Insider Selling: SES AI Co. (NYSE:SES) Major Shareholder Sells 400,000 Shares of Stock

SES AI Co. (NYSE:SES - Get Free Report) major shareholder Sk Inc. sold 400,000 shares of the business's stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $0.60, for a total value of $240,000.00. Following the completion of the transaction, the insider now owns 38,762,803 shares in the company, valued at $23,257,681.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

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

• On Monday, October 14th, Sk Inc. sold 400,000 shares of SES AI stock. The stock was sold at an average price of $0.62, for a total value of $248,000.00.
• On Friday, October 11th, Sk Inc. sold 400,000 shares of SES AI stock. The stock was sold at an average price of $0.61, for a total value of $244,000.00.
• On Wednesday, October 9th, Sk Inc. sold 2,481 shares of SES AI stock. The stock was sold at an average price of $0.60, for a total value of $1,488.60.
• On Monday, October 7th, Sk Inc. sold 82,429 shares of SES AI stock. The stock was sold at an average price of $0.60, for a total value of $49,457.40.
• On Friday, October 4th, Sk Inc. sold 100,000 shares of SES AI stock. The stock was 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 stock was sold at an average price of $0.70, for a total value of $49,823.20.

SES AI Stock Up 11.8 %

SES AI stock traded up $0.07 during trading hours on Friday, hitting $0.64. The stock had a trading volume of 5,485,036 shares, compared to its average volume of 1,147,040. The company has a 50-day moving average of $0.85 and a two-hundred day moving average of $1.14. The company has a market cap of $228.17 million, a PE ratio of -3.99 and a beta of 2.39. SES AI Co. has a fifty-two week low of $0.55 and a fifty-two week high of $2.57.

SES AI (NYSE:SES - Get Free Report) last posted its quarterly 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 quarter in the previous year, the business earned ($0.04) earnings per share. As a group, analysts forecast that SES AI Co. will post -0.23 EPS for the current fiscal year.

Hedge Funds Weigh In On SES AI

Several large investors have recently added to or reduced their stakes in SES. SG Americas Securities LLC grew its stake in shares of SES AI by 91.6% in the 3rd quarter. SG Americas Securities LLC now owns 66,573 shares of the company's stock valued at $43,000 after purchasing an additional 31,832 shares during the period. Renaissance Technologies LLC grew its stake in shares of SES AI by 62.8% in the 2nd quarter. Renaissance Technologies LLC now owns 121,300 shares of the company's stock valued at $152,000 after purchasing an additional 46,800 shares during the period. EntryPoint Capital LLC bought a new stake in shares of SES AI in the 1st quarter valued at approximately $88,000. Bank of New York Mellon Corp grew its stake in shares of SES AI by 20.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 427,944 shares of the company's stock valued at $535,000 after purchasing an additional 71,794 shares during the period. Finally, Vanguard Group Inc. grew 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 period. Institutional investors and hedge funds own 29.78% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on SES shares. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $1.50 price objective on shares of SES AI in a research report on Tuesday, September 10th. Wolfe Research started coverage on SES AI in a research report on Thursday, September 5th. They set an "underperform" rating and a $1.00 price objective for the company.

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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