AirJoule Technologies (NASDAQ:AIRJ) Chairman Patrick Eilers Purchases 76,923 Shares

AirJoule Technologies Corporation (NASDAQ:AIRJ) Chairman Patrick Eilers purchased 76,923 shares of AirJoule Technologies 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 $249,999.75. Following the transaction, the chairman owned 1,860,518 shares in the company, valued at approximately $6,046,683.50. The trade was a 4.31% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

AirJoule Technologies Trading Down 1.8%

Shares of AirJoule Technologies stock opened at $3.31 on Wednesday. AirJoule Technologies Corporation has a twelve month low of $2.61 and a twelve month high of $9.31. The firm has a market capitalization of $200.85 million, a PE ratio of -22.07 and a beta of 0.46. The firm’s 50-day moving average price is $3.63 and its 200 day moving average price is $4.42.

AirJoule Technologies (NASDAQ:AIRJ) last posted its quarterly earnings data on Thursday, November 13th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.03. On average, sell-side analysts predict that AirJoule Technologies Corporation will post 4.97 EPS for the current fiscal year.

Institutional Trading of AirJoule Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Group One Trading LLC increased its position in AirJoule Technologies by 45.6% during the third quarter. Group One Trading LLC now owns 13,100 shares of the company’s stock worth $61,000 after purchasing an additional 4,100 shares during the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of AirJoule Technologies in the 2nd quarter valued at approximately $29,000. Nisa Investment Advisors LLC acquired a new stake in shares of AirJoule Technologies during the 2nd quarter worth approximately $29,000. Raymond James Financial Inc. purchased a new stake in shares of AirJoule Technologies during the 2nd quarter valued at approximately $31,000. Finally, UBS Group AG raised its position in shares of AirJoule Technologies by 5.6% during the 3rd quarter. UBS Group AG now owns 138,678 shares of the company’s stock valued at $650,000 after buying an additional 7,374 shares during the period. 63.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.