SES AI Corporation $SES Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC grew its stake in shares of SES AI Corporation (NYSE:SES) by 57.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,596,252 shares of the company’s stock after buying an additional 1,671,610 shares during the quarter. Renaissance Technologies LLC owned about 1.25% of SES AI worth $4,422,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SES. Raymond James Financial Inc. increased its stake in shares of SES AI by 35.1% during the third quarter. Raymond James Financial Inc. now owns 20,268 shares of the company’s stock valued at $34,000 after acquiring an additional 5,268 shares during the period. Mariner LLC lifted its position in SES AI by 89.4% in the fourth quarter. Mariner LLC now owns 21,253 shares of the company’s stock worth $38,000 after purchasing an additional 10,031 shares during the period. Gainplan LLC bought a new position in SES AI during the 4th quarter valued at $30,000. Bank of Montreal Can increased its position in shares of SES AI by 56.1% during the 4th quarter. Bank of Montreal Can now owns 57,893 shares of the company’s stock valued at $104,000 after purchasing an additional 20,807 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of SES AI in the 4th quarter worth $38,000. 29.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other SES AI news, insider Kyle Pilkington sold 25,000 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $1.20, for a total transaction of $30,000.00. Following the completion of the sale, the insider directly owned 1,023,548 shares of the company’s stock, valued at approximately $1,228,257.60. This represents a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 13.80% of the company’s stock.

SES AI Stock Down 1.2%

Shares of SES AI stock opened at $0.51 on Friday. SES AI Corporation has a 12-month low of $0.49 and a 12-month high of $3.73. The firm has a market capitalization of $185.14 million, a PE ratio of -2.30 and a beta of 1.01. The stock’s fifty day moving average is $0.87 and its 200-day moving average is $1.20.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SES shares. Wall Street Zen upgraded SES AI from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of SES AI in a research report on Friday, July 17th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $1.40 price objective on shares of SES AI in a research report on Monday, April 27th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, SES AI presently has a consensus rating of “Hold” and a consensus price target of $2.70.

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.