SES AI (NYSE:SES) Insider Sells $198,000.00 in Stock

SES AI Corporation (NYSE:SES) insider Hong Gan sold 100,000 shares of SES AI stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $1.98, for a total transaction of $198,000.00. Following the completion of the transaction, the insider directly owned 1,253,286 shares in the company, valued at $2,481,506.28. This trade represents a 7.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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 Trading Up 5.5%

Shares of SES stock opened at $1.92 on Friday. The stock has a market cap of $700.93 million, a price-to-earnings ratio of -6.86 and a beta of 0.56. The stock has a 50-day moving average of $2.27 and a 200-day moving average of $1.58. SES AI Corporation has a 1-year low of $0.38 and a 1-year high of $3.73.

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

Analyst Ratings Changes

SES has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SES AI in a report on Wednesday, October 8th. Cantor Fitzgerald upped their price target on shares of SES AI from $2.00 to $4.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $4.00.

Institutional Investors Weigh In On SES AI

A number of large investors have recently made changes to their positions in the company. Raymond James Financial Inc. raised its holdings in shares of SES AI by 35.1% during the 3rd quarter. Raymond James Financial Inc. now owns 20,268 shares of the company’s stock worth $34,000 after acquiring an additional 5,268 shares during the period. Verdence Capital Advisors LLC boosted its position in shares of SES AI by 42.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 20,000 shares of the company’s stock worth $33,000 after purchasing an additional 6,000 shares during the period. Savant Capital LLC grew its stake in shares of SES AI by 32.1% in the second quarter. Savant Capital LLC now owns 58,118 shares of the company’s stock valued at $52,000 after buying an additional 14,118 shares in the last quarter. Sitrin Capital Management LLC increased its stake in SES AI by 50.0% during the second quarter. Sitrin Capital Management LLC now owns 60,000 shares of the company’s stock worth $53,000 after purchasing an additional 20,000 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in shares of SES AI by 136.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 38,006 shares of the company’s stock valued at $34,000 after purchasing an additional 21,934 shares during the period. 29.78% of the stock is currently owned by institutional investors.

SES AI Company Profile

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.