Holdings (Private) Ltd Temasek Sells 165,539 Shares of SES AI Co. (NYSE:SES) Stock

SES AI Co. (NYSE:SES) major shareholder Holdings (Private) Ltd Temasek sold 165,539 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $1.04, for a total transaction of $172,160.56. Following the sale, the insider now directly owns 5,466,590 shares in the company, valued at $5,685,253.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more 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 shares were sold at an average price of $1.02, for a total value of $69,247.80.

SES AI Trading Down 12.2 %

Shares of NYSE:SES opened at $0.86 on Thursday. The firm has a market cap of $307.35 million, a price-to-earnings ratio of -5.38 and a beta of 2.43. SES AI Co. has a 1 year low of $0.81 and a 1 year high of $2.66. The business has a fifty day simple moving average of $1.09 and a 200 day simple moving average of $1.28.

SES AI (NYSE:SES) last announced its quarterly 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 last year, the business posted ($0.04) earnings per share. On average, sell-side analysts forecast that SES AI Co. will post -0.23 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued 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 report on Thursday, September 5th. They issued an “underperform” rating and a $1.00 price target for the company.

Institutional Trading of SES AI

Several large investors have recently added to or reduced their stakes in SES. Squarepoint Ops LLC raised its holdings in shares of SES AI by 1,039.9% during the 2nd quarter. Squarepoint Ops LLC now owns 246,964 shares of the company’s stock valued at $309,000 after purchasing an additional 225,299 shares in the last quarter. Vanguard Group Inc. increased its position 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 last quarter. Bank of New York Mellon Corp increased 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 buying an additional 71,794 shares during the last quarter. EntryPoint Capital LLC bought a new position in SES AI during the first quarter valued at about $88,000. Finally, Renaissance Technologies LLC lifted 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 worth $152,000 after buying an additional 46,800 shares during the last quarter. 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.