Key Points
- Major shareholder Global Asset Managemen Seaport sold 70,000 shares of ScanTech AI Systems on Feb. 10 at an average price of $0.49 (total $34,300), cutting its stake by 8.73% to 731,867 shares, as disclosed in an SEC Form 4.
- STAI is trading near historic lows — the stock opened at $0.20 with a market cap of $751,200, a 52-week range of $0.16–$104, and 50/200-day moving averages of $2.75 and $7.17, indicating extreme volatility.
- Institutional activity is notable but sentiment is negative: York Capital bought 1,700,000 shares (≈3.52% ownership) and hedge funds own 74.04% of the stock, while analyst coverage averages a "Sell" rating.
ScanTech AI Systems Inc. (NASDAQ:STAI - Get Free Report) major shareholder Global Asset Managemen Seaport sold 70,000 shares of ScanTech AI Systems stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $0.49, for a total value of $34,300.00. Following the completion of the transaction, the insider directly owned 731,867 shares in the company, valued at $358,614.83. This represents a 8.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% 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 Monday, December 22nd, Global Asset Managemen Seaport sold 3,000 shares of ScanTech AI Systems stock. The stock was sold at an average price of $4.15, for a total value of $12,450.00.
- 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.
ScanTech AI Systems Price Performance
STAI stock opened at $0.20 on Friday. The firm has a market capitalization of $751,200.00, a P/E ratio of -0.02 and a beta of -0.47. ScanTech AI Systems Inc. has a 52-week low of $0.16 and a 52-week high of $104.00. The company's 50 day simple moving average is $2.75 and its 200-day simple moving average is $7.17.
Institutional Investors Weigh In On ScanTech AI Systems
A hedge fund recently bought a new stake in ScanTech AI Systems stock. York Capital Management Global Advisors LLC purchased a new stake in shares of ScanTech AI Systems Inc. (NASDAQ:STAI - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,700,000 shares of the company's stock, valued at approximately $1,136,000. ScanTech AI Systems makes up approximately 1.2% of York Capital Management Global Advisors LLC's portfolio, making the stock its 3rd largest position. York Capital Management Global Advisors LLC owned 3.52% of ScanTech AI Systems as of its most recent SEC filing. 74.04% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts have recently issued reports on the company. Weiss Ratings restated a "sell (e+)" rating on shares of ScanTech AI Systems in a report on Thursday, January 22nd. Wall Street Zen raised ScanTech AI Systems to a "sell" rating in a research report on Saturday, December 20th. 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".
View Our Latest Research Report on ScanTech AI Systems
About ScanTech AI Systems
(
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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