Global Asset Managemen Seaport Sells 70,000 Shares of ScanTech AI Systems (NASDAQ:STAI) Stock

ScanTech AI Systems Inc. (NASDAQ:STAI) major shareholder Global Asset Managemen Seaport sold 70,000 shares of ScanTech AI Systems stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $0.49, for a total transaction of $34,300.00. Following the completion of the sale, the insider owned 731,867 shares of the company’s stock, valued at approximately $358,614.83. The trade was a 8.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 Monday, December 22nd, Global Asset Managemen Seaport sold 3,000 shares of ScanTech AI Systems stock. The shares were 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 shares were sold at an average price of $3.80, for a total value 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 value of $12,870.00.

ScanTech AI Systems Stock Performance

Shares of NASDAQ STAI opened at $0.25 on Friday. ScanTech AI Systems Inc. has a 52 week low of $0.16 and a 52 week high of $104.00. The stock’s fifty day moving average is $2.64 and its 200 day moving average is $7.08. The stock has a market capitalization of $939,000.00, a P/E ratio of -0.03 and a beta of -0.47.

Institutional Trading of ScanTech AI Systems

A hedge fund recently bought a new stake in ScanTech AI Systems stock. Goldman Sachs Group Inc. purchased a new stake in ScanTech AI Systems Inc. (NASDAQ:STAI) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 18,969 shares of the company’s stock, valued at approximately $39,000. Goldman Sachs Group Inc. owned about 0.42% of ScanTech AI Systems as of its most recent filing with the Securities and Exchange Commission. 74.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on STAI. Wall Street Zen raised shares of ScanTech AI Systems to a “sell” rating in a research note on Saturday, December 20th. Weiss Ratings reiterated a “sell (e+)” rating on shares of ScanTech AI Systems in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, ScanTech AI Systems has a consensus rating of “Sell”.

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.