Montana Technologies Co. (NASDAQ:AIRJ) Major Shareholder John Yogi Spence Acquires 11,765 Shares

Montana Technologies Co. (NASDAQ:AIRJ) major shareholder John Yogi Spence purchased 11,765 shares of the stock in a transaction on Wednesday, September 18th. The stock was acquired at an average price of $8.50 per share, with a total value of $100,002.50. Following the acquisition, the insider now directly owns 61,666 shares in the company, valued at $524,161. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Montana Technologies Stock Performance

Shares of AIRJ stock opened at $6.00 on Tuesday. Montana Technologies Co. has a 1-year low of $4.94 and a 1-year high of $49.11. The firm’s 50-day simple moving average is $6.29 and its 200-day simple moving average is $9.50.

Montana Technologies (NASDAQ:AIRJ) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $0.24 earnings per share for the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AIRJ. Quarry LP acquired a new stake in Montana Technologies during the second quarter worth about $81,000. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Montana Technologies during the 2nd quarter worth about $160,000. Finally, K2 Principal Fund L.P. acquired a new stake in Montana Technologies during the 1st quarter worth approximately $948,000. Institutional investors and hedge funds own 63.65% of the company’s stock.

About Montana Technologies

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.