SES AI Corporation (NYSE:SES - Get Free Report) insider Hong Gan sold 100,000 shares of SES AI stock in a transaction dated 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 sale, the insider owned 1,253,286 shares in the company, valued at approximately $2,481,506.28. This trade represents a 7.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Stock Up 0.3%
SES AI stock opened at $1.96 on Wednesday. The company has a fifty day simple moving average of $2.31 and a 200-day simple moving average of $1.58. The firm has a market capitalization of $713.71 million, a price-to-earnings ratio of -6.98 and a beta of 0.56. SES AI Corporation has a 52-week low of $0.36 and a 52-week high of $3.73.
SES AI (NYSE:SES - Get Free Report) last posted its quarterly earnings results on Wednesday, November 5th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). SES AI had a negative return on equity of 35.31% and a negative net margin of 490.03%.The business had revenue of $7.12 million during the quarter, compared to analysts' expectations of $4.58 million. On average, research analysts anticipate that SES AI Corporation will post -0.23 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
SES has been the topic of a number of analyst reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of SES AI in a research report on Wednesday, October 8th. Cantor Fitzgerald lifted 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 analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $4.00.
Get Our Latest Research Report on SES
Institutional Investors Weigh In On SES AI
Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of SES AI by 21.1% in the third 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 in the last quarter. Two Sigma Investments LP grew its stake in SES AI by 183.3% during the 3rd quarter. Two Sigma Investments LP now owns 1,891,079 shares of the company's stock worth $3,158,000 after purchasing an additional 1,223,673 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in SES AI by 14.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,200,895 shares of the company's stock worth $625,000 after purchasing an additional 151,420 shares in the last quarter. AQR Capital Management LLC increased its holdings in SES AI by 2,314.7% during the 1st quarter. AQR Capital Management LLC now owns 1,138,003 shares of the company's stock worth $593,000 after purchasing an additional 1,090,875 shares during the period. Finally, Invesco Ltd. raised its position in SES AI by 3.1% in the 2nd quarter. Invesco Ltd. now owns 920,259 shares of the company's stock valued at $817,000 after purchasing an additional 27,765 shares in the last quarter. 29.78% of the stock is owned by hedge funds and other institutional investors.
SES AI Company Profile
(
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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.
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