Hong Gan Sells 25,000 Shares of SES AI Co. (NYSE:SES) Stock

SES AI Co. (NYSE:SES) insider Hong Gan sold 25,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $1.42, for a total transaction of $35,500.00. Following the transaction, the insider now owns 825,506 shares in the company, valued at $1,172,218.52. 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 Monday, April 1st, Hong Gan sold 25,000 shares of SES AI stock. The stock was sold at an average price of $1.60, for a total transaction of $40,000.00.
• On Friday, March 1st, Hong Gan sold 25,000 shares of SES AI stock. The stock was sold at an average price of $1.69, for a total transaction of $42,250.00.

SES AI Price Performance

SES AI stock traded down $0.07 during trading hours on Friday, reaching $1.45. The stock had a trading volume of 82,874 shares, compared to its average volume of 582,535. The stock has a market cap of $512.92 million, a PE ratio of -9.44 and a beta of 2.59. SES AI Co. has a 52 week low of $1.15 and a 52 week high of $3.21. The company has a fifty day simple moving average of $1.51 and a 200-day simple moving average of $1.70.

SES AI (NYSE:SES) last posted its earnings results on Thursday, May 2nd. The company reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). During the same quarter in the previous year, the firm earned ($0.05) earnings per share. Research analysts predict that SES AI Co. will post -0.24 earnings per share for the current fiscal year.

Institutional Trading of SES AI

Large investors have recently made changes to their positions in the stock. SG Americas Securities LLC grew its position in SES AI by 28.3% during the fourth quarter. SG Americas Securities LLC now owns 66,479 shares of the company’s stock valued at $122,000 after buying an additional 14,646 shares during the period. Alpine Global Management LLC purchased a new position in SES AI during the third quarter valued at approximately $45,000. Swiss National Bank lifted its holdings in SES AI by 21.3% during the third quarter. Swiss National Bank now owns 201,900 shares of the company’s stock valued at $458,000 after purchasing an additional 35,400 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in SES AI during the third quarter valued at approximately $96,000. Finally, Syon Capital LLC purchased a new position in shares of SES AI in the third quarter worth $137,000. 29.78% of the stock is currently owned by 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.