SES AI Co. (NYSE:SES) Major Shareholder Sells $146,370.60 in Stock

SES AI Co. (NYSE:SES) major shareholder Sk Inc. sold 243,951 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $0.60, for a total transaction of $146,370.60. Following the completion of the transaction, the insider now directly owns 40,784,454 shares in the company, valued at $24,470,672.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own 10% or more 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, 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 Stock Up 3.6 %

SES AI stock opened at $0.62 on Monday. SES AI Co. has a 52-week low of $0.57 and a 52-week high of $2.66. The firm’s fifty day moving average is $0.94 and its 200 day moving average is $1.20. The company has a market cap of $219.99 million, a price-to-earnings ratio of -3.85 and a beta of 2.39.

SES AI (NYSE:SES) last announced its earnings results on Monday, July 29th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.02). During the same quarter in the previous year, the firm posted ($0.04) EPS. On average, equities research analysts anticipate that SES AI Co. will post -0.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on SES shares. Wolfe Research assumed coverage on SES AI in a research report on Thursday, September 5th. They set an “underperform” rating and a $1.00 price objective for the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $1.50 price target on shares of SES AI in a report on Tuesday, September 10th.

Institutional Investors Weigh In On SES AI

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its holdings 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 worth $535,000 after purchasing an additional 71,794 shares during the period. Vanguard Group Inc. boosted 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 during the period. EntryPoint Capital LLC purchased a new position in SES AI during the first quarter worth $88,000. SG Americas Securities LLC increased its position in SES AI by 91.6% during the third quarter. SG Americas Securities LLC now owns 66,573 shares of the company’s stock valued at $43,000 after acquiring an additional 31,832 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of 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 during the period. 29.78% of the stock is currently owned by hedge funds and other 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.