Holdings (Private) Ltd Temasek Sells 67,890 Shares of SES AI Co. (NYSE:SES) Stock

SES AI Co. (NYSE:SES) major shareholder Holdings (Private) Ltd Temasek sold 67,890 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $1.02, for a total transaction of $69,247.80. Following the sale, the insider now directly owns 5,398,700 shares of the company’s stock, valued at approximately $5,506,674. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 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 transaction of $172,160.56.

SES AI Stock Down 12.2 %

SES opened at $0.86 on Thursday. The firm’s 50 day moving average is $1.09 and its 200-day moving average is $1.28. SES AI Co. has a 52-week low of $0.81 and a 52-week high of $2.66. The firm has a market capitalization of $307.35 million, a P/E ratio of -5.38 and a beta of 2.43.

SES AI (NYSE:SES) last released 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 period in the previous year, the firm earned ($0.04) EPS. Equities analysts expect that SES AI Co. will post -0.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on SES. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $1.50 target price on shares of SES AI in a research note on Tuesday, September 10th. Wolfe Research assumed coverage on SES AI in a research note on Thursday, September 5th. They set an “underperform” rating and a $1.00 price objective on the stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Squarepoint Ops LLC grew its stake in 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. raised its position in shares of 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 purchasing an additional 82,245 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of 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 valued at $535,000 after buying an additional 71,794 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in shares of SES AI during the first quarter worth approximately $88,000. Finally, Renaissance Technologies LLC increased its stake 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. Institutional investors and hedge funds own 29.78% of the company’s 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.