Investors Buy Large Volume of Call Options on SES AI (NYSE:SES)

SES AI Corporation (NYSE:SES) saw unusually large options trading activity on Thursday. Stock traders purchased 2,413 call options on the company. This represents an increase of approximately 66% compared to the typical volume of 1,454 call options.

Insider Buying and Selling at SES AI

In related news, insider Hong Gan sold 100,000 shares of SES AI stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $2.50, for a total transaction of $250,000.00. Following the completion of the sale, the insider owned 1,253,286 shares of the company’s stock, valued at approximately $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 is accessible through the SEC website. Also, insider Kyle Pilkington sold 25,000 shares of SES AI stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $1.20, for a total value of $30,000.00. Following the sale, the insider owned 780,203 shares of the company’s stock, valued at approximately $936,243.60. This represents a 3.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 275,000 shares of company stock valued at $655,000. 13.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On SES AI

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SES. Gainplan LLC bought a new stake in SES AI during the 4th quarter worth approximately $30,000. Hudson Bay Capital Management LP acquired a new stake in shares of SES AI in the 2nd quarter valued at $31,000. Verdence Capital Advisors LLC raised its position in shares of SES AI by 42.9% during the third quarter. Verdence Capital Advisors LLC now owns 20,000 shares of the company’s stock worth $33,000 after acquiring an additional 6,000 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of SES AI by 35.1% during the third quarter. Raymond James Financial Inc. now owns 20,268 shares of the company’s stock worth $34,000 after acquiring an additional 5,268 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of SES AI during the fourth quarter valued at $38,000. 29.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SES has been the topic of several analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of SES AI in a research report on Wednesday, January 21st. Wall Street Zen cut shares of SES AI from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of SES AI in a research report on Thursday, March 5th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $4.00.

SES AI Price Performance

Shares of SES stock opened at $1.21 on Friday. The stock has a market cap of $441.78 million, a P/E ratio of -5.48 and a beta of 0.85. SES AI has a one year low of $0.65 and a one year high of $3.73. The stock has a fifty day moving average price of $1.31 and a 200 day moving average price of $1.89.

SES AI (NYSE:SES) last announced its quarterly earnings results on Wednesday, March 4th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.02. SES AI had a negative net margin of 347.81% and a negative return on equity of 28.19%. The firm had revenue of $4.56 million for the quarter, compared to analyst estimates of $6.64 million. Equities research analysts anticipate that SES AI will post -0.23 EPS for the current year.

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.