Hong Gan Sells 100,000 Shares of SES AI (NYSE:SES) Stock

SES AI Corporation (NYSE:SES) insider Hong Gan sold 100,000 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $1.98, for a total value 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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 0.3%

SES AI stock traded up $0.01 during midday trading on Tuesday, hitting $1.96. The stock had a trading volume of 3,677,462 shares, compared to its average volume of 16,639,613. SES AI Corporation has a 52-week low of $0.36 and a 52-week high of $3.73. The company has a market capitalization of $713.72 million, a PE ratio of -6.98 and a beta of 0.56. The firm’s fifty day moving average is $2.33 and its two-hundred day moving average is $1.57.

SES AI (NYSE:SES) last posted its quarterly earnings results on Wednesday, November 5th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The firm had revenue of $7.12 million during 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%. As a group, equities research analysts predict that SES AI Corporation will post -0.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of SES AI in a research note on Wednesday, October 8th. Cantor Fitzgerald increased their target price on SES AI from $2.00 to $4.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $4.00.

Institutional Trading of SES AI

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Voya Investment Management LLC purchased a new position in SES AI in the first quarter worth about $31,000. Hudson Bay Capital Management LP bought a new stake in shares of SES AI in the 2nd quarter valued at approximately $31,000. Verdence Capital Advisors LLC lifted its stake in shares of SES AI by 42.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 20,000 shares of the company’s stock valued at $33,000 after purchasing an additional 6,000 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of SES AI by 136.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 38,006 shares of the company’s stock worth $34,000 after purchasing an additional 21,934 shares during the period. Finally, Raymond James Financial Inc. increased its position 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 valued at $34,000 after purchasing an additional 5,268 shares during the last quarter. 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.