SES AI Co. (NYSE:SES) Major Shareholder Sk Inc. Sells 82,429 Shares

SES AI Co. (NYSE:SES - Get Free Report) major shareholder Sk Inc. sold 82,429 shares of the company's stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $0.60, for a total transaction of $49,457.40. Following the sale, the insider now directly owns 40,601,438 shares of the company's stock, valued at approximately $24,360,862.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

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

• On Friday, October 4th, Sk Inc. sold 100,000 shares of SES AI stock. The shares were sold at an average price of $0.61, for a total value of $61,000.00.
• On Wednesday, October 2nd, Sk Inc. sold 243,951 shares of SES AI stock. The stock was sold at an average price of $0.60, for a total value of $146,370.60.
• On Monday, September 30th, Sk Inc. sold 71,176 shares of SES AI stock. The shares were sold at an average price of $0.70, for a total value of $49,823.20.

SES AI Stock Performance

SES AI stock remained flat at $0.60 during trading hours on Tuesday. The company's stock had a trading volume of 747,193 shares, compared to its average volume of 1,076,243. The business has a 50 day moving average of $0.92 and a 200 day moving average of $1.19. SES AI Co. has a 1 year low of $0.57 and a 1 year high of $2.66. The company has a market capitalization of $212.60 million, a PE ratio of -3.72 and a beta of 2.39.

SES AI (NYSE:SES - Get Free Report) last posted its earnings results 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 last year, the business posted ($0.04) EPS. As a group, analysts anticipate that SES AI Co. will post -0.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Trading of SES AI

Institutional investors have recently modified their holdings of the business. Squarepoint Ops LLC boosted its holdings in 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 during the last quarter. Vanguard Group Inc. boosted its stake in shares of SES AI by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 11,830,407 shares of the company's stock valued at $19,875,000 after purchasing an additional 82,245 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of SES AI by 20.2% during the second quarter. Bank of New York Mellon Corp now owns 427,944 shares of the company's stock worth $535,000 after buying an additional 71,794 shares during the period. EntryPoint Capital LLC acquired a new stake in shares of SES AI during the first quarter worth $88,000. Finally, Renaissance Technologies LLC raised its stake in 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 buying an additional 46,800 shares during the last quarter. 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.