SES AI Co. (NYSE:SES – Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $1.53, but opened at $1.58. SES AI shares last traded at $1.51, with a volume of 116,745 shares traded.
Analyst Upgrades and Downgrades
Separately, William Blair began coverage on shares of SES AI in a research report on Monday, December 18th. They issued a “market perform” rating for the company.
View Our Latest Research Report on SES
SES AI Stock Down 2.8 %
SES AI (NYSE:SES – Get Free Report) last issued its quarterly earnings data on Monday, February 26th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. During the same period in the prior year, the business earned ($0.05) EPS. As a group, equities research analysts expect that SES AI Co. will post -0.24 EPS for the current year.
Insider Buying and Selling
In other SES AI news, insider Hong Gan sold 25,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $1.69, for a total transaction of $42,250.00. Following the transaction, the insider now directly owns 875,001 shares in the company, valued at approximately $1,478,751.69. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 75,000 shares of company stock worth $116,750. 15.39% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On SES AI
A number of institutional investors have recently added to or reduced their stakes in the company. Alpine Global Management LLC bought a new position in shares of SES AI during the 3rd quarter worth approximately $45,000. Swiss National Bank boosted its position in SES AI by 21.3% in the third quarter. Swiss National Bank now owns 201,900 shares of the company’s stock worth $458,000 after purchasing an additional 35,400 shares during the last quarter. SG Americas Securities LLC bought a new position in SES AI in the 3rd quarter valued at $118,000. Kestra Advisory Services LLC purchased a new stake in shares of SES AI during the 3rd quarter valued at $96,000. Finally, Barclays PLC purchased a new stake in shares of SES AI during the 2nd quarter valued at $95,000. 29.78% of the stock is owned by institutional investors.
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.
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