SES AI Sees Unusually Large Options Volume (NYSE:SES)

SES AI Co. (NYSE:SES) was the target of unusually large options trading activity on Tuesday. Stock investors bought 5,279 call options on the company. This represents an increase of 2,566% compared to the average daily volume of 198 call options.

Insider Transactions at SES AI

In other news, major shareholder General Motors Holdings Llc sold 13,332,000 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $0.20, for a total transaction of $2,666,400.00. Following the sale, the insider now owns 9,843,622 shares in the company, valued at $1,968,724.40. This trade represents a 57.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Sk Inc. sold 400,000 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $0.60, for a total value of $240,000.00. Following the completion of the transaction, the insider now owns 38,762,803 shares of the company’s stock, valued at $23,257,681.80. The trade was a 1.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,032,037 shares of company stock worth $3,706,540 over the last ninety days. 15.07% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On SES AI

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in SES AI by 2.8% in the third quarter. Geode Capital Management LLC now owns 3,094,624 shares of the company’s stock valued at $1,980,000 after purchasing an additional 83,607 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of SES AI by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,162,112 shares of the company’s stock valued at $744,000 after purchasing an additional 46,778 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of SES AI by 20.2% during 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 during the last quarter. Squarepoint Ops LLC grew its position in shares of SES AI by 1,039.9% during the second quarter. Squarepoint Ops LLC now owns 246,964 shares of the company’s stock worth $309,000 after buying an additional 225,299 shares in the last quarter. Finally, Barclays PLC grew its holdings in SES AI by 281.1% during the 3rd quarter. Barclays PLC now owns 171,860 shares of the company’s stock worth $109,000 after acquiring an additional 126,763 shares in the last quarter. 29.78% of the stock is 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 reiterated a “hold” rating and issued a $1.50 price target on shares of SES AI in a report on Tuesday, September 10th. Wolfe Research assumed coverage on SES AI in a report on Thursday, September 5th. They set an “underperform” rating and a $1.00 target price for the company.

SES AI Trading Up 36.3 %

NYSE:SES opened at $0.71 on Wednesday. The firm’s fifty day simple moving average is $0.43 and its 200 day simple moving average is $0.82. SES AI has a twelve month low of $0.20 and a twelve month high of $2.02. The firm has a market capitalization of $256.02 million, a price-to-earnings ratio of -3.09 and a beta of 2.27.

SES AI (NYSE:SES) last released its quarterly earnings results on Thursday, October 31st. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.04). During the same period in the previous year, the firm posted ($0.04) earnings per share. On average, analysts predict that SES AI will post -0.23 earnings per share for the current year.

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.