Resetting shot clock?

[Art H]

I had a game last night, a Girls Varsity, and the situation was as follows: Team A has posession in their front court with 5 secs on shot clock. Player from Team A shoots a 3 point shot, it doesn't hit rim (air ball) the ball hits the floor, player B and player A both grab the ball and we blow a held ball. There's 2 secs left on the shot clock. Team A has the posession arrow. Do we reset the clock? We didn't reset the clock but now I think we should have. I thought the ball no longer has any team or player posession once a shot is made. What's the opinion of this forum?