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

ScanTech AI Systems Inc. (NASDAQ:STAI) major shareholder Global Asset Managemen Seaport sold 70,000 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $0.49, for a total value of $34,300.00. Following the sale, the insider owned 731,867 shares in the company, valued at $358,614.83. The trade was a 8.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Major shareholders that own at least 10% of a company’s stock 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 stock was sold at an average price of $4.29, for a total transaction of $12,870.00.

ScanTech AI Systems Price Performance

NASDAQ STAI opened at $0.20 on Friday. ScanTech AI Systems Inc. has a 12 month low of $0.16 and a 12 month high of $104.00. The firm has a market capitalization of $751,200.00, a PE ratio of -0.02 and a beta of -0.47. The company’s 50 day simple moving average is $2.75 and its 200 day simple moving average is $7.17.

Analysts Set New Price Targets

STAI has been the topic of several research analyst reports. Wall Street Zen upgraded ScanTech AI Systems to a “sell” rating in a research report on Saturday, December 20th. Weiss Ratings reaffirmed 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, ScanTech AI Systems 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. acquired a new position in shares of ScanTech AI Systems Inc. (NASDAQ:STAI) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 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 as of its most recent SEC filing. Institutional investors and hedge funds own 74.04% of the company’s stock.

About ScanTech AI Systems

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.