Holdings (Private) Ltd Temasek Sells 1,000,000 Shares of SES AI Co. (NYSE:SES) Stock

SES AI Co. (NYSE:SES) major shareholder Holdings (Private) Ltd Temasek sold 1,000,000 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $0.87, for a total transaction of $870,000.00. Following the sale, the insider now owns 3,018,044 shares in the company, valued at $2,625,698.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% 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 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.
• On Friday, September 13th, Holdings (Private) Ltd Temasek sold 165,539 shares of SES AI stock. The stock was sold at an average price of $1.04, for a total transaction of $172,160.56.

SES AI Stock Performance

SES AI stock opened at $0.76 on Friday. SES AI Co. has a 52-week low of $0.76 and a 52-week high of $2.66. The firm has a 50 day moving average price of $1.07 and a two-hundred day moving average price of $1.28. The firm has a market cap of $271.61 million, a price-to-earnings ratio of -5.20 and a beta of 2.43.

SES AI (NYSE:SES) last released its quarterly earnings data 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 in the prior year, the company posted ($0.04) EPS. As a group, equities research analysts predict that SES AI Co. will post -0.23 EPS for the current fiscal year.

Institutional Trading of SES AI

Several hedge funds have recently bought and sold shares of the business. Squarepoint Ops LLC boosted its holdings in SES AI by 1,039.9% during the 2nd quarter. Squarepoint Ops LLC now owns 246,964 shares of the company’s stock worth $309,000 after acquiring an additional 225,299 shares during the last quarter. Renaissance Technologies LLC raised its stake 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 acquiring an additional 46,800 shares during the period. Bank of New York Mellon Corp raised its stake in 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 acquiring an additional 71,794 shares during the period. EntryPoint Capital LLC bought a new stake in SES AI in the 1st quarter valued at about $88,000. Finally, Vanguard Group Inc. raised its stake in SES AI by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 11,830,407 shares of the company’s stock valued at $19,875,000 after acquiring an additional 82,245 shares during the period. Institutional investors and hedge funds own 29.78% of the company’s stock.

Wall Street Analysts Forecast Growth

SES has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $1.50 price objective on shares of SES AI in a research note on Tuesday, September 10th. Wolfe Research assumed coverage on shares of SES AI in a research note on Thursday, September 5th. They issued an “underperform” rating and a $1.00 price target on the stock.

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.