Gary Eugene Strahan Sells 21,470 Shares of MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) Stock

MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) major shareholder Gary Eugene Strahan sold 21,470 shares of the stock in a transaction on Friday, June 20th. The shares were sold at an average price of $0.66, for a total value of $14,170.20. Following the sale, the insider now owns 5,952,618 shares in the company, valued at approximately $3,928,727.88. This represents a 0.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Gary Eugene Strahan also recently made the following trade(s):

• On Monday, June 23rd, Gary Eugene Strahan sold 76,711 shares of MultiSensor AI stock. The shares were sold at an average price of $0.55, for a total value of $42,191.05.
• On Thursday, June 12th, Gary Eugene Strahan sold 8,350 shares of MultiSensor AI stock. The shares were sold at an average price of $0.74, for a total value of $6,179.00.
• On Wednesday, June 4th, Gary Eugene Strahan sold 3,500 shares of MultiSensor AI stock. The shares were sold at an average price of $0.80, for a total value of $2,800.00.
• On Tuesday, June 3rd, Gary Eugene Strahan sold 3,000 shares of MultiSensor AI stock. The shares were sold at an average price of $0.81, for a total value of $2,430.00.

MultiSensor AI Price Performance

Shares of NASDAQ:MSAI opened at $0.59 on Thursday. MultiSensor AI Holdings, Inc. has a 52-week low of $0.52 and a 52-week high of $3.33. The stock’s 50-day simple moving average is $0.78 and its two-hundred day simple moving average is $1.18.

MultiSensor AI (NASDAQ:MSAI) last posted its quarterly earnings data on Tuesday, May 13th. The company reported ($0.14) earnings per share (EPS) for the quarter. The business had revenue of $1.17 million during the quarter, compared to analysts’ expectations of $6.90 million. MultiSensor AI had a negative return on equity of 175.08% and a negative net margin of 349.52%. Equities analysts anticipate that MultiSensor AI Holdings, Inc. will post -0.83 earnings per share for the current year.

Analyst Ratings Changes

Separately, D. Boral Capital reaffirmed a “buy” rating and issued a $2.50 price objective on shares of MultiSensor AI in a report on Tuesday, June 3rd.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC purchased a new stake in shares of MultiSensor AI in the 4th quarter worth $25,000. SBI Securities Co. Ltd. lifted its position in MultiSensor AI by 310,500.0% during the first quarter. SBI Securities Co. Ltd. now owns 31,060 shares of the company’s stock valued at $29,000 after purchasing an additional 31,050 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in MultiSensor AI by 39.1% during the fourth quarter. Geode Capital Management LLC now owns 179,686 shares of the company’s stock valued at $331,000 after purchasing an additional 50,497 shares during the period. 82.32% of the stock is currently owned by institutional investors.

About MultiSensor AI

MultiSensor AI Holdings, Inc manufactures and distributes multi-sensor systems for thermographic and other use in various industrial applications in the United States and internationally. The company offers sensor devices ranging from small to large handheld designs with built-in displays and controls, fixed-mounted pan-tilt-zoom single- and multi-sensor camera standalone systems, and mobile multi-sensor payload and gimbal systems for unmanned aerial vehicles and unmanned ground vehicles.