Insider Buying: AirSculpt Technologies (NASDAQ:AIRS) Major Shareholder Acquires $205,133.28 in Stock

AirSculpt Technologies, Inc. (NASDAQ:AIRS) major shareholder Jorey Chernett bought 77,702 shares of AirSculpt Technologies stock in a transaction dated Thursday, March 19th. The shares were bought at an average cost of $2.64 per share, for a total transaction of $205,133.28. Following the completion of the acquisition, the insider owned 6,753,761 shares in the company, valued at $17,829,929.04. This represents a 1.16% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Tuesday, March 17th, Jorey Chernett purchased 83,000 shares of AirSculpt Technologies stock. The stock was bought at an average cost of $2.56 per share, with a total value 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 acquired 88,000 shares of AirSculpt Technologies stock. The shares were purchased at an average price of $2.15 per share, for a total transaction 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 cost of $2.00 per share, for a total transaction of $91,200.00.
• On Wednesday, March 4th, Jorey Chernett bought 30,000 shares of AirSculpt Technologies stock. The stock was purchased at an average cost of $1.87 per share, for a total transaction of $56,100.00.
• On Tuesday, March 3rd, Jorey Chernett bought 80,000 shares of AirSculpt Technologies stock. The stock was purchased at an average price of $1.71 per share, with a total value of $136,800.00.

AirSculpt Technologies Stock Performance

Shares of AirSculpt Technologies stock opened at $2.65 on Monday. The company has a 50 day moving average of $2.27 and a 200-day moving average of $4.56. AirSculpt Technologies, Inc. has a 1-year low of $1.51 and a 1-year high of $12.00. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.63. The company has a market cap of $165.47 million, a PE ratio of -8.83 and a beta of 2.76.

Institutional Investors Weigh In On AirSculpt Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets lifted its stake in AirSculpt Technologies by 239.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,952 shares of the company’s stock valued at $48,000 after purchasing an additional 4,199 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of AirSculpt Technologies during the third quarter worth $80,000. Brevan Howard Capital Management LP bought a new stake in shares of AirSculpt Technologies during the third quarter worth $83,000. Jane Street Group LLC acquired a new position in shares of AirSculpt Technologies during the second quarter worth $60,000. Finally, Creative Planning lifted its stake in shares of AirSculpt Technologies by 32.2% in the 2nd quarter. Creative Planning now owns 13,225 shares of the company’s stock valued at $64,000 after acquiring an additional 3,224 shares during the last quarter. 91.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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