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

ScanTech AI Systems Inc. (NASDAQ:STAI) major shareholder Global Asset Managemen Seaport sold 3,000 shares of the firm’s 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 sale, the insider owned 804,967 shares of the company’s stock, valued at $3,453,308.43. This trade represents a 0.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock 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 transaction of $380.00.
• On Tuesday, October 28th, Global Asset Managemen Seaport sold 500 shares of ScanTech AI Systems stock. The shares were sold at an average price of $13.20, for a total transaction 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 transaction of $92,197.80.
• On Friday, October 10th, Global Asset Managemen Seaport sold 6,250 shares of ScanTech AI Systems stock. The stock was sold at an average price of $14.60, for a total transaction 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 Trading Up 0.6%

Shares of NASDAQ STAI opened at $3.20 on Friday. The stock has a fifty day simple moving average of $8.23 and a two-hundred day simple moving average of $10.41. ScanTech AI Systems Inc. has a 1-year low of $3.04 and a 1-year high of $104.00. The firm has a market cap of $12.03 million, a price-to-earnings ratio of -8.65 and a beta of -0.79.

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

Wall Street Analysts Forecast Growth

STAI has been the subject of several recent research reports. Wall Street Zen upgraded shares of ScanTech AI Systems to a “sell” rating in a research note on Saturday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ScanTech AI Systems in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Hedge Funds Weigh In On ScanTech AI Systems

Hedge funds and other institutional investors have recently bought and sold shares of the stock. York Capital Management Global Advisors LLC bought a new position in shares of ScanTech AI Systems in the 2nd quarter worth $1,136,000. Polar Asset Management Partners Inc. bought a new stake in shares of ScanTech AI Systems during the 1st quarter worth $3,045,000. Finally, Goldman Sachs Group Inc. purchased a new position in ScanTech AI Systems in the first quarter worth $39,000. Hedge funds and other institutional investors own 74.04% of the company’s stock.

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.