GSA Capital Partners LLP Trims Holdings in SES AI Corporation $SES

GSA Capital Partners LLP reduced its holdings in shares of SES AI Corporation (NYSE:SES) by 52.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 860,461 shares of the company’s stock after selling 948,993 shares during the period. GSA Capital Partners LLP’s holdings in SES AI were worth $1,437,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in 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 acquiring an additional 1,927,945 shares during the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of SES AI by 237.5% in the 3rd quarter. SBI Securities Co. Ltd. now owns 229,470 shares of the company’s stock worth $383,000 after purchasing an additional 161,482 shares in the last quarter. Verdence Capital Advisors LLC raised its stake in shares of SES AI by 42.9% in the third 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 last quarter. Hudson Bay Capital Management LP purchased a new position in shares of SES AI in the second quarter worth $31,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of SES AI by 225.5% during the second quarter. Tower Research Capital LLC TRC now owns 93,051 shares of the company’s stock valued at $83,000 after buying an additional 64,461 shares during the last quarter. Hedge funds and other institutional investors own 29.78% of the company’s stock.

Analyst Ratings Changes

SES has been the subject of a number of recent analyst reports. Wall Street Zen lowered SES AI from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Cantor Fitzgerald boosted their price objective on shares of SES AI from $2.00 to $4.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of SES AI in a report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $4.00.

Insider Activity at SES AI

In other SES AI news, insider Hong Gan sold 150,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $2.50, for a total transaction of $375,000.00. Following the completion of the transaction, the insider owned 1,253,286 shares in the company, valued at $3,133,215. This trade represents a 10.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last ninety days, insiders have sold 350,000 shares of company stock worth $823,000. 13.80% of the stock is owned by corporate insiders.

SES AI Stock Performance

NYSE SES opened at $1.70 on Wednesday. SES AI Corporation has a 12 month low of $0.38 and a 12 month high of $3.73. The company’s 50 day moving average is $2.03 and its two-hundred day moving average is $1.91. The stock has a market cap of $620.62 million, a price-to-earnings ratio of -6.07 and a beta of 0.57.

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.