Unusual Machines (NYSEAMERICAN:UMAC) President Andrew Ross Camden Sells 100,000 Shares

Unusual Machines, Inc. (NYSEAMERICAN:UMAC) President Andrew Ross Camden sold 100,000 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $30.05, for a total value of $3,005,000.00. Following the transaction, the president directly owned 246,750 shares in the company, valued at $7,414,837.50. This represents a 28.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Andrew Ross Camden also recently made the following trade(s):

• On Monday, March 16th, Andrew Ross Camden sold 9,625 shares of Unusual Machines stock. The stock was sold at an average price of $18.57, for a total value of $178,736.25.

Unusual Machines Price Performance

Shares of UMAC stock opened at $26.70 on Friday. The business’s fifty day moving average price is $16.68 and its 200 day moving average price is $14.62. Unusual Machines, Inc. has a 1-year low of $6.61 and a 1-year high of $34.36. The firm has a market capitalization of $1.28 billion, a PE ratio of -63.57 and a beta of 14.62.

Unusual Machines (NYSEAMERICAN:UMAC) last posted 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 for the quarter, compared to analysts’ expectations of $5.54 million. Unusual Machines had a negative return on equity of 11.83% and a negative net margin of 32.71%. Equities research analysts expect that Unusual Machines, Inc. will post -0.38 earnings per share for the current fiscal year.

Institutional Trading of Unusual Machines

A number of institutional investors have recently bought and sold shares of UMAC. Geode Capital Management LLC boosted its position in Unusual Machines by 89.1% during the second quarter. Geode Capital Management LLC now owns 222,927 shares of the company’s stock worth $1,911,000 after purchasing an additional 105,020 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Unusual Machines in the second quarter valued at $1,251,000. Bank of America Corp DE lifted its position in shares of Unusual Machines by 7,372.6% in the second quarter. Bank of America Corp DE now owns 7,099 shares of the company’s stock valued at $61,000 after acquiring an additional 7,004 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Unusual Machines by 4,639.7% in the second quarter. Tower Research Capital LLC TRC now owns 13,366 shares of the company’s stock valued at $115,000 after acquiring an additional 13,084 shares in the last quarter. Finally, AlphaQuest LLC purchased a new stake in shares of Unusual Machines in the third quarter valued at $558,000.

Analyst Upgrades and Downgrades

A number of research firms have commented on UMAC. Needham & Company LLC boosted their target price on Unusual Machines from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Roth Mkm boosted their target price on Unusual Machines to $40.00 and gave the stock a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Unusual Machines has a consensus rating of “Buy” and a consensus target price of $27.33.

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.