Key Points
- Global Asset Managemen Seaport sold 3,000 shares of ScanTech AI Systems on Dec. 16 at an average price of $4.29 (total $12,870), leaving it with 804,967 shares — a 0.37% reduction — disclosed in an SEC Form 4 filing.
- Ongoing insider selling: the firm has sold additional blocks since Sept.–Oct. (including 6,681 and 6,250-share trades in October), amounting to roughly 22,281 shares sold across Sept.–Dec., signalling sustained disposals by the major shareholder.
- Weak fundamentals and negative sentiment: ScanTech has a market cap of $11.34 million, reported a ($3.60) EPS and $0.63M revenue for the quarter, and carries a MarketBeat consensus rating of "Sell."
ScanTech AI Systems Inc. (NASDAQ:STAI - Get Free Report) major shareholder Global Asset Managemen Seaport sold 3,000 shares of the business's stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $4.29, for a total value of $12,870.00. Following the completion of the sale, the insider directly owned 804,967 shares of the company's stock, valued at $3,453,308.43. This represents a 0.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 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 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 value 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 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 transaction of $58,650.00.
ScanTech AI Systems Stock Performance
NASDAQ:STAI opened at $3.02 on Friday. The firm's 50-day moving average is $8.42 and its 200-day moving average is $10.49. The company has a market cap of $11.34 million, a price-to-earnings ratio of -8.16 and a beta of -0.79. ScanTech AI Systems Inc. has a 52-week low of $3.02 and a 52-week high of $104.00.
ScanTech AI Systems (NASDAQ:STAI - Get Free Report) last released its earnings results on Friday, December 12th. The company reported ($3.60) earnings per share for the quarter. The firm had revenue of $0.63 million for the quarter. ScanTech AI Systems had a negative return on equity of 11.25% and a negative net margin of 477.09%.
Analyst Ratings Changes
A number of analysts have weighed in on the company. Wall Street Zen upgraded ScanTech AI Systems to a "sell" rating in a research report on Friday, September 26th. Weiss Ratings restated a "sell (e+)" rating on shares of ScanTech AI Systems in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of "Sell".
View Our Latest Stock Report on STAI
Hedge Funds Weigh In On ScanTech AI Systems
A number of institutional investors and hedge funds have recently modified their holdings of STAI. York Capital Management Global Advisors LLC acquired a new position in shares of ScanTech AI Systems during the second quarter valued at about $1,136,000. Polar Asset Management Partners Inc. purchased a new position in ScanTech AI Systems during the 1st quarter valued at about $3,045,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of ScanTech AI Systems during the 1st quarter valued at about $39,000. 74.04% of the stock is currently owned by institutional investors.
ScanTech AI Systems Company Profile
(
Get Free Report)
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.
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