Hong Gan Sells 25,000 Shares of SES AI Co. (NYSE:SES) Stock

SES AI Co. (NYSE:SES) insider Hong Gan sold 25,000 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $1.17, for a total transaction of $29,250.00. Following the completion of the transaction, the insider now owns 825,506 shares in the company, valued at $965,842.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Hong Gan also recently made the following trade(s):

• On Wednesday, May 8th, Hong Gan sold 25,000 shares of SES AI stock. The shares were sold at an average price of $1.42, for a total transaction of $35,500.00.

SES AI Stock Performance

SES stock opened at $1.09 on Thursday. The company’s 50-day simple moving average is $1.30 and its 200 day simple moving average is $1.46. SES AI Co. has a 52 week low of $1.07 and a 52 week high of $3.21.

SES AI (NYSE:SES) last announced its quarterly earnings data on Thursday, May 2nd. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.05). During the same quarter last year, the company earned ($0.05) EPS. As a group, analysts anticipate that SES AI Co. will post -0.17 earnings per share for the current year.

Institutional Investors Weigh In On SES AI

A number of large investors have recently bought and sold shares of SES. Vanguard Group Inc. grew its stake in SES AI by 0.7% during the first quarter. Vanguard Group Inc. now owns 11,830,407 shares of the company’s stock worth $19,875,000 after buying an additional 82,245 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in SES AI during the first quarter worth about $88,000. Kestra Advisory Services LLC acquired a new stake in SES AI during the third quarter worth about $96,000. Alpine Global Management LLC acquired a new stake in SES AI during the third quarter worth about $45,000. Finally, SG Americas Securities LLC grew its stake in SES AI by 28.3% during the fourth quarter. SG Americas Securities LLC now owns 66,479 shares of the company’s stock worth $122,000 after buying an additional 14,646 shares in the last quarter. 29.78% of the stock is currently owned by institutional investors and hedge funds.

About SES AI

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.