Insider Buying: AI Firm Amesite (NASDAQ: AMST) CEO Ann Marie Sastry Picks Up Company Stock Multiple Times, Has Never Sold Stock To Date
Detroit, Michigan
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March 07, 2023 09:25 AM Eastern Standard Time
By David Willey, Benzinga
Read the latest report on Amesite Inc. here!
Ann Marie Sastry, the CEO of Amesite Inc. (NASDAQ: AMST), has made multiple stock purchases in the company. Amesite is an artificial intelligence (AI) software company that offers leading eLearning opportunities. According to the Form 4 filed with the Securities and Exchange Commission (SEC), Sastry acquired 2,000 shares of common stock at $3 a share, for the purchase price of $6,000.
This is the third in a series of recent stock purchases that Sastry has made. In February she purchased 2,000 shares of common stock at $2.42 a share, for a total purchase price of $4,800. Then again in early March she purchased an additional 2,000 shares at $3 a share.
Sastry has also never sold any of her common stock shares for Amesite, which trades on the NASDAQ. The three most recent stock purchases brought the number of common stock shares owned by Sastry to over 531,000.
Insider buying, where a CEO or other company executive purchases company shares, can be viewed as a sign that those inside the company have confidence in the future growth and prospects of the company as well as being optimistic about the future value and growth in the company’s share price.
Amesite delivers its AI-powered platform for eLearning and upskilling programs for businesses, non-profits and institutes of higher education. The platform uses best-in-class technology to host educational programs and to empower learning communities across the country.
Other companies in the online learning space include Coursera Inc. (NYSE: COUR), 2U (NASDAQ: TWOU) and Powerschool Holdings Inc. (NYSE: PWSC).
Interested in learning more about Amesite? Visit its website.
This article was originally published on Benzinga here.
Amesite Inc., an artificial intelligence driven platform and course designer, provides online products in the United States. The company uses machine learning to offer a mass customized experience to learners. Its customers include businesses, universities and colleges, K-12 schools, and non-profit organizations. The company was incorporated in 2017 and is headquartered in Detroit, Michigan.
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