SES AI (NYSE:SES) Insider Sells $250,000.00 in Stock

SES AI Corporation (NYSE:SES) insider Hong Gan sold 100,000 shares of the firm’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $2.50, for a total value of $250,000.00. Following the completion of the transaction, the insider directly owned 1,253,286 shares in the company, valued at $3,133,215. This trade represents a 7.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, January 22nd, Hong Gan sold 150,000 shares of SES AI stock. The stock was sold at an average price of $2.50, for a total value of $375,000.00.
• On Monday, December 15th, Hong Gan sold 100,000 shares of SES AI stock. The shares were sold at an average price of $1.98, for a total value of $198,000.00.
• On Monday, November 17th, Hong Gan sold 150,000 shares of SES AI stock. The shares were sold at an average price of $1.90, for a total value of $285,000.00.

SES AI Stock Down 6.8%

NYSE SES opened at $2.40 on Monday. SES AI Corporation has a fifty-two week low of $0.38 and a fifty-two week high of $3.73. The business has a 50 day moving average price of $2.03 and a two-hundred day moving average price of $1.81. The stock has a market cap of $874.34 million, a PE ratio of -8.55 and a beta of 0.57.

SES AI (NYSE:SES) last posted its quarterly earnings data on Wednesday, November 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The firm had revenue of $7.12 million for the quarter, compared to analysts’ expectations of $4.58 million. SES AI had a negative net margin of 490.03% and a negative return on equity of 35.31%. Sell-side analysts anticipate that SES AI Corporation will post -0.23 EPS for the current fiscal year.

Institutional Trading of SES AI

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Gainplan LLC acquired a new stake in SES AI during the fourth quarter valued at approximately $30,000. Voya Investment Management LLC acquired a new position in shares of SES AI in the 1st quarter worth approximately $31,000. Hudson Bay Capital Management LP bought a new stake in shares of SES AI in the 2nd quarter valued at approximately $31,000. Verdence Capital Advisors LLC raised its position in shares of SES AI by 42.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 20,000 shares of the company’s stock valued at $33,000 after acquiring an additional 6,000 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of SES AI by 136.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 38,006 shares of the company’s stock valued at $34,000 after acquiring an additional 21,934 shares in the last quarter. 29.78% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SES shares. Weiss Ratings reissued a “sell (d-)” rating on shares of SES AI in a research report on Wednesday. Wall Street Zen upgraded SES AI from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Cantor Fitzgerald raised their price objective on SES AI from $2.00 to $4.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, SES AI has a consensus rating of “Hold” and a consensus price target of $4.00.

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.