Insider Selling: SES AI Co. (NYSE:SES) Major Shareholder Sells 400,000 Shares of Stock

SES AI Co. (NYSE:SES) major shareholder Sk Inc. sold 400,000 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $0.61, for a total value of $244,000.00. Following the sale, the insider now directly owns 39,927,701 shares of the company’s stock, valued at approximately $24,355,897.61. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Sk Inc. also recently made the following trade(s):

• On Wednesday, October 9th, Sk Inc. sold 2,481 shares of SES AI stock. The stock was sold at an average price of $0.60, for a total value of $1,488.60.
• On Monday, October 7th, Sk Inc. sold 82,429 shares of SES AI stock. The stock was sold at an average price of $0.60, for a total value of $49,457.40.
• On Friday, October 4th, Sk Inc. sold 100,000 shares of SES AI stock. The shares were sold at an average price of $0.61, for a total value of $61,000.00.
• On Wednesday, October 2nd, Sk Inc. sold 243,951 shares of SES AI stock. The stock was sold at an average price of $0.60, for a total value of $146,370.60.
• 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 value of $49,823.20.

SES AI Stock Performance

Shares of NYSE:SES traded down $0.03 on Tuesday, hitting $0.60. 2,549,021 shares of the company were exchanged, compared to its average volume of 1,114,127. The firm has a market capitalization of $212.89 million, a price-to-earnings ratio of -3.70 and a beta of 2.39. The company’s 50 day moving average price is $0.88 and its two-hundred day moving average price is $1.16. SES AI Co. has a one year low of $0.55 and a one year high of $2.57.

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 analysts’ consensus estimates of ($0.04) by ($0.02). During the same period in the prior year, the business posted ($0.04) EPS. Research analysts predict that SES AI Co. will post -0.23 earnings per share for the current year.

Institutional Trading of SES AI

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings 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 buying an additional 82,245 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of SES AI by 20.2% in the second quarter. Bank of New York Mellon Corp now owns 427,944 shares of the company’s stock valued at $535,000 after purchasing an additional 71,794 shares during the last quarter. Squarepoint Ops LLC increased its holdings in 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 during the last quarter. Renaissance Technologies LLC boosted its position in SES AI by 62.8% during the second quarter. Renaissance Technologies LLC now owns 121,300 shares of the company’s stock worth $152,000 after purchasing an additional 46,800 shares during the period. Finally, SG Americas Securities LLC boosted its position in shares of SES AI by 91.6% in 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 period. Institutional investors and hedge funds own 29.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SES. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $1.50 price target on shares of SES AI in a research note 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 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.