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 the company’s stock in a transaction on Friday, September 13th. The stock was 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 $5,685,253.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, September 16th, Holdings (Private) Ltd Temasek sold 67,890 shares of SES AI stock. The stock was sold at an average price of $1.02, for a total transaction of $69,247.80.

SES AI Price Performance

Shares of SES AI stock opened at $0.86 on Thursday. The company has a market cap of $307.35 million, a PE ratio of -5.38 and a beta of 2.43. The firm has a fifty day moving average price of $1.09 and a two-hundred day moving average price of $1.28. SES AI Co. has a fifty-two week low of $0.81 and a fifty-two week high of $2.66.

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

Institutional Trading of SES AI

Hedge funds have recently modified their holdings of the company. EntryPoint Capital LLC bought a new stake in shares of SES AI during the first quarter valued at approximately $88,000. Renaissance Technologies LLC increased its holdings in SES AI by 62.8% in the 2nd quarter. Renaissance Technologies LLC now owns 121,300 shares of the company’s stock valued at $152,000 after buying an additional 46,800 shares during the period. Squarepoint Ops LLC increased its holdings in SES AI by 1,039.9% in the 2nd quarter. Squarepoint Ops LLC now owns 246,964 shares of the company’s stock valued at $309,000 after buying an additional 225,299 shares during the period. Bank of New York Mellon Corp raised its stake in shares of SES AI by 20.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 427,944 shares of the company’s stock valued at $535,000 after buying 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 worth $19,875,000 after acquiring an additional 82,245 shares during the period. Institutional investors own 29.78% of the company’s stock.

Analyst Ratings Changes

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

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.