SES AI Co. (NYSE:SES) Major Shareholder Sells $172,160.56 in Stock

SES AI Co. (NYSE:SES) major shareholder Holdings (Private) Ltd Temasek sold 165,539 shares of SES AI stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $1.04, for a total transaction of $172,160.56. Following the sale, the insider now directly owns 5,466,590 shares of the company’s stock, valued at approximately $5,685,253.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Holdings (Private) Ltd Temasek also recently made the following trade(s):

• On Wednesday, September 18th, Holdings (Private) Ltd Temasek sold 1,000,000 shares of SES AI stock. The stock was sold at an average price of $0.87, for a total value of $870,000.00.
• On Monday, September 16th, Holdings (Private) Ltd Temasek sold 67,890 shares of SES AI stock. The shares were sold at an average price of $1.02, for a total value of $69,247.80.

SES AI Price Performance

SES AI stock opened at $0.85 on Friday. The firm has a market cap of $303.57 million, a P/E ratio of -5.31 and a beta of 2.43. The business has a fifty day moving average of $1.08 and a two-hundred day moving average of $1.28. SES AI Co. has a twelve month low of $0.81 and a twelve month high of $2.66.

SES AI (NYSE:SES) last released its quarterly earnings results on Monday, July 29th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). During the same period in the previous year, the company earned ($0.04) earnings per share. Equities analysts expect that SES AI Co. will post -0.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $1.50 price target on shares of SES AI in a research note on Tuesday, September 10th. Wolfe Research initiated coverage on shares of SES AI in a report on Thursday, September 5th. They set an “underperform” rating and a $1.00 target price on the stock.

Hedge Funds Weigh In On SES AI

Large investors have recently added to or reduced their stakes in the company. EntryPoint Capital LLC bought a new stake in shares of SES AI in the 1st quarter valued at about $88,000. Renaissance Technologies LLC boosted its stake in SES AI by 62.8% in the second quarter. Renaissance Technologies LLC now owns 121,300 shares of the company’s stock valued at $152,000 after acquiring an additional 46,800 shares in the last quarter. Squarepoint Ops LLC grew its holdings in SES AI by 1,039.9% in the second quarter. Squarepoint Ops LLC now owns 246,964 shares of the company’s stock worth $309,000 after purchasing an additional 225,299 shares during the last quarter. Bank of New York Mellon Corp increased its position 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 worth $535,000 after purchasing an additional 71,794 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of SES AI by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 11,830,407 shares of the company’s stock valued at $19,875,000 after purchasing an additional 82,245 shares during the last quarter. 29.78% of the stock is currently owned by institutional investors.

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.