AIRO Group (NASDAQ:AIRO) COO John Uczekaj Sells 3,415 Shares of Stock

AIRO Group Holdings, Inc. (NASDAQ:AIRO) COO John Uczekaj sold 3,415 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $8.84, for a total transaction of $30,188.60. Following the completion of the sale, the chief operating officer directly owned 20,111 shares in the company, valued at approximately $177,781.24. This trade represents a 14.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

John Uczekaj also recently made the following trade(s):

• On Thursday, March 12th, John Uczekaj sold 396 shares of AIRO Group stock. The shares were sold at an average price of $10.43, for a total transaction of $4,130.28.

AIRO Group Stock Up 0.5%

Shares of NASDAQ:AIRO opened at $8.75 on Tuesday. The firm’s 50 day moving average price is $9.71 and its 200 day moving average price is $11.95. The stock has a market cap of $275.01 million and a price-to-earnings ratio of 437.50. AIRO Group Holdings, Inc. has a fifty-two week low of $7.28 and a fifty-two week high of $39.07.

AIRO Group (NASDAQ:AIRO) last issued its earnings results on Tuesday, March 31st. The company reported $0.02 earnings per share for the quarter. The firm had revenue of $48.28 million during the quarter.

Hedge Funds Weigh In On AIRO Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Strs Ohio purchased a new stake in shares of AIRO Group during the 3rd quarter worth $25,000. Raymond James Financial Inc. purchased a new stake in shares of AIRO Group during the 2nd quarter worth $43,000. Invesco Ltd. boosted its position in shares of AIRO Group by 1.2% during the 4th quarter. Invesco Ltd. now owns 200,630 shares of the company’s stock worth $1,641,000 after purchasing an additional 2,395 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of AIRO Group during the 2nd quarter worth $60,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of AIRO Group during the 3rd quarter worth approximately $54,000.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AIRO. Wall Street Zen raised shares of AIRO Group from a “sell” rating to a “hold” rating in a report on Saturday, December 20th. Mizuho cut their price objective on shares of AIRO Group from $25.00 to $20.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Finally, Weiss Ratings reissued a “sell (e)” rating on shares of AIRO Group in a report on Monday, December 29th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.