Insider Selling: SES AI Co. (NYSE:SES) Major Shareholder Sells 1,000,000 Shares of Stock

SES AI Co. (NYSE:SES) major shareholder Holdings (Private) Ltd Temasek sold 1,000,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $0.87, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases 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 value 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 value of $172,160.56.

SES AI Stock Performance

NYSE SES opened at $0.86 on Thursday. The business’s fifty day moving average is $1.08 and its 200 day moving average is $1.28. The company has a market capitalization of $307.35 million, a PE ratio of -5.38 and a beta of 2.43. SES AI Co. has a fifty-two week low of $0.81 and a fifty-two week high of $2.66.

SES AI (NYSE:SES) last issued its 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 period in the previous year, the company earned ($0.04) earnings per share. On average, sell-side analysts forecast that SES AI Co. will post -0.23 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SES. EntryPoint Capital LLC purchased a new stake in shares of SES AI in the first quarter valued at approximately $88,000. Renaissance Technologies LLC increased its position in shares of 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. Squarepoint Ops LLC grew its position 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 purchasing an additional 225,299 shares during the period. Bank of New York Mellon Corp grew its position in SES AI by 20.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 427,944 shares of the company’s stock worth $535,000 after purchasing an additional 71,794 shares during the period. Finally, Vanguard Group Inc. grew its position in 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 purchasing an additional 82,245 shares during the period. Hedge funds and other institutional investors own 29.78% of the company’s stock.

Analyst Ratings Changes

SES has been the subject of several research analyst reports. Wolfe Research initiated coverage on SES AI in a report on Thursday, September 5th. They issued an “underperform” rating and a $1.00 price objective for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $1.50 price objective on shares of SES AI in a research report on Tuesday, September 10th.

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.