Management LLC acquired a new position in Unusual Machines in the fourth quarter valued at approximately $14,708,000. State Street Corp lifted its holdings in Unusual Machines by 698.4% in the fourth quarter. State Street Corp now owns 966,184 shares of the company’s stock valued at $12,309,000 after acquiring an additional 845,173 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Unusual Machines by 29.5% in the fourth quarter. Geode Capital Management LLC now owns 359,883 shares of the company’s stock valued at $4,587,000 after acquiring an additional 81,883 shares during the period.

Unusual Machines Company Profile

Unusual Machines, Inc designs, manufactures, and sells ultra-low latency video goggles for drone pilots. It operates a drone-focused e-commerce marketplace. The company serves drone pilots, hobbyists, and recreational services. The company was formerly known as AerocarveUS Corporation and changed its name to Unusual Machines, Inc in July 2022. Unusual Machines, Inc was incorporated in 2019 and is based in Orlando, Florida.