AirSculpt Technologies (NASDAQ:AIRS) Major Shareholder Jorey Chernett Acquires 40,000 Shares

AirSculpt Technologies, Inc. (NASDAQ:AIRS) major shareholder Jorey Chernett bought 40,000 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The shares were purchased at an average price of $2.77 per share, with a total value of $110,800.00. Following the transaction, the insider directly owned 6,793,761 shares in the company, valued at $18,818,717.97. This represents a 0.59% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Jorey Chernett also recently made the following trade(s):

• On Thursday, March 19th, Jorey Chernett purchased 77,702 shares of AirSculpt Technologies stock. The stock was purchased at an average price of $2.64 per share, for a total transaction of $205,133.28.
• On Tuesday, March 17th, Jorey Chernett acquired 83,000 shares of AirSculpt Technologies stock. The shares were purchased at an average cost of $2.56 per share, for a total transaction of $212,480.00.
• On Monday, March 16th, Jorey Chernett acquired 105,848 shares of AirSculpt Technologies stock. The shares were purchased at an average cost of $2.43 per share, with a total value of $257,210.64.
• On Wednesday, March 11th, Jorey Chernett bought 88,000 shares of AirSculpt Technologies stock. The stock was purchased at an average price of $2.15 per share, with a total value of $189,200.00.
• On Friday, March 6th, Jorey Chernett bought 45,600 shares of AirSculpt Technologies stock. The stock was purchased at an average price of $2.00 per share, with a total value of $91,200.00.
• On Wednesday, March 4th, Jorey Chernett bought 30,000 shares of AirSculpt Technologies stock. The stock was acquired at an average cost of $1.87 per share, for a total transaction of $56,100.00.
• On Tuesday, March 3rd, Jorey Chernett purchased 80,000 shares of AirSculpt Technologies stock. The shares were acquired at an average price of $1.71 per share, for a total transaction of $136,800.00.

AirSculpt Technologies Trading Up 4.9%

AIRS stock opened at $2.78 on Tuesday. The business has a fifty day moving average price of $2.27 and a 200 day moving average price of $4.54. AirSculpt Technologies, Inc. has a fifty-two week low of $1.51 and a fifty-two week high of $12.00. The stock has a market capitalization of $173.58 million, a price-to-earnings ratio of -9.27 and a beta of 2.76. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.51 and a quick ratio of 0.51.

Institutional Trading of AirSculpt Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd bought a new position in AirSculpt Technologies in the 4th quarter worth approximately $155,000. Aristides Capital LLC acquired a new stake in shares of AirSculpt Technologies in the 4th quarter valued at $140,000. Virtu Financial LLC acquired a new stake in shares of AirSculpt Technologies in the 4th quarter valued at $30,000. XTX Topco Ltd raised its position in shares of AirSculpt Technologies by 265.2% during the fourth quarter. XTX Topco Ltd now owns 179,813 shares of the company’s stock worth $356,000 after acquiring an additional 130,581 shares during the last quarter. Finally, Tudor Investment Corp ET AL acquired a new position in shares of AirSculpt Technologies during the fourth quarter valued at $219,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of AirSculpt Technologies in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $6.00.

AirSculpt Technologies Company Profile

AirSculpt Technologies, Inc (NASDAQ: AIRS) is a medical technology company specializing in minimally invasive body contouring. The company’s flagship AirSculpt® platform combines pneumatic power with precision microcannulas to deliver fat removal, transfer and sculpting procedures. AirSculpt Technologies partners with both company-owned and franchised cosmetic surgery practices to offer a streamlined, office-based alternative to traditional liposuction.

Through its proprietary system, AirSculpt Technologies provides both consumers and medical professionals with an integrated solution that emphasizes reduced downtime, smaller incision sites, and more predictable outcomes.