AirJoule Technologies (NASDAQ:AIRJ) Director Stuart Porter Buys 153,846 Shares

AirJoule Technologies Corporation (NASDAQ:AIRJ) Director Stuart Porter acquired 153,846 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The shares were bought at an average price of $3.25 per share, with a total value of $499,999.50. Following the acquisition, the director directly owned 776,879 shares of the company’s stock, valued at $2,524,856.75. The trade was a 24.69% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

AirJoule Technologies Stock Performance

Shares of AIRJ stock opened at $3.31 on Wednesday. The firm has a market cap of $200.85 million, a price-to-earnings ratio of -22.07 and a beta of 0.46. AirJoule Technologies Corporation has a 52 week low of $2.61 and a 52 week high of $9.31. The firm’s 50-day simple moving average is $3.63 and its two-hundred day simple moving average is $4.42.

AirJoule Technologies (NASDAQ:AIRJ) last issued its quarterly earnings results on Thursday, November 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.03. Analysts forecast that AirJoule Technologies Corporation will post 4.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on AIRJ. Lucid Cap Mkts upgraded AirJoule Technologies to a “strong-buy” rating in a research note on Monday, December 22nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AirJoule Technologies in a research note on Monday, December 29th. UBS Group set a $7.00 target price on shares of AirJoule Technologies in a research note on Monday, December 22nd. Finally, LADENBURG THALM/SH SH initiated coverage on shares of AirJoule Technologies in a research report on Tuesday, December 16th. They set a “buy” rating and a $8.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, AirJoule Technologies has an average rating of “Moderate Buy” and an average price target of $9.50.

Hedge Funds Weigh In On AirJoule Technologies

Institutional investors have recently made changes to their positions in the stock. Police & Firemen s Retirement System of New Jersey purchased a new position in AirJoule Technologies in the second quarter worth $29,000. Nisa Investment Advisors LLC bought a new stake in AirJoule Technologies during the second quarter worth about $29,000. Raymond James Financial Inc. purchased a new position in shares of AirJoule Technologies in the 2nd quarter worth about $31,000. Group One Trading LLC bought a new position in shares of AirJoule Technologies during the 2nd quarter valued at about $42,000. Finally, Corton Capital Inc. purchased a new position in shares of AirJoule Technologies during the 2nd quarter valued at about $48,000. Institutional investors own 63.65% of the company’s stock.

AirJoule Technologies Company Profile

Montana Technologies Corporation operates as an atmospheric renewable energy and water harvesting technology company. It provides energy and dehumidification, evaporative cooling, and atmospheric water generation through its AirJoule technology. The company is headquartered in Ronan, Montana.