Insider Selling: ScanTech AI Systems (NASDAQ:STAI) Major Shareholder Sells $34,300.00 in Stock

ScanTech AI Systems Inc. (NASDAQ:STAI) major shareholder Global Asset Managemen Seaport sold 70,000 shares of the company’s 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 owned 731,867 shares of the company’s stock, valued at $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 is available at the SEC website. Large shareholders that own 10% or more 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 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 transaction 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 shares were sold at an average price of $4.29, for a total value of $12,870.00.

ScanTech AI Systems Stock Performance

NASDAQ:STAI opened at $0.25 on Friday. The firm has a market cap of $939,000.00, a PE ratio of -0.03 and a beta of -0.47. The business has a 50 day moving average price of $2.64 and a 200-day moving average price of $6.97. ScanTech AI Systems Inc. has a fifty-two week low of $0.16 and a fifty-two week high of $104.00.

Analyst Upgrades and Downgrades

STAI has been the subject of several research reports. Wall Street Zen upgraded shares of ScanTech AI Systems to a “sell” rating in a report on Saturday, December 20th. Weiss Ratings restated a “sell (e+)” rating on shares of ScanTech AI Systems in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ScanTech AI Systems stock. Goldman Sachs Group Inc. purchased a new position in ScanTech AI Systems Inc. (NASDAQ:STAI) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 18,969 shares of the company’s stock, valued at approximately $39,000. Goldman Sachs Group Inc. owned approximately 0.42% of ScanTech AI Systems at the end of the most recent quarter. 74.04% of the stock is currently owned by hedge funds and other institutional investors.

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.