SES AI (NYSE:SES) Insider Hong Gan Sells 150,000 Shares

SES AI Corporation (NYSE:SES) insider Hong Gan sold 150,000 shares of the firm’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $2.50, for a total value of $375,000.00. Following the transaction, the insider directly owned 1,253,286 shares in the company, valued at approximately $3,133,215. This represents a 10.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, January 23rd, Hong Gan sold 100,000 shares of SES AI stock. The shares were sold at an average price of $2.50, for a total value of $250,000.00.
• On Monday, December 15th, Hong Gan sold 100,000 shares of SES AI stock. The stock was 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 Price Performance

SES AI stock opened at $2.40 on Friday. SES AI Corporation has a 12 month low of $0.38 and a 12 month high of $3.73. The business has a 50 day simple moving average of $2.03 and a 200-day simple moving average of $1.80. The stock has a market capitalization of $874.34 million, a PE ratio of -8.55 and a beta of 0.57.

SES AI (NYSE:SES) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The company had revenue of $7.12 million for the quarter, compared to analyst estimates of $4.58 million. SES AI had a negative return on equity of 35.31% and a negative net margin of 490.03%. As a group, equities research analysts anticipate that SES AI Corporation will post -0.23 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SES. Cantor Fitzgerald increased their price target on shares of SES AI from $2.00 to $4.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of SES AI in a research report on Wednesday. Finally, Wall Street Zen raised SES AI from a “sell” rating to a “hold” rating in a research note on Friday. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $4.00.

Institutional Trading of SES AI

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in SES AI by 21.1% in the third quarter. Vanguard Group Inc. now owns 11,083,010 shares of the company’s stock valued at $18,509,000 after buying an additional 1,927,945 shares in the last quarter. Two Sigma Investments LP grew its holdings in shares of SES AI by 183.3% in the 3rd quarter. Two Sigma Investments LP now owns 1,891,079 shares of the company’s stock worth $3,158,000 after acquiring an additional 1,223,673 shares during the period. AQR Capital Management LLC increased its stake in SES AI by 2,314.7% in the 1st quarter. AQR Capital Management LLC now owns 1,138,003 shares of the company’s stock valued at $593,000 after purchasing an additional 1,090,875 shares in the last quarter. Invesco Ltd. raised its holdings in SES AI by 3.1% during the second quarter. Invesco Ltd. now owns 920,259 shares of the company’s stock worth $817,000 after purchasing an additional 27,765 shares during the last quarter. Finally, Baird Financial Group Inc. acquired a new position in SES AI during the second quarter worth $689,000. Hedge funds and other institutional investors 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.