AIRO Group (NASDAQ:AIRO) CFO Mariya Pylypiv Sells 30,028 Shares

AIRO Group Holdings, Inc. (NASDAQ:AIRO) CFO Mariya Pylypiv sold 30,028 shares of the stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $7.66, for a total value of $230,014.48. Following the sale, the chief financial officer owned 80,188 shares of the company’s stock, valued at $614,240.08. This trade represents a 27.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

AIRO Group Stock Up 6.3%

AIRO opened at $7.99 on Friday. The firm has a market cap of $251.29 million and a PE ratio of -17.00. The business has a fifty day simple moving average of $7.86 and a 200-day simple moving average of $9.16. AIRO Group Holdings, Inc. has a fifty-two week low of $5.71 and a fifty-two week high of $29.20.

AIRO Group (NASDAQ:AIRO) last announced its earnings results on Thursday, May 14th. The company reported ($0.49) earnings per share (EPS) for the quarter. AIRO Group had a negative return on equity of 2.44% and a negative net margin of 19.98%.The company had revenue of $8.90 million for the quarter. On average, equities research analysts anticipate that AIRO Group Holdings, Inc. will post -0.63 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Fortress Investment Group LLC purchased a new stake in AIRO Group in the 3rd quarter worth approximately $2,222,000. HighTower Advisors LLC boosted its stake in shares of AIRO Group by 936.8% during the 4th quarter. HighTower Advisors LLC now owns 666,176 shares of the company’s stock valued at $5,449,000 after buying an additional 601,924 shares during the period. MYDA Advisors LLC purchased a new position in shares of AIRO Group during the 4th quarter valued at $1,963,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of AIRO Group during the 4th quarter valued at $30,000. Finally, Aristides Capital LLC acquired a new position in shares of AIRO Group in the fourth quarter worth $197,000.

Analysts Set New Price Targets

A number of analysts have commented on AIRO shares. Zacks Research raised shares of AIRO Group to a “hold” rating in a research note on Wednesday, April 15th. BTIG Research reissued a “neutral” rating on shares of AIRO Group in a research report on Wednesday, April 8th. Weiss Ratings restated a “sell (e+)” rating on shares of AIRO Group in a report on Friday, May 29th. Finally, Wall Street Zen upgraded shares of AIRO Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 13th. Two research 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $19.67.

About AIRO Group

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.