SES AI Co. (NYSE:SES) Major Shareholder Sk Inc. Sells 243,951 Shares

SES AI Co. (NYSE:SES - Get Free Report) major shareholder Sk Inc. sold 243,951 shares of SES AI stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $0.60, for a total value of $146,370.60. Following the transaction, the insider now owns 40,784,454 shares in the company, valued at approximately $24,470,672.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.

Sk Inc. also recently made the following trade(s):

• On Monday, September 30th, Sk Inc. sold 71,176 shares of SES AI stock. The stock was sold at an average price of $0.70, for a total value of $49,823.20.

SES AI Trading Up 3.6 %

NYSE SES traded up $0.02 during trading hours on Friday, reaching $0.62. The company had a trading volume of 2,435,804 shares, compared to its average volume of 1,077,531. The stock has a market capitalization of $219.99 million, a P/E ratio of -3.72 and a beta of 2.39. The stock has a 50-day moving average of $0.95 and a 200 day moving average of $1.21. SES AI Co. has a 1-year low of $0.57 and a 1-year high of $2.66.

SES AI (NYSE:SES - Get Free Report) last issued its quarterly earnings data on Monday, July 29th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). During the same period in the previous year, the business posted ($0.04) EPS. As a group, sell-side analysts predict that SES AI Co. will post -0.23 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Wolfe Research assumed coverage on shares of SES AI in a report on Thursday, September 5th. They issued an "underperform" rating and a $1.00 price objective for the company. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $1.50 price target on shares of SES AI in a research report on Tuesday, September 10th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC increased its stake in SES AI by 91.6% during the 3rd quarter. SG Americas Securities LLC now owns 66,573 shares of the company's stock worth $43,000 after buying an additional 31,832 shares during the period. EntryPoint Capital LLC acquired a new position in shares of SES AI in the first quarter worth $88,000. Renaissance Technologies LLC increased its position in shares of SES AI by 62.8% during the second quarter. Renaissance Technologies LLC now owns 121,300 shares of the company's stock worth $152,000 after acquiring an additional 46,800 shares during the period. Squarepoint Ops LLC raised its stake in shares of SES AI by 1,039.9% in the second quarter. Squarepoint Ops LLC now owns 246,964 shares of the company's stock valued at $309,000 after acquiring an additional 225,299 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of SES AI by 20.2% in the second quarter. Bank of New York Mellon Corp now owns 427,944 shares of the company's stock valued at $535,000 after acquiring an additional 71,794 shares in the last quarter. 29.78% of the stock is currently owned by hedge funds and other institutional investors.

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.

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