SES AI Co. (NYSE:SES) Major Shareholder Sells $240,000.00 in Stock

SES AI Co. (NYSE:SES) major shareholder Sk Inc. sold 400,000 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $0.60, for a total transaction of $240,000.00. Following the completion of the sale, the insider now directly owns 38,762,803 shares in the company, valued at approximately $23,257,681.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Sk Inc. also recently made the following trade(s):

• On Monday, October 14th, Sk Inc. sold 400,000 shares of SES AI stock. The stock was sold at an average price of $0.62, for a total transaction of $248,000.00.
• On Friday, October 11th, Sk Inc. sold 400,000 shares of SES AI stock. The shares were sold at an average price of $0.61, for a total transaction of $244,000.00.
• On Wednesday, October 9th, Sk Inc. sold 2,481 shares of SES AI stock. The stock was sold at an average price of $0.60, for a total value of $1,488.60.
• On Monday, October 7th, Sk Inc. sold 82,429 shares of SES AI stock. The stock was sold at an average price of $0.60, for a total value of $49,457.40.
• On Friday, October 4th, Sk Inc. sold 100,000 shares of SES AI stock. The shares were sold at an average price of $0.61, for a total value of $61,000.00.
• On Wednesday, October 2nd, Sk Inc. sold 243,951 shares of SES AI stock. The stock was sold at an average price of $0.60, for a total value of $146,370.60.
• On Monday, September 30th, Sk Inc. sold 71,176 shares of SES AI stock. The shares were sold at an average price of $0.70, for a total transaction of $49,823.20.

SES AI Price Performance

Shares of NYSE SES opened at $0.64 on Monday. The stock has a market capitalization of $228.17 million, a P/E ratio of -3.99 and a beta of 2.39. SES AI Co. has a one year low of $0.55 and a one year high of $2.57. The firm’s 50 day simple moving average is $0.85 and its two-hundred day simple moving average is $1.13.

SES AI (NYSE:SES) last announced its quarterly earnings data on Monday, July 29th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). During the same quarter in the prior year, the firm earned ($0.04) EPS. As a group, equities analysts expect that SES AI Co. will post -0.23 earnings per share for the current fiscal year.

Institutional Trading of SES AI

Several institutional investors have recently added to or reduced their stakes in the business. EntryPoint Capital LLC bought a new stake in shares of SES AI in the 1st quarter valued at about $88,000. SG Americas Securities LLC increased its stake in SES AI by 91.6% in the 3rd quarter. SG Americas Securities LLC now owns 66,573 shares of the company’s stock worth $43,000 after purchasing an additional 31,832 shares during the period. Renaissance Technologies LLC increased its stake in SES AI by 62.8% in the 2nd quarter. Renaissance Technologies LLC now owns 121,300 shares of the company’s stock worth $152,000 after purchasing an additional 46,800 shares during the period. Squarepoint Ops LLC lifted its position in SES AI by 1,039.9% in the second quarter. Squarepoint Ops LLC now owns 246,964 shares of the company’s stock valued at $309,000 after purchasing an additional 225,299 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of SES AI by 20.2% during the second quarter. Bank of New York Mellon Corp now owns 427,944 shares of the company’s stock valued at $535,000 after purchasing an additional 71,794 shares during the period. 29.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SES has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $1.50 price target on shares of SES AI in a report on Tuesday, September 10th. Wolfe Research began coverage on SES AI in a research note on Thursday, September 5th. They issued an “underperform” rating and a $1.00 target price on the stock.

SES AI Company Profile

SES AI Corporation engages in the development and production of high-performance Lithium-metal rechargeable batteries for electric vehicles, electric vehicle take-off and landing, and other applications. The company was founded in 2012 and is headquartered in Woburn, Massachusetts.