Insider Selling: SES AI Co. (NYSE:SES) Major Shareholder Sells $210,088.77 in Stock

SES AI Co. (NYSE:SES) major shareholder Holdings (Private) Ltd Temasek sold 253,119 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $0.83, for a total transaction of $210,088.77. Following the transaction, the insider now owns 2,297,782 shares of the company’s stock, valued at approximately $1,907,159.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, September 18th, Holdings (Private) Ltd Temasek sold 1,000,000 shares of SES AI stock. The stock was sold at an average price of $0.87, for a total transaction of $870,000.00.
• On Monday, September 16th, Holdings (Private) Ltd Temasek sold 67,890 shares of SES AI stock. The shares were sold at an average price of $1.02, for a total value of $69,247.80.
• On Friday, September 13th, Holdings (Private) Ltd Temasek sold 165,539 shares of SES AI stock. The shares were sold at an average price of $1.04, for a total value of $172,160.56.

SES AI Stock Up 9.5 %

NYSE:SES opened at $0.72 on Thursday. SES AI Co. has a 12-month low of $0.62 and a 12-month high of $2.66. The firm has a market capitalization of $258.43 million, a price-to-earnings ratio of -4.52 and a beta of 2.43. The stock’s 50 day moving average price is $1.02 and its two-hundred day moving average price is $1.25.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on SES shares. Deutsche Bank Aktiengesellschaft restated 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 shares of SES AI in a research report on Thursday, September 5th. They set an “underperform” rating and a $1.00 price target on the stock.

Hedge Funds Weigh In On SES AI

Several large investors have recently modified their holdings of SES. Vanguard Group Inc. boosted 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 buying an additional 82,245 shares during the period. Bank of New York Mellon Corp lifted its position in SES AI by 20.2% during the second quarter. Bank of New York Mellon Corp now owns 427,944 shares of the company’s stock worth $535,000 after acquiring an additional 71,794 shares during the last quarter. EntryPoint Capital LLC bought a new stake in shares of SES AI during the first quarter worth approximately $88,000. Renaissance Technologies LLC grew its position 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 purchasing an additional 46,800 shares during the last quarter. Finally, Squarepoint Ops LLC increased its stake 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 purchasing an additional 225,299 shares during the period. 29.78% of the stock is owned by institutional investors.

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.