ScanTech AI Systems (NASDAQ:STAI) Major Shareholder Global Asset Managemen Seaport Sells 3,000 Shares

ScanTech AI Systems Inc. (NASDAQ:STAI) major shareholder Global Asset Managemen Seaport sold 3,000 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $4.29, for a total transaction of $12,870.00. Following the transaction, the insider directly owned 804,967 shares in the company, valued at $3,453,308.43. This trade represents a 0.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Global Asset Managemen Seaport also recently made the following trade(s):

• On Wednesday, December 17th, Global Asset Managemen Seaport sold 100 shares of ScanTech AI Systems stock. The shares were sold at an average price of $3.80, for a total value of $380.00.
• On Tuesday, October 28th, Global Asset Managemen Seaport sold 500 shares of ScanTech AI Systems stock. The stock was sold at an average price of $13.20, for a total value of $6,600.00.
• On Monday, October 27th, Global Asset Managemen Seaport sold 6,681 shares of ScanTech AI Systems stock. The stock was sold at an average price of $13.80, for a total value of $92,197.80.
• On Friday, October 10th, Global Asset Managemen Seaport sold 6,250 shares of ScanTech AI Systems stock. The shares were sold at an average price of $14.60, for a total value of $91,250.00.
• On Friday, September 19th, Global Asset Managemen Seaport sold 5,750 shares of ScanTech AI Systems stock. The shares were sold at an average price of $10.20, for a total value of $58,650.00.

ScanTech AI Systems Price Performance

Shares of NASDAQ:STAI traded down $0.43 during trading on Thursday, reaching $3.18. 140,655 shares of the stock were exchanged, compared to its average volume of 298,091. ScanTech AI Systems Inc. has a 1-year low of $3.04 and a 1-year high of $104.00. The stock has a fifty day moving average of $8.53 and a two-hundred day moving average of $10.54. The firm has a market cap of $11.96 million, a price-to-earnings ratio of -8.59 and a beta of -0.79.

ScanTech AI Systems (NASDAQ:STAI) last announced its quarterly earnings results on Friday, December 12th. The company reported ($3.60) EPS for the quarter. ScanTech AI Systems had a negative net margin of 477.09% and a negative return on equity of 11.25%. The business had revenue of $0.63 million for the quarter.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on STAI. Weiss Ratings restated a “sell (e+)” rating on shares of ScanTech AI Systems in a report on Wednesday, October 8th. Wall Street Zen raised ScanTech AI Systems to a “sell” rating in a research note on Friday, September 26th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, ScanTech AI Systems has a consensus rating of “Sell”.

Institutional Trading of ScanTech AI Systems

Hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. bought a new position in ScanTech AI Systems in the 1st quarter valued at $39,000. York Capital Management Global Advisors LLC bought a new stake in shares of ScanTech AI Systems during the 2nd quarter worth $1,136,000. Finally, Polar Asset Management Partners Inc. purchased a new position in shares of ScanTech AI Systems in the 1st quarter worth about $3,045,000. 74.04% of the stock is currently owned by institutional investors.

ScanTech AI Systems Company Profile

Scantech AI Systems, Inc engages in the innovation, emerging technology, and machine learning expertise. ScanTech specializes in developing advanced screening technology that provides the most accurate and fastest detection of prohibited materials. The company was founded on September 5, 2023 and is headquartered in Buford, GA.