SES AI Co. (NYSE:SES) Insider Hong Gan Sells 25,000 Shares of Stock

SES AI Co. (NYSE:SES) insider Hong Gan sold 25,000 shares of SES AI stock in a transaction on Monday, July 1st. The stock was sold at an average price of $1.17, for a total transaction of $29,250.00. Following the transaction, the insider now directly owns 825,506 shares of the company’s stock, valued at $965,842.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Hong Gan also recently made the following trade(s):

• On Wednesday, May 8th, Hong Gan sold 25,000 shares of SES AI stock. The stock was sold at an average price of $1.42, for a total transaction of $35,500.00.

SES AI Stock Down 2.2 %

SES stock opened at $1.11 on Wednesday. The company has a fifty day moving average price of $1.30 and a two-hundred day moving average price of $1.46. SES AI Co. has a one year low of $1.10 and a one year high of $3.21.

SES AI (NYSE:SES) last released its quarterly earnings data on Thursday, May 2nd. The company reported ($0.05) EPS for the quarter, hitting analysts’ consensus estimates of ($0.05). During the same quarter in the prior year, the firm earned ($0.05) EPS. Research analysts forecast that SES AI Co. will post -0.17 EPS for the current year.

Institutional Investors Weigh In On SES AI

Institutional investors have recently modified their holdings of the business. Alpine Global Management LLC bought a new stake in shares of SES AI in the third quarter valued at about $45,000. EntryPoint Capital LLC bought a new stake in shares of SES AI in the first quarter valued at about $88,000. Kestra Advisory Services LLC bought a new stake in shares of SES AI in the third quarter valued at about $96,000. SG Americas Securities LLC boosted its position in shares of SES AI by 28.3% in the fourth quarter. SG Americas Securities LLC now owns 66,479 shares of the company’s stock valued at $122,000 after acquiring an additional 14,646 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of SES AI by 0.7% in the first 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 own 29.78% of the company’s stock.

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.