Kyle Pilkington Sells 25,000 Shares of SES AI (NYSE:SES) Stock

SES AI Corporation (NYSE:SES) insider Kyle Pilkington sold 25,000 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $1.20, for a total transaction of $30,000.00. Following the sale, the insider directly owned 780,203 shares of the company’s stock, valued at $936,243.60. This represents a 3.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

SES AI Trading Up 0.4%

SES AI stock traded up $0.01 during trading hours on Friday, reaching $1.23. 591,725 shares of the stock were exchanged, compared to its average volume of 8,000,500. SES AI Corporation has a twelve month low of $0.40 and a twelve month high of $3.73. The company has a market cap of $447.21 million, a P/E ratio of -5.57 and a beta of 0.62. The stock has a 50 day moving average of $1.88 and a two-hundred day moving average of $1.94.

SES AI (NYSE:SES) last issued its earnings results on Wednesday, March 4th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.02. The company had revenue of $4.56 million during the quarter, compared to analysts’ expectations of $6.64 million. SES AI had a negative net margin of 347.81% and a negative return on equity of 28.19%. On average, analysts expect that SES AI Corporation will post -0.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SES AI

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Invesco Ltd. boosted its holdings in SES AI by 563.9% in the fourth quarter. Invesco Ltd. now owns 6,814,389 shares of the company’s stock valued at $12,266,000 after acquiring an additional 5,788,018 shares during the last quarter. Renaissance Technologies LLC raised its holdings in SES AI by 3,649.5% during the 4th quarter. Renaissance Technologies LLC now owns 2,924,642 shares of the company’s stock worth $5,264,000 after purchasing an additional 2,846,642 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in SES AI by 2,434.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,850,956 shares of the company’s stock worth $5,132,000 after purchasing an additional 2,738,489 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of SES AI by 21.1% in the 3rd quarter. Vanguard Group Inc. now owns 11,083,010 shares of the company’s stock worth $18,509,000 after purchasing an additional 1,927,945 shares during the period. Finally, State Street Corp lifted its position in shares of SES AI by 150.2% in the 4th quarter. State Street Corp now owns 2,886,991 shares of the company’s stock worth $5,197,000 after purchasing an additional 1,733,209 shares during the period. Institutional investors and hedge funds own 29.78% of the company’s stock.

Analyst Upgrades and Downgrades

SES has been the topic of a number of research analyst reports. Wall Street Zen downgraded SES AI from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Weiss Ratings reissued a “sell (d-)” rating on shares of SES AI in a report on Wednesday, January 21st. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of SES AI in a research report on Thursday, March 5th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $4.00.

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.