Key Points
- Global Asset Managemen Seaport sold 3,000 shares of ScanTech AI Systems on Dec. 22 at an average price of $4.15 for $12,450, leaving it with 801,867 shares — a 0.37% reduction in its stake.
- The Dec. 22 sale is part of a string of recent insider disposals (including Dec. 16 and multiple October sales of 6,681 and 6,250 shares at roughly $13.80–$14.60), indicating continued insider selling activity.
- Company fundamentals are weak: market cap about $10.11 million, latest quarterly EPS was ($3.60) with a negative net margin of 477.09%, the stock sits near its 12‑month low, and analysts have a consensus "Sell" rating.
ScanTech AI Systems Inc. (NASDAQ:STAI - Get Free Report) major shareholder Global Asset Managemen Seaport sold 3,000 shares of the stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $4.15, for a total transaction of $12,450.00. Following the transaction, the insider directly owned 801,867 shares in the company, valued at approximately $3,327,748.05. The trade was a 0.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions 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 stock was sold at an average price of $3.80, for a total transaction of $380.00.
- On Tuesday, December 16th, Global Asset Managemen Seaport sold 3,000 shares of ScanTech AI Systems stock. The stock was sold at an average price of $4.29, for a total transaction of $12,870.00.
- 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 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.
ScanTech AI Systems Price Performance
Shares of ScanTech AI Systems stock opened at $2.69 on Tuesday. The business has a 50 day simple moving average of $7.29 and a two-hundred day simple moving average of $9.82. ScanTech AI Systems Inc. has a 12 month low of $2.60 and a 12 month high of $104.00. The stock has a market capitalization of $10.11 million, a P/E ratio of -0.29 and a beta of -0.78.
ScanTech AI Systems (NASDAQ:STAI - Get Free Report) last issued its quarterly earnings results on Friday, December 12th. The company reported ($3.60) earnings per share (EPS) for the quarter. ScanTech AI Systems had a negative return on equity of 11.25% and a negative net margin of 477.09%.The firm had revenue of $0.63 million during the quarter.
Hedge Funds Weigh In On ScanTech AI Systems
A number of institutional investors have recently added to or reduced their stakes in STAI. Goldman Sachs Group Inc. acquired a new position in ScanTech AI Systems during the first quarter worth $39,000. York Capital Management Global Advisors LLC purchased a new position in shares of ScanTech AI Systems during the 2nd quarter worth $1,136,000. Finally, Polar Asset Management Partners Inc. acquired a new position in shares of ScanTech AI Systems during the 1st quarter valued at about $3,045,000. Hedge funds and other institutional investors own 74.04% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on STAI shares. Wall Street Zen raised shares of ScanTech AI Systems to a "sell" rating in a report on Saturday, December 20th. Weiss Ratings reissued a "sell (e+)" rating on shares of ScanTech AI Systems in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Sell".
Check Out Our Latest Stock Report on ScanTech AI Systems
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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